Land Contract and Conventional Financing
1 Reply
John OReilly
from Syracuse , NY
posted about 3 years ago
Hey guys,
First time post here and I just want to say I’m excited to be here. I recently acquired 3 properties via land contract. My question is: how, or if, this will affect me getting a bank loan going forward?
Thanks!
Harjeet Bhatti
Lender from Chicago IL- CDLP
replied about 3 years ago
This will be consider as purchase transaction. You can get loan but make sure you have talk with your lender in advance you know the difference between regular purchase and land contract finance.