The biggest hurdle most future land buyers face is dealing with their credit history. Nearly a third of Americans have a credit score below 601, which is considered bad. Last year, it was reported by CNBC that one in 10 Americans have no credit at all.
Establishing credit can be more difficult for Mexican Nationals or foreign immigrants wanting to immigrate to the United States. Due to their credit history, many people are afraid of being rejected when trying to purchase land, but this doesn’t have to be the case. When looking into buying land, one great question to ask is if owner financing is available.
What is Owner Financing?
Owner financing, or seller financing, is when a landowner finances their purchase directly through the seller. That’s just a fancy way of saying that a loan is provided by the seller to the purchaser. Santa Cruz Properties offers this option to cut out all of the hassle that comes with closing costs, bank loans and credit histories while offering more flexible rates and better loan terms.
Don’t Worry About Credit Checks
It’s far too common for people to be turned away from the land they’ve always wanted due to their credit history. With our owner financing services, however, you won’t have to experience the stress and worries that a bank loan can bring. For a lot of owner financing options, being approved requires a down payment and, depending on the seller, proof of ability to repay the loan, like a steady paycheck.
It’s Available to Non-Citizens
When moving to the United States, many banks are hesitant about lending money to a non-citizen with no credit history. Unfortunately, even if you had good credit at a banking institution in your home country, your credit score does not carry over into the United States. This makes things like taking out loans, applying for credit cards or getting financial assistance difficult. Your dreams of owning land might be hindered if you’re denied a loan; however, with our owner financing services, your dreams can still come true.
Save on Closing Costs
Closing costs are fees paid for the closing of a real estate transaction. Sometimes they can include a longer waiting period. By using our owner-financing services, not only will you and your loved ones be able to save a bit of extra cash on these costs, you might also save time on waiting periods. Both parties can benefit from the time saved and the closeout of the sale.
Working With You
Santa Cruz Properties wants to help people from all walks of life to have the opportunity to buy land. We know that making such a purchase is a big step, which is why we want to make it as easy as possible. At Santa Cruz Properties, we work with you on what your budget should be to make your payments easily affordable. Depending on your budget and the location you choose, your monthly payments can be as low as $330 a month! We have so many different lots for sale that we know you and your family will love, from half-acre to three-acre areas of land! We also have 10+ acres available for your perfect ranchito!
What Are You Waiting For?
Find the perfect land for your family today! Santa Cruz Properties is determined to make things easier for you and will answer any questions you might have. Our mission is to make land ownership not only possible, but also easy for people who previously thought it was out of reach. Contact us in Edinburg today at 956.383.0868 for more information.