Owner Financing FAQ

Owner financing (also called seller financing) means we -- the property owner -- act as the bank. You make a down payment, then pay a fixed monthly amount over an agreed term (typically 24 to 60 months). Once the contract is paid in full, the deed transfers to your name. No traditional mortgage, no bank approval, no credit check on most parcels.

On most parcels, we do not run a credit check. We evaluate buyers on a case-by-case basis. Our goal is to make land accessible, not to gatekeep with FICO scores. For higher-value parcels, we may ask for additional documentation, but we will always discuss it with you first.

Typically, just a valid government-issued photo ID. We handle the contract preparation. You will receive a land contract (also called a contract for deed or installment sale agreement) that outlines the terms, payment schedule, and deed transfer conditions. We recommend having it reviewed by an attorney if you are unsure.

Life happens. If you miss a payment, contact us as soon as possible. We offer a grace period and will work with you to get back on track. If payments stop entirely and we cannot reach you, the contract may be subject to cancellation per the terms outlined in your agreement. We always prefer to find a solution before it gets to that point.

The deed transfers to your name once the contract is paid in full -- that includes all monthly payments and the down payment. At that point, the property is legally yours, and we record the deed with the county. If you pay off early (which you can do without penalty), the deed transfers sooner.

Yes. There are no prepayment penalties. If you come into money and want to pay off the remaining balance, you can do so at any time. The deed will transfer promptly after the final payment clears.

During the contract term, Acreford handles property tax payments and includes that cost in your monthly payment. Once the deed transfers to you, property taxes become your responsibility. We will make sure you know the annual tax amount before you sign.

If you decide the land is not for you, contact us. Depending on how much you have paid and the terms of your contract, we may be able to work out a voluntary surrender. However, payments made under the contract are typically non-refundable. We encourage you to do your research (visit the property, review the specs, ask questions) before signing.

We are not tax professionals and cannot give tax advice. Generally, property taxes and mortgage interest may be deductible if you itemize, but the rules vary based on your situation and how the contract is structured. We recommend consulting a CPA or tax advisor for guidance specific to your circumstances.

We accept payments via ACH bank transfer, which is the easiest and most reliable method. You will receive payment instructions after signing the contract. Payments are due on the same date each month. We will send you a reminder before each due date.