Contract for Deed MN (CD) Financing
Have you been denied a loan approval for a home loan for some reason? This is a great option for people that do not have the best of credit, but have cash to work with. You may be in a situation where you may not be able to get financing for a couple of years due to bankruptcy, foreclosure, self employment, etc. and that is just fine with a contract for deed.
We work directly with local investors that are willing to provide contract for deed financing. The way it basically works … you can look at any property that is available for sale on the market. (Not just contract for deed properties). We will schedule showings and look for houses. You pick out the house. Once you find something you like, the investors will buy the property and do a contract for deed back to you to purchase the home in the future.
The investors will only buy property in the state of MN, and generally within the 8 county metro area. We work with another investor that will look at properties anywhere throughout MN, but they need to include these minimum requirements:
The minimum purchase must be $150,000 or more. The minimum down payment is 10% of the purchase price or $20,000. The 7 county metro areas included are:
• Hennepin County
• Ramsey County
• Washington County
• Dakota County
• Scott County
• Carver County
• Anoka County
• Wright County
Contract for Deed – anywhere in MN!
The investors will also do contract for deed financing anywhere in MN with a minimum down payment of 15%-20%. The more down payment you have, the more flexible the rates and terms are.
These are just a few of the minimum requirements, and there are more, but keep in mind that you can get contract for deed financing to buy the home of your choice without any bank qualifying. Bankruptcy, foreclosure, self employment … these things are just fine for contract for deed financing in Minnesota.
Some of the documents required will be simply to show that you have the down payment – typically your last 2 bank statements will be fine. Also show that you are able to make the monthly payments (this will be those same bank statements, or your current paystubs). The investors will also ask for other documentation such as the last 2 years of tax returns and copy of drivers license, etc. They will want to make sure you are able to complete the purchase of the property within a few years so they want to look at how long it will take to get your credit back into shape.
Contract for deed financing is also available for investment property and commercial properties. You will need a minimum of 15% down payment, and 20% down payment will get you into most options. If it makes financial sense and there is an exit strategy for the investors then we can discuss the options available to you.
Please give us a call if you meet the minimum requirements and ready to get started. We work with several investors and can find a solution for you.
Contract for deed mn financing is also available for investment property and commercial properties. You will need a minimum of 15% down payment, and 20% down payment will get you into most options. If it makes financial sense and there is an exit strategy for the investors and yourself, then we can discuss the options and negotiate a deal that works for everyone. If you do not have the down payment needed for contract for deed, then another option you may want to consider would be a Lease with Option to Purchase or Rent to Own: *https://twincitiesmnhouses.com/rent-to-own/
Give us a call at 651-210-7161 or 651-247-1211 if you meet the minimum requirements and are ready to get started. We work with a few great contract for deed investors and can find a solution for you.
Are you ready to get started ?
We take our customer service very seriously and will respond within 24 hours. Your satisfaction is our number one priority and we look forward to being able to help you in any way that we can. Ask us anything below or feel free to reach out to us via email or phone. Talk soon!