Land Financing and Land Loans
Explore local land financing solutions based on your situation, income level, and the piece of property you’re buying.
Flexible Land Financing Options
So you’ve found the perfect piece of land to build your Northern Michigan dream home… what now?
At Great Lakes Land Company, we work with several local financial institutions and offer private land contracts to make your purchase experience painless.
Whether you’d prefer to manage your land financing yourself, or you need a little help, we’re here for you.
Prefer To Work With A Local Credit Union?
We work very closely with several reputable local credit unions to support your property financing needs.
Don’t see your preferred credit union on the list? No problem. We still work with many FDIC-insured institutions… just ask.
Curious About Land Contracts?
Unable or not interested in a traditional bank or mortgage originator land loan? A private land contract may be a solid option.
A land contract is a simplified agreement to purchase a piece of real estate. The buyer makes payments directly to the seller over an agreed-upon period of time. The buyer has the right to occupy the property during the payment period, but the land title doesn’t get transferred to the owner until the contract is paid in full.
With a private land contract, you may be able to get a lower purchase price or interest rate than with a traditional mortgage loan. Plus, you don’t have to go through a long and complicated approval process.
If you’re looking for a way to purchase a piece of real estate and build a home on it, a land contract may be the perfect solution for you. Contact us today to ask about land contracts with Great Lakes Land Company.
Ready to Get the Ball Rolling on Your Property?
Complete the form below and we’ll get back to you to discuss your options shortly.