One of the most common questions I get is about interest: how much do you actually charge?
Here is the straight answer, no fine print.
Our owner-financing rates
| If you pay it off in… | Your rate |
|---|---|
| Under 1 year | 0% |
| 2 years | 8% |
| 3 to 4 years | 10% |
| 5 years or longer | 12% |
The shorter the loan, the less interest you pay — and if you pay it off inside a
year, you pay none at all. There is never a prepayment penalty, so paying early always
saves you money.
What’s actually in your monthly payment
This is the part most people are surprised by, so I want to be upfront about it. If you
punch our numbers into a loan calculator online, you will get a smaller figure than the one
on our listing. That is not a hidden fee — it is because a monthly payment with us
covers more than the loan:
- Principal and interest on the balance you are financing
- Your property taxes, spread across the year instead of one annual bill
- A $15/month note servicing fee — the cost of administering the loan
- HOA or POA dues, and any water or sewer fee, where the property has them
Here is a real example of how that adds up:
| Owner-financing price | $13,999 |
| Down payment | $4,200 ($399 document fee + $3,801 toward the property) |
| Amount financed | $10,198 |
| Principal & interest, 3 years at 10% | $329.06 |
| Property taxes ($59.58/year) | $4.97 |
| Note servicing | $15.00 |
| Your monthly payment | $349 |
One payment. Your taxes are handled. No surprise bill in the mail at the end of the year.
What could you afford?
Move the sliders to see what your budget buys, and how the term changes the price.
What can I afford?
Owner financed — no credit check, no qualifying, no prepayment penalty.
| Pay it off in | Rate | Property price |
|---|
An estimate, not an offer. Your rate depends on the term you choose: 1 year 0%, 2 years 8%, 3–4 years 10%, 5 years or longer 12%. Every monthly payment also carries the property-tax escrow (most of our parcels run $5–$25 a month), a $15/month note servicing fee, and any HOA or POA dues on that property. The document fee is due with your down payment and is not financed.
Why I charge interest at all
Let’s say you buy a piece of property and finance it with us. That means I am the one
lending you the money instead of a bank — and most banks simply will not lend on
raw land. They won’t do it.
As a land seller, I want to make it easy for anybody to buy land from me. I’m not always
selling for cash. Some people do pay cash, and they get a discount for it — usually
$1,000 to $2,000 less than someone paying monthly.
When I lend to someone, that is a real sacrifice and a real risk. Say I buy a piece of land
for $5,000 and you pay me $150 a month. Assuming you pay on time and never miss a payment, it
takes me almost three years just to get my own investment back. If a few payments get missed,
much longer. Because of that delay, I charge interest — and I want you incentivised to
pay the property off as quickly as you comfortably can.
That is also why the rate drops the shorter your term is. It is the same reason a bigger
down payment helps both of us.
Why would I choose a longer loan?
Some people don’t have the cash for a large down payment, or they are working to a fixed
monthly budget but really want to own their own piece of land. Maybe they’ve had a tough
few years, or had to declare bankruptcy, and can’t get a loan anywhere. A longer term
costs more in interest, but it gets you on the land now — and you can always pay it off
early without penalty.
No credit check. No qualifying. No prepayment penalties.
The bottom line
I’m happy to help you with your dream of owning land — no matter your situation, no
matter what you’ve been through. If you can make a down payment of a few hundred dollars
and monthly payments of around $100, I have properties for you.
After all, land doesn’t disappear. God isn’t creating any more of it… except
maybe in Hawaii. =-)
Land is stable and can be counted on. Use it for recreation, build your dream home, get off
the grid, or just escape the craziness of a major city for a weekend. Whether you want land in
the cooler parts of Arizona, the mountains of Colorado, or hiding among the trees in Oregon,
there is a property out there for you.
Ready to look?
Browse our available properties —
every listing shows the cash price, the owner-financing price, the down payment and the exact
monthly payment, so you can see the numbers before you ever speak to us.
Questions? Call or text Kristy at (720) 336-1232, or email
sales@genfamland.com. We’re a small family
business and we’re happy to work with your budget.
Land for Generations to Come,
Dave & Kristy
