Owner financed land is land you buy with payments made directly to the seller instead of a bank. It is a purchase, not a bank loan. You agree on a price, a down payment, an APR (annual percentage rate, the yearly cost of the financing), and a monthly payment, and you pay the seller until the balance is paid off.
How it works with FinanceLandAsap
Most sellers want cash. Most buyers of vacant land cannot get a bank to finance it. We sit in the middle. You find the parcel. If it qualifies, Coastal Land Partners LLC buys it from the current owner in cash, then sells it to you with seller financing on a fixed monthly payment.
- Fully amortizing payments, so every payment pays down the balance
- No balloon payment at the end
- No prepayment penalty
- Fixed APR (annual percentage rate) for the life of the note
- Secured by a recorded deed of trust or mortgage
- Warranty deed delivered to you at payoff
What to keep in mind
Seller financing is still a serious commitment. Read every document, understand the late payment terms, and choose a payment you can comfortably carry. This is not an offer to sell or an offer of credit. Every property and every seller financing term is subject to our review and approval and is not guaranteed. Nothing in this article is an offer to sell or an offer of credit.
This article is general information, not legal or financial advice, and not an offer to sell or an offer of credit.
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