RuraLiving Home Mortgage Program

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It’s all about you, and your commitment to living in the country. Northwest Bank appreciates the unique qualities of rural American living. We offer a program that provides long-term financing for properties with larger acreages and outbuildings. Our RuraLiving® Home Mortgage program exemplifies competitive pricing and effective products designed specifically for country home living.

RuraLiving® Home Mortgage Program Providing Valuable Benefits

  • A solution created specifically for non-conventional properties
  • A unique opportunity to lock in long-term financing and a fixed rate
  • Finance one note and mortgage for the entire acreage and home
  • Competitive pricing structure
  • A dedicated and experienced team guiding you through a simple and convenient process

Refinance Benefits Include

  • Effectively manage your personal finance goals
  • Reduce monthly payments
  • Improve cash flow
  • Lock in a long-term fixed rate to secure future financial expectations

What type of properties qualify?

The RuraLiving program is dedicated to providing long-term financing for non-conventional secondary market hobby farm properties, with agricultural characteristics.


Eligible

  • Primary residence and owner occupied
  • Home and property in good condition with no deferred maintenance or incomplete construction
  • Properties generally range from 5-160 acres
  • Property has the reasonable capability of generating $500 of annual agricultural income
  • The borrower’s primary business/vacation is typically something other than farming
  • Home value should comprise of approximately 30% of the overall property value

Non-eligible

  • Full-time farming operation or a property with a large number of livestock
  • Second homes
  • Townhome, duplex or planned unit development
  • Manufactured homes
  • Mobile Homes
  • Unique homes (shed, dome, berm, cabins, log homes)
  • Investment properties

Eligible Hobby Farm Property Examples

56-Acre Hobby Farm

  • Primary residence and owner occupied
  • Potential for ag income derived from animal shelter, barn, horse facility and pasture land.

10-Acre Hobby Farm

  • Primary residence and owner occupied
  • Potential for ag income derived from crop acreage

75-Acre Hobby Farm

  • Primary residence and owner occupied, with an additional guest home and barn
  • A combination of acreage including both open and wooded land

27-Acre Hobby Farm

  • Primary residence and owner occupied
  • Borrower has full-time, non-farm employment
  • 14 tillable acres, leased to local farmer

To learn more about RuraLiving Home Mortgage program contact one of our experienced mortgage experts.