Serving Strathroy, Ontario
Mortgage Broker Serving Strathroy, Ontario
Strathroy sits west of London in Middlesex County, surrounded by farmland and rural properties. The files I see here include London commuters looking for more space, families buying their first detached home, and buyers looking at hobby farms or homes on larger lots.
I'm Nandan Bajani of Bajani Mortgage, a Mortgage Agent Level 1 with The Mortgage Firm Inc. I help Strathroy buyers and homeowners get properly underwritten before they shop, then match the file to a lender that suits the property and the income.
Strathroy, Ontario — Daily Update
Compare Today's Mortgage Rates
As of October 2, 2026
2.25% overnight rate held steady for a seventh consecutive Bank of Canada meeting, prime remains near 4.45%, while longer-term fixed rates continue to edge higher
2-Year
Fixed
4.09%
Big 6 Bank
Variable
—
3-Year
Fixed
4.19%
Big 6 Bank
Variable
3.84%
Canadian Lender
5-Year
Fixed
4.34%
Canadian Lender
Variable
3.40%
Canadian Lender
Rates shown are for insured mortgages (down payment under 20%). Conventional/uninsured pricing may differ — contact me for your exact rate.
Source: Ratehub.ca public rate table. Illustrative only, subject to qualification. Rates are examples from a public table and may change.
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Mortgage services for Strathroy clients
Buying or renewing in Strathroy
Strathroy is in Middlesex County, west of London, and its housing ranges from older homes near the downtown to established family neighbourhoods and newer subdivisions. The surrounding area includes farmland, hobby farms and rural lots with wells and septic systems.
Many Strathroy buyers commute to London, while others work in agriculture, trades or local businesses. Rural and agricultural properties need a lender that understands the land and outbuildings, and self-employed or farm income often needs careful documentation.
Rural, Acreage and Agricultural Properties
Lenders differ widely on rural properties. Some limit the acreage they will value, some exclude outbuildings, and working farms may need an agricultural lender. Water tests, septic records and zoning are usually reviewed before approval.
Sorting these details out during the conditional period gives you time to adjust the offer or choose a different lender if needed.
Self-Employed, Trades and Farm Income
Self-employed, trades and farm income is usually assessed from two years of T1 General returns and notices of assessment. Where write-offs reduce taxable income, some lenders offer business-for-self programs, generally with a larger down payment and subject to qualification.
Renewals and Refinancing in Strathroy
Start comparing renewal options about four months before maturity. Switching lenders at maturity generally avoids a prepayment penalty. Refinancing is generally available up to 80% of appraised value, subject to qualification and any penalty for breaking the current term.
Strathroy-area case studies
Real file walkthroughs from the surrounding area — the hurdle, the lending strategy and the outcome.
View all service areasIllustrative example
Illustrative example: a hobby farm outside Strathroy
Illustrative example — not a real client. A London-based buyer wants a house on a few acres outside Strathroy with a barn and a well. The first lender they speak to will only finance properties on smaller lots. A different lender may finance the home and a portion of the land at residential terms, as long as the property isn't run as a commercial farm.
The result depends on the appraisal, zoning, the water and septic reports, and qualification under the stress test. Any outcome is subject to approval.
Strathroy mortgage questions
Can I get a regular mortgage on a Strathroy-area hobby farm?+
Often, if the home is the main use of the property and the land isn't run as a commercial farm. Many residential lenders have limits on acreage and outbuildings, and some value only a portion of the land. If the farm produces significant income or the land is most of the value, an agricultural lender may be a better fit. Confirming zoning, lot size, and water and septic records early helps match the property to the right lender.
What do lenders want to see for a well and septic system?+
Lenders and insurers commonly ask for a recent water potability test and information on the septic system, such as its age, type and any inspection reports. Some may ask for a septic inspection as a condition of financing. Arranging these during the conditional period is a good idea, because a failed water test or an aging septic system can affect both the financing and the price you're willing to pay.
Will commuting from Strathroy to London affect my approval?+
No. Lenders look at your income, credit, debts and down payment, not your commute. But commuting does affect your budget. A new vehicle loan or lease counts against your debt service ratios, and fuel and insurance come out of your monthly cash flow. It's worth running your numbers with commuting costs included before you decide on a purchase price in Strathroy.
How is farm or self-employed income treated for a Strathroy mortgage?+
Lenders generally look at your last two years of T1 General returns and notices of assessment, using your net income after expenses. Farm and self-employed income can vary from year to year, so many lenders average two years. If your write-offs make your taxable income low, some lenders offer business-for-self programs that consider a reasonable stated income, usually with a larger down payment. Clear, organised records help.
Can I refinance a rural Middlesex County property?+
Generally, you can refinance up to 80% of your home's appraised value, subject to qualification. For rural properties, the appraisal and the lender's acreage rules matter, since some lenders value only part of the land. Breaking your current mortgage mid-term usually has a prepayment penalty, so the decision weighs that cost against the benefit of the new funds or a lower payment. A HELOC may also be an option.
Client experiences
Clients across London, St. Thomas and surrounding Southwestern Ontario communities have shared their experiences on Google. Read them in full, unedited.
Meet Nandan Bajani
Mortgage Agent Level 1 | Ontario
The Mortgage Firm Inc.
Helping homebuyers and homeowners throughout London, St. Thomas and surrounding Southwestern Ontario communities with clear, personalized mortgage guidance.
Meet NandanAlso serving communities near Strathroy
London · Komoka · Mount Brydges · Delaware · Arkona · Parkhill — and surrounding Southwestern Ontario communities. Mortgage services are provided remotely and in person; there is no branch office in these locations.
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