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Simplify Your Home Purchase –  Contract for Deed / Land Contract Explained

WHAT IS A CONTRACT FOR DEED / LAND CONTRACT?

A Contract for Deed / Land Contract is an alternative financing option that allows you to make payments directly to us over a set period.

Unlike traditional mortgages, this method provides flexibility for those with unique financial situations, ensuring you can move into your new home sooner.

A Contract for Deed / Land Contract is an alternative financing option that allows you to make payments directly to us over a set period. Unlike traditional mortgages, this method provides flexibility for those with unique financial situations, ensuring you can move into your new home sooner.

Is Contract for Deed / Land Contract Right for You?

Who Should Consider This Option? Contract for Deed / Land Contract is perfect for buyers facing:

  • Credit challenges or limited credit history
  • High debt-to-income ratios
  • Self-employment or inconsistent income
  • Recent bankruptcy or foreclosure
  • Recent job changes or lack of 2-year work history
  • Divorce or other personal circumstances

Benefits of a Contract for Deed / Land Contract

We offer flexible and innovative financing solutions to help you secure the home of your dreams. Whether you have faced challenges with traditional lending or are simply exploring your options, we are here to guide you every step of the way.

1

Flexible Qualification

Ideal for individuals with limited credit history, new jobs, self-employment, or other financial constraints.
2

Faster Closings

Avoid the lengthy traditional mortgage process with quicker transaction times.
3

Customized Terms

Negotiate terms that suit your specific needs, including down payments, interest rates, and payment schedules.
4

Immediate Possession

Start living in your home while making payments, gaining equitable title from the start.
MN Contract For Deed Home Loan

How the Contract For Deed process works

1

Shop For a Home

Begin by selecting the home you wish to purchase. There are no limits on the type or price of the home, giving you the freedom to choose the perfect property for your needs.
2

Personal Situation Review

Once you’ve chosen a house, we will review your personal financial situation. This includes evaluating your credit history, income, and any other relevant factors. We understand that many people have less-than-perfect credit and may have faced challenges such as bankruptcy, which can make traditional financing difficult.
3

Fit Assessment

We assess whether the chosen property and your financial situation fit all parties involved. Our goal is to ensure that the arrangement is beneficial and feasible for both you and the seller.
4

Purchase and Contract Setup

If everything aligns, we proceed with purchasing the house on your behalf. Simultaneously, we set up the Contract for Deed / Land Contract agreement, which involves selling the house to you under this alternative financing method.
5

Move In and Make Payments

After the contract is set up, you can move into your new home and begin making payments directly to us as per the terms of the Contract for Deed / Land Contract. We provide support throughout the process to ensure a smooth transition to homeownership.

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!

How does a Contract for Deed / Land Contract differ from a traditional mortgage?

How does a Contract for Deed / Land Contract work?

What are the benefits of choosing a Contract for Deed / Land Contract?

Benefits include flexible qualification criteria, faster closing times, customized terms, and immediate possession of the property. It’s a good option for those with credit issues, self-employment, or other financial constraints.

Who is a good candidate for a Contract for Deed / Land Contract?

What happens if I miss a payment?

Can I sell the property before completing the Contract for Deed / Land Contract?

Yes, but the terms and conditions of your contract and state laws will dictate how this can be done. You may need the seller’s permission, and the outstanding balance on the contract must typically be settled.

Are there any tax implications with a Contract for Deed / Land Contract?

Both buyers and sellers may face specific tax implications. Buyers may be able to deduct interest payments, and sellers might have to report the income differently. It’s advisable to consult with a tax professional to understand your specific situation.

Can I make extra payments or pay off the contract early?

Most Contract for Deed / Land Contract agreements allow for extra payments or early payoff, but it’s essential to check your specific contract terms for any prepayment penalties or conditions.

What types of properties can be purchased with a Contract for Deed / Land Contract?

A Contract for Deed / Land Contract can be used to purchase various types of properties, including single-family homes, multi-family units, commercial properties, and investment properties. The key is finding a seller willing to offer this financing option.

How do I start the process of buying a home with a Contract for Deed / Land Contract?

Begin by contacting our team for a consultation. We’ll discuss your financial situation, help you find a suitable property, and guide you through negotiating the contract terms with the seller. Our goal is to make the process as smooth and straightforward as possible.

Meet our Wisconsin & Minnesota-based Contract for Deed LLC Team

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!

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Contract For Deed LLC Closed Houses Map
1
Ranch Rd, Woodbury MN 55129
2
Anderson Alle, Askov, MN 55704
3
James Ave N, Minneapolis, MN 55412
4
Evergreen Ln N, Maple Grove, MN 55369
5
Janero Ave S, Cottage Grove, MN 55016
6
Addison Way, Big Lake, MN 55309
7
105th Ave, Corcoran, MN 55374
8
Snowy Owl St NW, Ramsey, MN 55303
9
97th St SE, Becker, MN 55308
10
200th Ct N, Forest Lake, MN 55025
11
15th Ave S, Minneapolis, MN 55407
12
Flag Ave N, New Hope, MN 55428
13
16th Ave S, Minneapolis, MN 55404
14
80th Ave, Milaca, MN 56353
15
24th St W, Zimmerman, MN 55398
16
8th St SW, Backus, MN 56435
17
Major Dr N, Brooklyn Park, MN 55443
18
Hamline Ave N, Lexington, MN 55014
19
Highridge Trail, Esko, MN 55733
20
Geranium Ave E, Saint Paul, MN 55106
21
Edgewood Dr, Hudson Twp, WI 54016
22
Bayhill Rd, Dellwood, MN 55110
23
20th Ave S, Minneapolis, MN 55407
24
Knob Hill Ln, Burnsville, MN 55337
25
Farrington St, Saint Paul, MN 55117
26
310th Ave, Brook Park, MN 55007
27
95th St NE, Otsego, MN 55330
28
Cottage Grove Alcove, Woodbury, MN 55129
29
126th Ave N, Rogers, MN 55374
30
Magnolia Ave E, Saint Paul, MN 55117
31
Lower Mill Ave, Rogers, MN 55374
32
County Rd 132, Kettle River, MN 55757
33
Great Ridge Trail, Park Rapids, MN 56470
34
Flagstaff Rd, Tomah, WI 54660
35
Mendota St, Saint Paul, MN 55106
36
Hudson Rd, Saint Paul, MN 55106
37
Blaisdell Ave S, Richfield, MN 55423
38
Jackson St, Saint Paul, MN 55103
39
Capitol Heights, Saint Paul, MN 55103
40
Telemark Ln NW, Rochester, MN 55901
41
Kent St, Saint Paul, MN 55103
42
10th Ave S, Minneapolis, MN 55404