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Tennessee, Perry County, 7.60 Acre

Lot 1 Southwind Ranch, linden, Tennessee 37096

8Picture(s)
7.60Acres
Southwind RanchLot 17.60 AcresSouthwind Ranch is the perfect place to build a rural homestead or cabin in the woods. Not only is the land beautiful, but you'll also have access to the amazing Tennessee River! All tracts have unmaintained dirt frontage or county road frontage with power lines that are accessible along the county road.
$45,000

Tennessee, Perry County, 7.60 Acre

Lot 1 Southwind Ranch, linden, Tennessee 37096
7.60Acres
Southwind RanchLot 17.60 AcresSouthwind Ranch is the perfect place to build a rural homestead or cabin in the woods. Not only is the land beautiful, but you'll also have access to the amazing Tennessee River! All tracts have unmaintained dirt frontage or county road frontage with power lines that are accessible along the county road.
$45,000

Tennessee, Perry County, 7.60 Acre

Lot 1 Southwind Ranch, linden, Tennessee 37096
$45,000

Kentucky, Rock Castle County, 11.51 Acres

Lot 14 Trails End, Mount Vernon, Kentucky 40456

6Picture(s)
11.51Acres
Trails End,Lot 1411.51 AcreThis beautiful land offers rural living at it’s finest with just the right amount of shady trees and open pastures. It’s the perfect place to build that permanent home—either in the middle of one of the sweeping central Kentucky prairies or tucked in close to one of the many tree lines.This lot is being offered for sale with financing.
$49,000

Kentucky, Rock Castle County, 11.51 Acres

Lot 14 Trails End, Mount Vernon, Kentucky 40456
11.51Acres
Trails End,Lot 1411.51 AcreThis beautiful land offers rural living at it’s finest with just the right amount of shady trees and open pastures. It’s the perfect place to build that permanent home—either in the middle of one of the sweeping central Kentucky prairies or tucked in close to one of the many tree lines.This lot is being offered for sale with financing.
$49,000

Kentucky, Rock Castle County, 11.51 Acres

Lot 14 Trails End, Mount Vernon, Kentucky 40456
$49,000

Oklahoma, Pushmataha County, 10.92 Acre

Lot 56 Eagle's Nest Ranch, Clayton, Oklahoma 74536

7Picture(s)
10.92Acres
Eagle's Nest Ranch,Lot 5610.92 AcreEagle's Nest Ranch is a beautiful property located within the rolling hills north of Clayton, Oklahoma. With Sardis Lake located just a short drive away, this property is the perfect location for those who enjoy one of the best fishing areas in Southeastern Oklahoma. Eagle's Nest Ranch offers small clearings of land as well as areas dense with trees.
$34,500

Oklahoma, Pushmataha County, 10.92 Acre

Lot 56 Eagle's Nest Ranch, Clayton, Oklahoma 74536
10.92Acres
Eagle's Nest Ranch,Lot 5610.92 AcreEagle's Nest Ranch is a beautiful property located within the rolling hills north of Clayton, Oklahoma. With Sardis Lake located just a short drive away, this property is the perfect location for those who enjoy one of the best fishing areas in Southeastern Oklahoma. Eagle's Nest Ranch offers small clearings of land as well as areas dense with trees.
$34,500

Oklahoma, Pushmataha County, 10.92 Acre

Lot 56 Eagle's Nest Ranch, Clayton, Oklahoma 74536
$34,500

Carriage Farms

Carriage Farms Farm #7, Gray Court, South Carolina 29645

4Picture(s)
1.55Acres
$19,995

Carriage Farms

Carriage Farms Farm #7, Gray Court, South Carolina 29645
1.55Acres
$19,995

Carriage Farms

Carriage Farms Farm #7, Gray Court, South Carolina 29645
$19,995
23Picture(s)
18Acres
This is the 2nd phase of the very successful Cave Wells Ranch development. Cave Wells Ranch, Phase 2 is located 24 miles west of Menard and 30 miles east of Eldorado off Hwy.190 on Treadwell Lane (County Road). The terrain on the ranch is gently rolling with a good covering of live oak and mesquite trees. Menard County has long been a destination for hunters and outdoor enthusiasts.
$60,300

Cave Wells Ranch - Hunting Destination - Free Ranging Exotics

Texas
18Acres
This is the 2nd phase of the very successful Cave Wells Ranch development. Cave Wells Ranch, Phase 2 is located 24 miles west of Menard and 30 miles east of Eldorado off Hwy.190 on Treadwell Lane (County Road). The terrain on the ranch is gently rolling with a good covering of live oak and mesquite trees. Menard County has long been a destination for hunters and outdoor enthusiasts.
$60,300

Tennessee, Decatur County, 6.2 Acre

Lot 9 Hickory Hill Ranch, Bath Springs, Tennessee 38311

6Picture(s)
6.20Acres
Hickory Hill RanchLot 96.2 AcresHickory Hill Ranch is an incredible property featuring both desirable elevation and beauty, with an easy driving distance from either Nashville or Memphis. This property is situated within the beautiful rolling hills of central Tennessee and just one mile from the Tennessee River.
$23,500

Tennessee, Decatur County, 6.2 Acre

Lot 9 Hickory Hill Ranch, Bath Springs, Tennessee 38311
6.20Acres
Hickory Hill RanchLot 96.2 AcresHickory Hill Ranch is an incredible property featuring both desirable elevation and beauty, with an easy driving distance from either Nashville or Memphis. This property is situated within the beautiful rolling hills of central Tennessee and just one mile from the Tennessee River.
$23,500

