Are you having trouble getting approved for a mortgage?
Are you having trouble getting approved for a mortgage?
We find solutions
to get you approved
where traditional banks look for ways to decline you...
We find solutions
to get you approved
where traditional banks look for ways to decline you…
Welcome to Contract for Deed, LLC - Leading the Way in Minnesota & Wisconsin Homeownership Solutions
Our mission to simplify homeownership in Minnesota and Wisconsin starts with elevating our community by delivering a 6-star level of service experience, characterized by exceptional communication, comprehensive education, and a commitment to treating every client as family. In Minnesota, this is known as a Contract for Deed, while in Wisconsin, it is referred to as a Land Contract. Unlike traditional mortgage companies that often seek reasons for decline, we are dedicated to finding innovative ways to secure approvals and make homeownership dreams a reality.
What is a Minnesota Contract for Deed or a Wisconsin Land Contract?
A Contract for Deed / Land Contract is an alternative financing option for purchasing real estate. Unlike traditional mortgage loans, where the buyer obtains immediate ownership of the property, a Contract for Deed / Land Contract allows the buyer to make payments directly to the financier over a set period of time. This is an ideal solution for individuals who may have difficulty obtaining a traditional mortgage due to credit history or other financial constraints.
At Contract for Deed, LLC, we specialize in facilitating these types of transactions, offering tailored solutions to meet the unique needs of our clients. Our experienced team provides comprehensive guidance throughout the process, ensuring that both buyers and sellers understand the terms and benefits of their agreements. By working with us, you gain access to a network of professionals dedicated to making homeownership accessible and achievable, even if traditional financing options are not available to you.
See how much money you can be approved for today!
Enter your details below to receive personalized financing options tailored to your unique needs. Every situation is different, so let's explore how to secure your Contract for Deed / Land Contract today!
Who Should Consider a Contract For Deed / Land Contract?
Life can present many challenges, but that shouldn’t deter you from achieving your dream of homeownership. We understand that personal situations vary, and we are here to assist those who have experienced:
- Limited credit or credit issues
- Collections or judgments
- Recent short sale or foreclosure
- Recent bankruptcy
- Mortgage late payments
- Student loan debt
- Tax liens
- High debt-to-income ratio
- Difficulty sourcing income, assets, or deposits
- The need for a quick closing date
- A new job or lack of a 2-year work history
- Recent divorce
- Self-employment or 1099 income with no reported income on paper
- Recent arrival in the United States
- The need for Islamic financing
- Has a down payment but was declined by traditional mortgage lenders
- Frustration with submitting extensive documentation to traditional lenders
Whatever the reason, everyone deserves a second chance. Together, we can help you achieve your goal of homeownership.
Mapping Where We’ve Made a Difference with a Wisconsin Land Contract or Minnesota Contract For Deed
Let us help you get into your home today!
Why work with Contract for Deed, LLC?
Having 20+ years of experience in real estate, mortgage, and accounting; we possess unparalleled knowledge of the Minnesota & Wisconsin real estate market. Our dedication goes beyond buying & selling homes; it’s about fostering relationships and taking care of the community we call home. We are by your side at every stage, ensuring your path to homeownership is seamless and hassle-free.
The process is straightforward. We buy a home in which you have found and immediately sell it back to you on a contract for deed / land contract. In essence, you are using our credit and relationships with lenders to help you achieve your goal of home ownership.
Advantages of Financing through a Contract for Deed in Minnesota or Land Contract in Wisconsin
- Easier Qualification:
- Buyers with limited or poor credit history may find it easier to qualify for a Contract for Deed / Land Contract compared to traditional mortgages.
- Self-employed individuals or those with irregular income streams can benefit from more flexible qualification criteria.
- Faster Closing Process:
- The process often involves fewer bureaucratic hurdles, allowing for a quicker closing than conventional financing methods.
- Reduced paperwork and fewer third-party approvals speed up the transaction.
- Flexible Terms:
- Buyers and sellers can negotiate terms that suit their unique circumstances, including down payment, interest rates, and payment schedules.
- This flexibility can result in more favorable conditions for both parties.
- Lower Closing Costs:
- Typically, closing costs are lower than those associated with traditional mortgages.
- Savings on appraisal fees, underwriting fees, and other associated costs can be substantial.
- Immediate Property Use:
- Buyers gain equitable title and can occupy and use the property while making payments.
- This immediate possession allows for a smoother transition into homeownership.
- Potential for Custom Solutions:
- Customized contracts can be created to address specific needs, such as lease-purchase options or balloon payments.
- Tailored solutions provide more versatility in structuring the agreement.
- Investment Opportunity for Sellers:
- Sellers can benefit from receiving regular payments and potential interest income.
- Retaining legal title until the contract is paid in full can provide security for the seller.
- Retain Property Control:
- Sellers maintain control over the property until all terms are met, reducing the risk of buyer default.
- In case of default, the process of reclaiming the property can be simpler and quicker than foreclosure.
- Benefit in Appreciating Markets:
- Buyers can lock in the purchase price of the property, potentially benefiting from future market appreciation.
- This can be particularly advantageous in rapidly appreciating real estate markets.
- Alternative to Traditional Financing:
- Provides an option for buyers unable or unwilling to engage with traditional lenders.
- Useful for unique properties that may not meet conventional lending criteria.