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Owner Financed Land for Sale

Elegment Land finances its own land, so you buy directly from us with no bank loan. You make a down payment, typically 10% to 30% of the price, then monthly payments to us. The deed is recorded in your name at closing, you can build and live on the land while you pay, and there is no prepayment penalty.

Deed in your name at closing · No prepayment penalty · No closing fees when you close with us

Call or Text 970-420-2440

How does owner financing work with Elegment Land?

We are the owner and the lender, so the whole purchase happens with us. Every lot we list shows its cash price and its owner financing terms: down payment, monthly payment and number of months. Here is how a purchase works.

  1. Pick your lot. Compare the cash price and the financing terms on the lot page.
  2. Reserve it with $900. The reservation fee counts toward your down payment.
  3. Pay the rest of your down payment and sign. We record the deed in your name, and we hold a deed of trust until the land is paid off.
  4. Make your monthly payments. You can build and live on your land during this time.
  5. Pay it off whenever you like, with no penalty. We record a release of lien with the county.

What are typical owner financing terms?

Down payments typically run 10% to 30% of the price, and our interest rate is typically 10% to 12%, depending on the Federal Reserve’s benchmark rate. Smaller lots usually pay off over 60 months, and larger homesites over 10 to 20 years. Most of our lots offer owner financing.

Cash price Typical down payment Typical term Typical interest rate Typical monthly payment
Under $15,000 Under $5,000 5 years 10% Under $300
$15,000 to $49,999 $3,000 to $15,000 5 years, up to 20 10% About $350 to $850
$50,000 to $99,999 $5,000 to $30,000 10 to 20 years 10% to 12% About $400 to $1,000
$100,000 and up $5,000 to $50,000 20 to 30 years 10% to 12% About $950 and up

Monthly payments include principal, interest and processing. Each lot page shows its exact terms.

Land with owner financing

83 Listings

What does a monthly payment look like?

Say you buy a $9,900 lot. You put $2,900 down and finance $7,000 at 10% over 60 months. Your payment is $178.73 a month, which includes principal, interest and processing. Two more examples are below.

Example Cash price Down payment Amount financed Interest rate Term Monthly payment (includes processing)
Small lake lot $9,900 $2,900 $7,000 10% 60 months $178.73
Turn-key RV lot with hookups $46,900 $6,900 $40,000 12% 90 months $706.12
1-acre homesite $69,900 $14,900 $55,000 12% 240 months $635.60

What happens when you pay off your land?

The deed has been in your name since closing, so payoff simply clears our lien. When the balance is paid, we record a release of lien with the county. You can pay off early at any time with no penalty, and paying early saves you the interest you have not yet paid.

For example, on the $9,900 lot above, paying off after 12 payments takes about $5,864. That saves about $1,275 in interest compared with making all 60 payments.

Owner financing or a bank land loan?

A bank decides on your loan by reviewing your credit, income and the land, and its fees and terms vary by lender. With us, you deal with one owner from reservation to payoff. Here is how the two compare.

Elegment Land owner financing Bank land loan
Who approves you Elegment Land, the owner of the land The bank, through its own underwriting
Credit No credit check on select properties Credit score and history reviewed
Closing costs No closing fees when you close with us Lender and title fees vary
Paying off early No prepayment penalty Depends on the loan

Prefer a bank? Our financing page lists land loan lenders we have worked with.

Where we offer owner financed land

Looking for a specific use? Browse our RV lots for sale and mobile home lots, most of which offer owner financing.

Every Elegment listing includes

  • The cash price and, on financed lots, the down payment, monthly payment and number of months
  • GPS corner coordinates and a map link so you can walk the boundary yourself
  • Utilities, access and the rules for RVs and homes
  • The most recent annual property taxes
  • A deed recorded in your name at closing
  • Surveys and county plat maps when available

800+ buyers since 2016 · BBB A+ accredited · 40+ five-star Google reviews

What our buyers say

Easy Land Purchase

Keep up the good job. Thanks for all the assistance. Thanks to Xing as well. God bless and sure if you have other pieces of property like this I would buy again from you and even recommend family and friends. Your guys made it easy. Happy New Year and God bless!

Kathrin E.
Land Owner in Texas
Rated 5 out of 5 stars

Flawless and Professional

My experience with this company was flawless. Andrew was very nice and professional.

RACHEL G.
Land Owner in Texas
Rated 5 out of 5 stars

Owner financing questions buyers ask us

Do I need good credit?

No bank is involved, because we finance our own land. Select properties need no credit check at all. Call or text us at 970-420-2440 and we will tell you which lots qualify.

What interest rate do you charge?

Our rate is typically 10% to 12%, depending on the Federal Reserve's benchmark rate. Each lot page shows the down payment, monthly payment and number of months for that lot, so you know the full schedule before you reserve.

How much do I need to put down?

Typically 10% to 30% of the price. On our smaller lots, the down payment is usually a set dollar amount, often under $5,000. Your $900 reservation fee counts toward it.

Can I build or live on the land before it is paid off?

Yes. The deed is recorded in your name at closing, so you can build, place a home or park your RV and live on the land while you pay, as long as you follow the county rules and any restrictions for that lot.

Who pays the property taxes?

You do, starting with the current year at closing. Property taxes are your responsibility as the owner, and nearly every lot page shows the most recent annual tax amount so you can plan for it.

How do I hold a lot?

Reserve it online with a $900 reservation fee. That secures the lot, and the full $900 counts toward your price or down payment. The fee is non-refundable, so call us with any questions before you reserve.

Can I close through a title company?

Yes. Closing in-house with us has no closing fees. If you would like to close through a title company and buy title insurance, tell us when you purchase. Title company costs are paid by the buyer.

Own your land, one month at a time

No bank, no waiting on an approval letter, just land in your name and a payment you can plan around. Browse our lots with owner financing, or call or text 970-420-2440 and tell us your budget. We will show you what fits.

Call or Text 970-420-2440