Tennessee, Decatur County, 6.2 Acre

Lot 9 Hickory Hill Ranch, Bath Springs, Tennessee 38311
$23,500
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Owner Financing Land News 

Owner-Financing-Land

Benefits of Owner Financing for Your Land Purchase

Buying land is a substantial investment, and many first-time buyers aren’t aware of all their financing choices or may feel intimidated by the process. There are a variety of options when it comes to financing property, but the traditional forms may not always be viable. Have you heard of owner financing? Are you aware of the benefits? Read on to learn why owner financing your land purchase maybe read more…

Owner Financing

It might seem out of the ordinary for a buyer to ask a seller to help buy their home. It is actually a quite common occurrence for a seller whose home is not selling or buyer who is having trouble with traditional lender guidelines. Owner financing is also popular in local real estate markets where the scene is a buyer’s market.

So, what is owner financing, you may ask? Owner financing is when the current homeowner puts up part or all the money required to buy a property. To make things simple, the buyer is borrowing money from the seller instead of taking out a mortgage with a commercial lender. Buyers can choose to fully finance a purchase in this manner or combine a loan from the seller with one received from a banking institution.

When it comes to owner-financing, there are benefits for both buyers and sellers.

Buyers who choose owner financing can reap several advantages:

  1. When it comes to owner financing, there is little or no qualifying.
  2. Buyers and sellers can choose from a variety of loan repayment options or a combination of them.
  3. Without an institutional lender in the picture, there are no loan or discount points, origination fees, processing fees, administration fees, or any other assorted miscellaneous fees that lenders routinely charge which in turn leads to saving money on buyer closing costs.
  4. Buyers and sellers can select from a variety of the following loan repayment options: interest-only, fixed-rate amortization, less-than-interest, or balloon payment (if your state permits it), or even a combination of these options.
  5. Down payments are negotiable.
  6. There is quicker possession without an institutional lender involved.

Sellers who decide to opt-in for owner-financing reap multiple benefits, as well:

  1. The sales price can be higher since the seller is offering to finance. He or she can command a full list price or higher.
  2. The seller may pay less in taxes on through an installment sale, reporting only the income received in each calendar year.
  3. Payments from a buyer increase the seller’s monthly cash flow, creating spendable income.
  4. An owner-financed loan can carry a higher rate of low-risk types of investments.
  5. Offering owner financing is a great way to make a quicker sale. It can draw in a different set of buyers on a property that has been difficult to sell.

As advantageous as it can be, owner financing is a complex process. Let LandHub.com guide you through every step of the way. We thank you for your interest in our services as you sell your land and land your dream.

Owner Financing Frequently Asked Questions

Owner financing is an arrangement wherein the seller of the property either agrees to accept payment in installments or finances the buyer by giving him enough credit. This makes things easier for the buyer as he does not have to go to a bank to secure a loan.

How does owner financing work?

Owner financing is a useful tool that can be used by buyers to purchase property without having to take a mortgage. Mortgages are taken from banks who lend you money. You, then, have to repay this loan to the bank. However, in owner financing, an arrangement is made where you pay the seller in installments along with interest. Such installments are to be paid until the purchase price has been paid off.

Is owner financing a good idea?

Owner financing is a faster way to close a deal. The problem with banks is that you have to go through a lot of red tape to prove income and assets. You have to wait for the loan officer to inspect, their legal team to process documents and approve them. This method may save you money as you do not have to give any bank fees and other costs that come with that, but make sure to compare the interest rates. The down payment arrangement will be flexible as you can negotiate with the sellers. This method comes in handy to those who are unable to secure a traditional mortgage from a bank.

As a seller, is owner financing a good idea?

The most amazing benefit of owner financing is that it is advantageous to the seller as well as the buyer. Just by eliminating the banks, the middle man, both parties enjoy a variety of advantages. The seller can sell the property as it is without having to make expensive repairs that the conventional lenders demand. This is also a safe form of investment as sellers can earn good returns in the form of interest. If the buyer defaults on his payment, the seller can retain the title of the property along with the down payment. As already pointed out above, this is a faster method to close a deal as the buyer does not opt for a mortgage from a bank.

How does owner financing affect taxes?

When one sells his land using owner financing, instead of an ordinary sale, it is considered to be an installment sale. In an ordinary sale, the buyer pays you in a lump sum. However, in an installment sale, the buyer would hand over a down payment on the date of closing and thereon payments until the last installment. When you report a sale as an installment sale, you will be allowed to realize gains over the coming years. Therefore, instead of paying the entire tax in the very first year, you pay smaller amounts of tax and spread the tax over several years.

Who owns the property in an owner financing deal?

In owner financing deals, the purchaser is entitled to the “equitable title”. On the other hand, the seller is the holder of the legal title. The purchaser will be the owner of the property, otherwise, it would amount to leasing.

Can an owner financed mortgage be reported on your credit report?

Owner financed mortgages do not end up on your credit report. This means that you would not receive the boost in your credit that you get when you use a traditional bank loan.

What are the forms of owner financing?

Mortgages and promissory notes are the most common forms of owner financing. The promissory note mentions the borrowing amount and repayment terms. A mortgage, on the other hand, is a different document. It secures the seller in case the buyer defaults.

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