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Contract for Deed Loan Program

Home Financing For Bad Credit in Minnesota
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Contract For Deed Financing Loan Program

These terms are subject to change at any time. For the most updated rates please contact us directly.

 There are two home loan options available to borrowers seeking contract for deed financing that are largely dependent on where the property is located within Minnesota. 

For borrowers who are looking to purchase real estate above $500,000 we loan up to a 1M purchase price. Please contact us directly for special financing terms.

Our loan program is strictly based off the borrower’s income and cash down payment. Credit plays no role in the qualification process.

Any borrower can elect the 20% down payment option in order to take advantage of the more attractive loan terms. A higher down payment means less risk to us as the investor, so we are able to pass along the savings to our clients.

10% Down Payment Contract for Deed Program

(up to $500,000 sales price

This financing option covers all of our primary locations served in Minnesota, which include the St. Paul/Minneapolis twin cities area. Certain cities such as Alexandria and St. Cloud are also included.

Loan Terms 10% Down Payment Program:

  1. 5.99%, 30 yr. fixed rate, no pre payment penalty
  2. 10% minimum down payment
  3. Minimum purchase price $200,000 single family house
  4. Townhouse minimum purchase price $150,000
  5. 8% added to contract for deed sales price
  6. 5 yr. balloon payment 

Not sure if you can afford the monthly payment? Use our Monthly Payment Calculator!

20% Down Payment Rural Home Loan Program

(up to $500,000 sales price)

Our 20% down payment rural housing program is used for the rest of Minnesota that does not qualify under our primary location coverage areas, or for borrowers seeking our best financing terms.

Loan Terms 20% Down Payment Program:

  1. 5.85%, 30 yr. fixed rate, no pre payment penalty
  2. 20% minimum down payment
  3. minimum purchase price $175,000 single family home
  4. Townhouse minimum purchase price $125,000
  5. 6% added to contract for deed sales price
  6. 5 yr. balloon payment

Ready to get started? Contact Us Now!

Qualifications and Getting Started With The Pre- Approval Process

  • Minimum total household income of $70,000 (gross for self employed)
  • Bad credit OK
  • Must be owner occupied
  • No land, condos, or commercial property
  • No manufactured homes (must have a foundation)

The following are needed to issue a pre-approval:

  • 2 years most recent tax returns are preferred (bank statements OK for self employed)
  • Electronic statement to verify down payment (sale of property OK)
  • 2 most recent pay stubs if W2 earner
  • Copy of photo I.D such as driver’s license or passport

We need to verify: income, employment, and down payment in order to issue a pre approval. Self employed need to be in business for a minimum of 1 year. We can finance those with brand new employment/change in industries who are W2.

Once the loan application is completed you can go home shopping!


There are Zero Out-of-Pocket Closing Costs During the Purchase

The seller shall pay closing & title fees on our acquisition of property. We do our best to negotiate this without affecting the purchase price, but there is a possibility closing closing costs will get wrapped into the loan amount effecting price marginally.

"When The Banks Turn You Down We're Here to Help"


-Chris Block Owner & CEO

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Why Contract For Deed?

It is the #1 alternative home financing solution since credit is not a qualifying factor for loan approval.

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We would love to hear from you! Please fill out the form below completely, and then provide a brief message so that we can expedite the process of handling your inquiry. Talk soon!


No Credit Check

Bad or no credit is OK! This contract for deed financing program is strictly income & cash down payment based.


Fast & Easy Application

Get an immediate response on loan approval without all the hoops a bank makes you jump through.


Get The Home You Want

Don't let that perfect house slip by because the bank turned you down for financing. All of Minnesota qualifies. Realtors always welcomed.

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1210 Broadway Street,
Suite 240,
Alexandria, MN 56308

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