NY Land Owner Financing Program
We are New York Land Specialists and we make it easy to buy land in the state of New York, First by selling wholesale New York land, and second, by giving everyone an opportunity to buy land in New York in two ways:
- Making A Cash Purchase
- Our Landowner Financing Program
NY Land Owner Financing Program Advantage
Purchasing land with cash is the most simple and most cost-effective way to buy because when you pay for New York land in full, We give you an additional discount from the already wholesale listed price.
We are able to close when it’s convenient for you, the title will transfer to you as soon as your payment clears and copy will be mailed to the county to be registered. However, if you choose to close with a lawyer of your choosing you must be prepared to cover any additional costs that you may incur.
Think of it just like getting a mortgage from the bank, but without all the hassle, paperwork, credit checks and pre-approvals. With our Landowner Financing Program you make a deposit, sign a purchase and sale agreement, make a down payment, and get on a monthly payment schedule until the property is paid in full.
Once the property is paid in full, the title to the property will be transferred to you and mailed to the county to be registered.
With this option, We are leveraging the land’s equity in exchange for receiving regular payments for the land until it is paid in full. Typically, the land itself is the collateral. However, If you choose to close with a lawyer of your choosing you must be prepared to cover any additional cost that you may incur.
Buyers like our Owner Financing Program because it allows them to leverage their money and invest in more New York land even if they don’t have the full amount of money available at the moment.
NY Land Owner Financing Program Process
We have access to all types of land for sale in New York available, Pick a property of interest and be sure to perform your due dilligence. We can’t stress that enough and if you need any county information such as Recorder of Deeds, Tax Collector office, Assessor office or Mapping / GIS , click NY State County Information for more information.
Note: Enter our New York Land Buyers list gets first access to New York vacant land investment properties for sale before we list them on our website.
Click Secure With Deposit
Simply click the secure Secure With Deposit button to our secured online checkout page. This is where you will need to submit a refundable $500 deposit to secure your interest with the property and start the purchase process. We provide honest and convenient solutions on every transaction to our buyers with bank-grade security for all online credit card and bank payments.
This deposit will be deducted from the full purchase price and recording fees covered by the company. All deposits are fully refundable within 48 hours. – No Questions Asked!. For more information click on Buyer Transaction Protection
Finance Your Land Purchase
When you buy land in New York with us, We offer two paths to fund your purchase. You can pay cash which most buyers find enticing or you can register with our Landowner Financing Program.
Making A Cash Purchase: Purchasing land with cash is the most simple and most cost-effective way to buy because when you pay for New York land in full, We give you an additional discount from the already reduced Full Cash Price.
We simply email a statement to you with the remaining balance due and we are able to close on anytime it’s convenient for you. The land title (typically a Quit Claim Deed, unless otherwise stated) will be transferred to you as soon as your payment clears and copy will be mailed to the county to be registered.
However, if you choose to close with a lawyer of your choosing you must be prepared to cover any additional costs that you may incur.
NY Land Owner Financing Program Qualifications
Landowner Financing: We makes it simple!, After you make a deposit, sign and submit all contracts. We typically ask for proof of identification and current place of residence, perform a check against a database in order to see if you have any IRS liens against you.
The ONLY Disqualifying Reason: Anyone that has IRS liens attach themselves to the property very easily, Otherwise…
- Easy Qualification Process
- We Do Not Perform A Credit Check At All
- Bankruptcies are OK!
- Lower Closing Costs
- Faster Closing Time
NY Land Owner Financing Program Terms
As soon as you take on our Landowner Financing Program, you probably can’t wait until the day when you pay it off. With our program, You choose how quickly you’d like to pay off your note and to ensure you pay your property in full ultimately depends on:
- Down Payment Amount
- Installment Payments
- Loan Amortization Schedule
Down Payment Amount
For down payment amounts, Typically we require 20-25% of the Seller Financing Price and depending on the Seller Financing Price you can own New York land with a minimum of $1000 down!
Also, If you want to want to pay off for your land faster, making a larger down payment is the first pillar to making it happen sooner. You simply let us know before hand the amount you want to pay down. Then we will accommodate the contract for the desired down payment amount, plus make the appropriate installment payment schedule adjustments.
Once we receive the down payment, we inform you of the terms of the loan which will be financed, installment payment schedule that offers flexibility to work with your budget and The loan amortization period (The length of time to pay-off the loan in full).
We make it convenient for you pay your New York land in full Faster with:
- Early Pre-Payments
- Yearly Balloon Payment
- Pay The Remaining Balance In Full Anytime
These options give you the flexibility to pay off the loan of your property sooner with:
- No Penalties for Early Pre-Payments
- No Penalties for Yearly Balloon Payments
- No Penalties for Paying the Balance in Full Anytime
In addition to the flexible terms of the loan which can be paid in full at anytime, You also have the convenience of making payments as low as $100/month until you own the property. For all installment payments, We accept online bank payment (Electronic Funds Transfer or EFT) only and the installment payment will consist of the following:
- Monthly Payment Amount (Principal & Interest)
- Monthly Property Taxes (Escrowed into the Payment)
- Monthly HOA Fees (Escrowed in if Applicable)
- Monthly Note Service Fee
In the chart example below, The first set of payments represents if the purchase price ends up on the low end of the range and the second set of payments being the maximum amount, if the purchase price reaches the high amount in that financing range.
Installment Payment Range are as follow:
|Purchase Price Range||Installment Payment Range|
|$1 – $5,000||Must Be Paid in Full At Time of Purchase|
|$5,001 – $9,999||Monthly payment range of $60.00 to $163.66|
|$10,000 – $19,999||Monthly payment range of $108.73 to $217.40|
|$20,000 – $29,999||Monthly payment range of $157.08 to $314.15|
|$30,000 – $39,999||Monthly payment range of $275.44 to $413..24|
|$40,000 – $59,999||Monthly payment range of $376.07 to $501.41|
|$60,000 +||Monthly payment range of $681.96 to $852.04|
*Note: This is an example of installment payment amounts of principle & interest only.
Loan Amortization Schedule
The time it take to complete our landowner financing program varies because the loan amortization period (The length of time to pay-off the loan in full) depends on the purchase price, down payment amount.
Below is an example of our loan amortization (The length of time to pay-off the loan in full) without a down payment and are subject to change:
|Purchase Price Range||Loan Amortization*|
(Length of Time to Pay-Off the Loan in Full)
|$1 – $5,000||Must be paid in full at time of purchase|
|$5,001 – $9,999||Financed up to 3 years / 36 months|
|$10,000 – $19,999||Financed up to 5 years / 60 months|
|$20,000 – $29,999||Financed up to 8 years / 96 months|
|$30,000 – $39,999||Financed up to 10 years / 120 months|
|$40,000 – $59,999||Financed up to 15 years / 180 months|
|$60,000 +||Financed up to 30 years / 360 months|
*Note: This is an example of loan amortization schedule. Loan amortization schedule are subject to change without notice.
It is very simple, We sell New York land and you want to buy land from us. That’s it! With our Landowner Financing program, We make it our mission to make property ownership affordable for as many people as possible.
If you’re interested in learning more about ways we can work together don’t hesitate to Call Us Now at (888) 247-7604 to discuss the type of land you’re looking for or fill out the quick form below to see if our land owner financing is right for you.