Have A Question?
We’ve gathered a list of the most commonly asked questions about owner financing for Lonestar Land Sales properties. We did the legwork, so you don’t have to!
Why is the owner financing option a great option for me?
If you are a first-time land buyer or an experienced land buyer, owner financing is a great option for you. The process is easy and gives you a relatively quick way to get your land purchased.
Is there a prepayment penalty with owner financing?
With our owner-financing loans, there is no prepayment penalty if you decide to pay off the loan early.
How much do I need to put down for owner-financed land?
The down payment on the owner financing option is lower than your traditional bank financing option, which usually asks for 20%. For the owner-financing loan, the down payment amount is typically 10% of the purchase price.
Do all of your properties have an owner-financing option?
Most of our subdivisions offer tracts of land with owner-financing options, but not all of our tracts offer this option. These tracts go fast, so if you find your dream property, don’t delay and contact us. We are happy to help you with your purchase.
If I qualify for both owner financing and a conventional loan through a bank, which one should choose?
There are many advantages to both options. If it comes down to the choice between the two for you, you need to do what is right for you and your situation. Lonestar Land Sales can help you in this process, and we are happy to answer any questions you have about the land buying and financing process.
Can you build on owner-financed land?
Absolutely! The land is yours and it is now time to start living your dream. Don’t forget to check for any restrictions on the property before you build. Again, Lonestar Land Sales can help you with that!
Have more questions about landowner financing?
Schedule a meeting with your agent today, and let’s unlock the future of owning land together!