To see if owner financing is available for the property that you are interested in please click on the "PRICING" tab of the property page. 

This amount will vary depending on which property but you can see the requested down payment amount via the "Pricing" tab of the property page.

We have found that everyone has a unique financial situation and we strive to work with you one-on-one in order to navigate towards the best scenario. In order to accomplish this there are a few fundamental questions that we need answered through the following form:

When financed the deed will not be conveyed to the buyer until the final payment has been made on the loan. 

You may do whatever you want within the law and covenants or restrictions of the area (do your own due diligence). You may build on the property, however whatever you build must comply to code (do your own due diligence). If we receive code enforcement complaints and or fines, we will forward them onto you. You will be expected to comply with the county’s request within the timeframe allotted by the county as written in the citation. If unable to comply within that time frame we reserve the right to treat it exactly like non-payment and issue a notice of default giving you a final 30 days to comply. So please comply with code enforcement and land use. We like happy, paying customers. We don’t like taking properties back, especially one where we need to clean off a bunch of un permitted structures.

If loan payments become 30 days late we will send you a notice of default allowing your final 30 days to cure the delinquency. If you, the Buyer, fails to comply with the contract, Buyer will be in default, and Seller may either (a) enforce specific performance, seek such other relief as may be provided by law, or both, or (b) terminate this contract and receive the earnest money and all payments as liquidated damages, thereby releasing both parties from this contract.

Contract for the Sale and Purchase of Real Estate:

This agreement simply outlines the terms and conditions of the sale that you as buyer and myself as seller mutually agree upon. The main highlights of this contract are the purchase price, financing terms, receipt of your down payment, and our guarantee in writing. Without this agreement, there could be some misunderstanding of the terms we both agreed upon and we certainly know that the key to any good relationship is excellent communication without ambiguity.

Promissory Note:

Basically, you promise to pay each month on the specified time. There are no pre-payment penalties. If you don’t pay on time we will have to charge you. If you continue to not pay on time we will try to contact you as best as we can. Don’t make any payments and we will send a certified letter giving you 30 days to make payment before we terminate the contract and take back the property. Nevertheless, if you call us or e-mail us and let us know what is going on we certainly can try to help out.

Land Contract: 

If you don’t make your payments you will be given a 30 day’s notice and then we have the right to take back the property back without going to court. With that said, we understand life happens and we try our best to work with our Buyers depending on the situation.

Below is a short list of sources who provide funding for land purchases. The options provided are ones the managers of Open Road Land have either used personally or have had buyers use to obtain the funding necessary to purchase from us. None of the links below are affiliate links and we are not associated with these companies in any way.

We have found that in recent years banks have become more willing to offer financing on vacant land. It is rare that big banks will provide funding for vacant land as they are typically not as familiar with the local area. Community banks and credit unions will most likely keep the loan in-house meaning they can be more flexible when deciding whether to loan. If you work with a smaller bank or credit union you will most likely have a closer relationship with them.

Working with a  bank or credit union for financing will provide you with some of the best interest rates. We highly encourage looking into this financing option.

If you already own a house and have equity, you could use a second mortgage, home equity line of credit, or home equity loan to finance all or part of your land purchase. This option will provide you with some of the best interest rates. We highly encourage looking into this financing option.

Prosper was founded in 2005 as the first peer-to-peer lending marketplace in the United States. Since then, Prosper has facilitated more than $12 billion in loans to more than 770,000 people. Through Prosper, people can invest in each other in a way that is financially and socially rewarding. Borrowers apply online for a fixed-rate, fixed-term loan between $2,000 and $35,000. Individuals and institutions can invest in the loans and earn attractive returns. Prosper handles all loan servicing on behalf of the matched borrowers and investors. Prosper Marketplace is backed by leading investors including Sequoia Capital, Francisco Partners, Institutional Venture Partners, and Credit Suisse NEXT Fund. 

Most banks will not finance the purchase of undeveloped land. Prosper, on the other hand, doesn't get into many particulars about what you want the money for. In fact, their home repairs/improvements category is likely as specific as you'll ever need to be when applying for one of their loans. Aside from this, loans are generally easier to obtain through Prosper because of their 'community financing' method. Similarly, they guarantee fixed rates, 3-5 year terms and no pre-payment penalties - all very favorable lending conditions for their clients. Plus, the lending decisions are made automatically by evaluating your credit and 'credit worthiness', meaning the loans are approved using the same sort of real time evaluation method used by banks when you apply online for credit cards.