For seller financing, the land buyer makes a lending agreement directly with the owner of the land, allowing them to skip the hassle of going through a traditional lender. These loans are still carefully regulated, and you can rest assured that the process is both relatively straightforward and very common. Rather than getting a credit check, buyers must provide proof of income, and the details of the loan are negotiated directly between the buyer and seller. An interest rate, down payment, and loan term are agreed to, and the agreement is signed. The buyer pays a down payment up front, and then makes monthly payments on the loan, similar to a traditional mortgage. At the end of the loan term, the buyer will make a final balloon payment to pay off the remaining balance, at which point they will retain full ownership of the property.
See the Benefits of Owning Land in Donna, TX
Buying land is a big decision, but knowing the benefits of buying land in Donna can give you confidence in your choice.
Country Life, City Benefits
Get the privacy, space, and charm of country life in Donna, TX, with the convenience of city life in McAllen, just a short drive away.
A Thriving Community
Donna is home to many young families starting their lives in this lovely part of Texas, building the bright future of the city.
We offer landowners flexibility while maintaining an unshakable commitment to safety and high standards in infrastructure.
Our History: Enabling Generational Wealth in Texas
How to Choose the Right Land for Sale in Donna
Budget
How much does the lot cost, and can you get the financing you need?
Lot Size
How much land do you need? What type of lot is right for you?
Utilities
What utilities are available on the lot, and what do you need?
Location
How convenient is the location? Are there nearby amenities?
Building Options
How restrictive are the building requirements? Can you build what you want?
Your Taste
What does the neighborhood look like? Is it inviting and attractive?
Buy Land With No Credit Check
Seller financing options from Puente Del Sur, LTD, allow buyers to access the land financing they need on their terms.
Low
Costs
Costs
With seller financing, we’re able to offer more competitive pricing on our lots, making land ownership more accessible. Get more for less with seller financing from Magic Valley Services Inc.
Avoid Traditional Lenders
You won’t need to get a credit check or go through the hassle of getting traditional loan approval. Skip the red tape of traditional mortgage lenders with seller financing in Texas.
Streamline
Closing
Closing
Thanks to the simplified lending process, the closing process is quicker, and closing costs are reduced when you use seller financing. You can get your land faster, easier, and cheaper.
Frequently Asked Questions
How does seller financing work?
How can seller financing help me save on closing costs in Texas?
Closing costs are the fees you have to pay for land purchase processing. For land purchases with traditional lending and financing, these fees typically range from about 6% to 10% of the total purchase price for buyers. However, with seller financing, you can dramatically reduce your closing costs, as you won’t need to pay for credit reporting or a traditional loan application.
What utilities are available on your lots?
All roads, drainage, electricity, water, and septic tanks are move-in ready.
Is land a good investment right now?
There’s no denying that there has been a lot of volatility in the economy in general recently, and that has also had some impacts on land investment. However, there are a few key factors that make land a good choice for investment, even now. First, land is a limited resource, meaning the supply of land will never increase and bring down the price as a result. Second, the number of people buying land continues to increase as the population grows, meaning demand generally increases over time and pushes up land values. Also, land does not degrade in the same way that a home or building might: it requires far less upkeep and maintenance compared to other types of investments. Finally, land is a very flexible investment, with your options ranging from buying and building your own home, building a home to rent or sell, holding the land till the value increases, or developing the land in other ways.