RTM Land Development Program (Alberta)

As mortgage professionals we are flooded with inquiries to acquire vacant land with a goal to develop it with a new home and sadly most people soon discover they do not have enough cash to make it happen. We also understand that many of you could mortgage qualify for the exact same home and property if it were a finished occupancy-ready property. You just need a team that understand the risks and how money flows, and to fill in the funding gaps until the mortgage money comes in.

To that end, we are developing a Turn-key funding program (Alberta residents only for now) where we – in tandem with a select group of factory-built home suppliers - are offering buyers in Alberta the opportunity to acquire a small acreage in their preferred area and develop it with utility-services (water, power, gas, & septic) and a new manufactured/factory-built home of their choice with as little as 7.5% down (OAC), the minimum down payment and closing costs required for a residential home mortgage approval in Canada. Our team puts up that cash and development expertise instead of you - you purchase the finished project from us, just like buying a turn-key new home from a builder in the city.

The steps to qualify for this program are as follows:

• You must live and work in Alberta (we may consider the Prince George BC area also)
• You must have a good stable job, good credit and 5-10% down payment
• Talk to us as mortgage professionals first to find out if you can indeed mortgage qualify
• Establish a budget for the land purchase, cost of utility services, and site preparation using the guide above and in conjunction with one of our home suppliers and installers