Home Loans Rural Property Australia: Up to 95% LVR
- Fast turnaround time
- Guide you from preapproval to settlement
- Borrow up to 95% of the purchase price
- No cost, no obligation service
Why Choose Home Loans for Rural Property?
Professional Home Loans can assist with Rural Property Loans:
- High LVR: Up to 95% for properties up to 60 hectares.
- Flexible Terms: Tailored for rural lifestyle or investment.
- Expert Support: Handle bank saleability and zoning issues with ease.
- No Build Pressure: No strict build timelines with select lenders.
Book in a Strategy Session to discuss your goals.
Eligibility for Rural Property Loans
To qualify for rural land loans Australia:
- Land Size: Up to 60 hectares accepted; larger plots case-by-case.
- Zoning: Rural residential or hobby farm preferred; commercial zoning may require a business plan.
- Access: All-weather road access and legal access verified.
- Credit: Good credit; self-employed need 2 years’ financials or low doc options.
- Deposit: 5–30% depending on size and location; higher for agricultural land.
Costs of Rural Property Loans
Key costs to consider:
- LMI: ~$15,000 for a $750,000 loan at 90% LVR; varies by lender.
- Interest Rates: Starts at 6.5% for rural properties, higher for commercial use.
- Fees: Application (~$500), valuation, and potential GST on commercial land.
Use our Loan Calculator to estimate
How to Apply for a Rural Property Loan
Step 1: Initial Consultation Our experienced brokers assess your financial situation, land purchase goals, and recommend suitable lending options.
Step 2: Pre-Approval Obtain conditional approval based on your financial capacity, helping strengthen your position when making offers.
Step 3: Property Assessment Once you’ve identified suitable land, we coordinate professional valuations and due diligence requirements.
Step 4: Formal Application Submit comprehensive application with all required documentation to your preferred lender.
Step 5: Approval and Settlement Final approval typically takes 14-30 days, followed by settlement coordination with your legal representatives.
Required Documentation:
- Income verification (payslips, tax returns, financial statements)
- Bank statements (3-6 months)
- Identification documents
- Asset and liability statements
- Property documentation and contracts
- Insurance arrangements
Free 30-Minute Finance Strategy Session For Professionals
Let us help guide you through the Home loan process.
