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Select from 100's of homes that qualify, we let our clients:
📍 Pick any location
🏚️ Select just about any house FOR SALE
💲 Decide the offer amount
📅 Pick the closing date
🔍 Search Contract for Deed MN Listings
No other service compares.
MN Contract for Deed
$95,000+ Household Income
ANY Credit Score
10% - 20% Down Payment
Satisfy CD Within 3 - 5 years
Access our Anoka County MN Contract for Deed homes inventory today.
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Learn how to MN Contract for Deed in MN with your local expert Brain Zimpel
REMAX Professionals
MN Contract for Deed Agent
Brian Zimpel
612-412-5561
Hey Twin Cities & Greater Minnesota,
Zimpel Home Group @ REMAX Professionals here to guide you through a unique service my Team offers called Contract for Deed.
Select from 100's of homes that qualify, we let our clients:
📍 Pick any location
🏚️ Select just about any house FOR SALE
💲 Decide the offer amount
📅 Pick the closing date
🔍 Search Contract for Deed MN Listings
Ultimately, when buying, this is no different than a "traditional transaction". This is your home, you decide what is best for you. Do you want a home inspection? Do you want a fixer upper or something a bit more move in ready? Perhaps new construction? We want you to find the perfect home and be your resource for creative financing.
👉 First, get access to our Top cities for Contract for Deed homes in MN.
A contract for deed, also known as seller financing, owner financing, C4D, or installment sales contract, is a type of seller financing or owner financing arrangement where the seller retains the legal title to the property until the buyer fulfills the payment terms outlined in a purchase agreement. For our service the term is a 3 or 5 year balloon contract amortized at a 25 year rate. Essentially, the buyer makes monthly payments directly to the seller/investor, and once the terms of the agreement are completed, the seller transfers the property title to the buyer.
This method offers a unique opportunity for those looking for mortgage alternatives. It is also referred to as a land contract, bond for deed, or agreement for deed, and it can provide flexibility for buyers who may not qualify for traditional financing options.
My Team understand the limitations that banks can be bound by when working with Freddie Mae & Freddie Mac regulations. Even though you financially have the funds for a down payment and can make monthly payments if you don't fit in their perfect little box you can be denied financing for many reasons. Most people can be denied traditional financing because of:
Limited/Bad Credit
Working on United States Citizenship
Recent Short Sale/Foreclosure
Issues Sourcing Income/Assets/Deposits
Collections/Judgments
Recent Bankruptcy
Tax Liens
Divorce
Self Employed/1099
Own Business & High Write Offs
High Debt Balances
High Debt-to-Income Ratio
Student Loans
Past Due Child Support
Lack/Limited Work History
And the list goes on. If this sounds all to familiar we have a simplified solution for you. Our approval process is not only easy but in most instances approvals can be in as little as 24 hours.
If our clients can show readily available funds for a down payment 10-20% and income for monthly payments you most likely will be approved. My Team does look at total debts and liens/judgements against you, but our goal is to finance everyone.
You will be provided a 3 or 5 year balloon amortized at 25 years. We properly document the transaction with a title company (First American Title) that specifically works closely with the Attorney General and Department of Commence in Minnesota to assure all laws and procedures are recorded properly.
You also will be provided a deed that you record at the county.
The primary differences with our service vs traditional financing is simple. Instead of a 30 year mortgage you will be provided a 3 or 5 year balloon. In that period of time you have several options. You either work on credit/limitations that prevented you from going a traditional route in the first place during the balloon period so that you can refinance out of the contract for deed, you pay off the contract for deed during the balloon period, or sell and start over when the balloon period is about to expire. Instead of "Wells Fargo/US Bank" as a lien holder on title, it will be our Contract for Deed Team.
The costs can vary depending on several factors, usually the primary factors are interest rates and your down payment. When my Team purchases your home of choice they finance the home on a Commercial Loan. Depending on the home/commercial property and it's location the commercial loan may require a 20% or 25% down payment. Since my team only requires a down payment of 10% your rate will vary vs a larger down payment.
Acquisition & Transaction Costs:
Here is a general idea of how costs get paid for services @ 15% down payment. Refer to this is an example as details change with an ever evolving market.
Acquisition Fee: First year there is a 5% acquisition fee cost, every year after the acquisition fee is 1% for every year you borrow money/hold the balloon. (All costs are due on backend of the deal)
Closing costs: 3% -This cost covers loan origination, closing fees, appraisal fees, and other transaction costs. Most time we can incorporate these fees into the offer!
Still have questions? Lets connect @ 612-412-5561 or contact me @ Contact Form
Criteria and much more you need to know prior to applying for MN Contract for Deed.
Get familiar with common questions and concerns prior to applying for our MN Contract for Deed.
Access & review important docs involved during the MN Contract for Deed transaction.
Contract For Deed MN Homes
$95,000+ Household Income
ANY Credit Score
10% - 20% Down Payment
Satisfy CD Within 3 - 5 years
MN Contract for Deed Specialist
612-412-5561
Today | By Appointment |
Hours 900am-900pm by appointment.
Contract for Deed - New Construction Home Lake Elmo MN
Contract for Deed - New Construction Home Oakdale MN
Contract for Deed - New Construction Lake Elmo MN
Are you dreaming of homeownership but struggling with bad credit? Explore the option of a Contract for Deed, a viable solution for those looking to buy a house with bad credit or as a first-time homebuyer with less than perfect credit. In Minnesota, where first-time homebuyer loans with bad credit may be challenging, a Contract for Deed offers an alternative path to homeownership.
With a Contract for Deed, you can bypass traditional lenders and directly negotiate terms with the property seller or one of my Teams partnered investors, including the option of seller financing in MN. This arrangement is particularly beneficial for first-time homebuyers facing credit challenges, as it provides an opportunity to secure a home without the stringent requirements of conventional loans. Additionally, Contract for Deed payments can be calculated using online calculators, allowing you to plan and budget effectively.
To find Contract for Deed homes, use specific search terms such as "contract for deed homes for sale" or "contract for deed homes near me." In Minnesota, where the real estate market offers diverse options, you can discover a range of Contract for Deed homes in various locations.
Whether you're seeking homes for sale in MN through a Contract for Deed or exploring the option as a seller, understanding the intricacies of this arrangement is crucial. Contract for Deed homes are available throughout Minnesota, providing a flexible and accessible route to homeownership, especially for those facing credit challenges.
Don't let bad credit hinder your homeownership dreams. Embrace the possibilities offered by MN Contract for Deed, including the option of seller financing, and take the first step towards securing your own home, despite credit constraints.
Let local expert Contract for Deed Specialist Brian Zimpel walk you through the process today and help you decided if this opportunity is right for you.
Find any home for sale. Investor will buy on terms you provide and offer you seller financing via Contract for Deed!