Financing / Seller Financing
Common for land

Seller Financing

The seller acts as the bank. Common for land, camps, and properties banks won't lend on.

With seller financing, the seller accepts payments over time instead of all cash at closing, usually secured by a mortgage or land contract recorded against the property.

Good Fit If

  • The property is hard to finance conventionally (raw land, camps, fixer-uppers).
  • You don't fit a bank's documentation boxes but have a solid down payment.

Know This

  • Everything is negotiable: down payment, rate, term, and balloon date.
  • Always have a real estate attorney draft and record the paperwork — it protects both sides.
  • Sellers: get tax advice on installment-sale treatment.
General information only — not a loan offer or financial advice. Program terms, limits, and rates change; confirm current details with a licensed lender.