Applying for a land mortgage is a fairly different process than applying for a residential mortgage. For one, land is typically considered a much riskier asset compared to a single family dwelling or even a commercial or industrial property. Secondly, there are fewer lenders that provide mortgage land loans. Similar to traditional residential or commercial lending, traditional lenders, at lease those providing land mortgages, have much more rigid underwriting policies compared to private mortgage lenders. Traditional land mortgage lenders, those that will actually provide land financing, typically have more competitive interest rates, however are not as flexible or willing to ‘think outside of the box’ like private land mortgage lenders. DV Capital provides mortgage broker and lender services across Ontario, British Columbia and Nova Scotia.Â