What Is Owner Financing?

Owner financing, also known as Seller financing is a type of real estate agreement that allows the buyer to pay the seller in installments rather than using a traditional mortgage from a bank, credit union or other financial institution.

Aka. No Banks. Just You and Us. Let’s set the best terms with very very low fees so you can afford your dream land.
  • PROS
  • Flexible Agreement Terms
  • No Interests
  • No Credit Check
  • No Early Payment Fees
  • CONS
  • Balloon Payments
  • Fixed Terms
  • Repayment Schedule
  • Higher Priced than Cash Deal

How Are The Terms Set?

Frugal Land Deals offers 3 types of terms for the majority of the properties we offer.  Our payment terms are 36, 48, and 60 months at a 0% interest rate and a one-time downpayment of just $99.

There is no penalty for paying before the term ends. Please check your payment period here. This portal shows you the terms you picked and how much you paid and how many periods are left.

We offer a one-month grace period on your payments. If this keeps happening without any explanations, the contract will be canceled and no refunds will be issued.

FLD Seller Financing Agreements

Land Contracts: What They Are And How They Work

A land contract is an agreement to purchase a piece of property that involves buyers borrowing money from us until the purchase price is paid in full, rather than from a bank, credit union, or financial institution. We refer to this contract as “Contract for the Deed”.

Here’s our sample contract for the deed. These terms state the parcel that was purchased. It states the amount of your payment with how often it needs to be made monthly. The contract will have specific due dates and late fees laid out as well. We also don’t penalize you for paying off the loans early.