Owner financed land for sale near me

Owner finance is a land financing arrangement where buyers make payments directly to land owners. These land contracts typically take the form of a promissory note, with the land buyer making monthly payments to the seller. Flexible lease purchase agreements might also be available through rent-to-own land contracts.

Owner financing can simplify land buying and enable purchases not possible with conventional land financing. The closing process can also be faster and cheaper. Seller financing terms often involve a higher interest rate and down payment than traditional mortgages.