I want to buy land but I don’t have enough for a down payment. I don’t qualify for most loans due to no credit history. How can I buy and purchase property? I have enough income and some savings for a low down and I was wondering if owners would consider selling to me despite my situation? I am willing to pay at a higher interest rate as long as someone gives me a loan. by lydia346 from Kensington, Maryland. Dec 16th 2021
Unfortunately it doesn't sound like your current situation fits any typical lender loan products. Contract-for-deed, or also know as a land contract or seller financing may be your only option. They are out there... Good luck. I lend in MN WI IA ND SD. Find me at FirstTimeHomeBuyer-MN.com - Cambria Mortgage, NMLS 274132
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