We do not charge interest for financing. We keep the process simple: after the down payment is paid, the balance is split into a series of monthly payments.
Most of our properties list a specific terms arrangement; however, we are willing to negotiate the terms with you to meet your needs. Increasing the down payment, for example, may lower the monthly payment or reduce the total number of payments. We strive to make land ownership affordable for everyone.
No Credit Check, No Qualification
We do not run credit checks or background reports. If you pay the down payment and are committed to making your required monthly payments as agreed, we will be happy to work with you and help you own a property.
We keep our fees as low as possible, and we never apply any hidden fees. A list of the fees that may be applied, click here.
No Penalty for Pre-Payment
We never charge a fee for paying off the balance early. You may make additional payments or increase your monthly payments without any penalty.
Each state varies somewhat in the way transactions are handled. Depending on the state where the property is located, we will use what is commonly referred to as a Land Contract, or Contract for Deed, to document the arrangement for financing. Under this agreement, we will retain the title to the property for the duration of the payment period. You are still permitted to take possession of it and use it, until the the balance is paid in full. At that time, we send you the full legal title. This is similar to the way car loans are typically set up.
The Land Contract includes certain clauses that advise you not to engage in any illegal activities on the property, build a permanent structure on it until you have paid off the loan and officially have title to the property, and not to remove timber. If you would like to review the details before making your down payment, we would be happy to send you an example of the land contract.
When you choose the financing option on the property you want to purchase, you will make a down payment to secure it. When we have received your initial down payment, we will prepare and send you the following documents: a Sale Agreement, a Land Contract, and a Promissory Note. When you have signed and returned these documents, and we have worked with you to set up the system for making monthly payments, you can begin enjoying your new land.
Once you have made your final payment and the balance is paid in full, we will prepare a new Deed and transfer the legal title to you. At that point, you will officially own the land and are free to build a permanent structure, leave it vacant, or resell it.
On most properties, we also offer a discounted cash price for buyers who have the cash to purchase outright.
if you have further questions about our financing or would like to discuss options on a specific property, please contact us.