Custom Search

Land Contract

From the end of the seventies until the beginning of the eighties, land contract use was quite popular, having offered more options for financing and paying for deeds than any other form of contract available at that time. It gave people another choice aside from traditional lenders and their standards for qualification which were typically much more rigid.

However, when the regulations for loans started to ease, land contracts started to lose ground in their popularity. This was compounded by the fact that interest rates also dipped under 8 percent. However, though they may no longer be at their highest use in history, this does not mean that they do not continue to exist. IN fact, since 2006, the land contracts has made their way back into the real estate market and has started to reestablish its position as a commonly used real estate sales tool.

Land contracts occurs between the seller of a property and a buyer, allowing the buyer to pay for the purchase over time through installments. Throughout that time the seller retains title (or deed) over the property, until the time that the full payment has been made.

The laws regarding sales through land contract do vary from state to state, so it is important to become familiar with the regulations within the applicable state before entering into the contract.

During the time that the land contract is in place, the property can be changed in order to make improvements or remove them. It can be left empty, or a manufactured home may be placed upon it.

The agreement typically means that monthly payments will be made following a down payment. These monthly payments continue until the amount is completely paid or a balloon payment occurs to complete the fulfillment of the debt. Balloon payments are a lump sum which is separate from the monthly fees and down payment and that occurs at a specific point in time – most commonly at the very end of the term of the land contract.

A land contract is usually most appealing to buyers who are struggling to obtain financing to buy the property through traditional means (such as a mortgage). That being said, it is also advised that sellers proceed with caution – though it is acceptable if they cannot otherwise sell the property at a price attractive to them.

Home Warranty 

Tips for moving 

Home buying checklist

Mobile home parts 

Go from selling manufactured homes to home page 

Do you know business owners who could use some operating capital?

The lenders we use are quite often able to help.

Easy qualifications -- Simple online application -- Fast turnaround.

COMMON USES • Purchasing inventory • Facility expansion • Renting, buying, or leasing equipment • Hiring additional staff • Launching a marketing campaign

Watch video for details!

For pre-approval:

INSTRUCTIONS: To apply for a short-term business loan, please include my broker details listed below on the last two questions of our Prequalification Form via GET STARTED NOW on website. Do You Qualify?

 Our loan specialist will contact you in 1 business day via email/phone.

Copy & Paste Name and Broker ID #

1. Name Of Representative Who Referred You To DAC:

Sue Sebastian

2. BROKER ID# Of Representative Who Referred You To DAC:

ID # DAC4679

Click! Do You Qualify?


3+ months in business (1 year preferred)

$100K+ annual revenues

4 months bank statements

Owners FICO score of 500 or more

Independent Broker  

Sue SebastianDAC4679