Frequently Asked Questions

 

  • How does financing work through Land Bank, LLC?

Please see the “How It Works” page to get a better understanding of how we operate and what steps to take. Our owner financing program is based on a 30 year loan at 13% simple interest with no pre-payment penalties. You may pay your loan off at any time without being penalized. You also have the option of making additional principal payments every month with no penalty.

 

  • What are the approval requirements for financing with Land Bank, LLC?

There aren’t set requirements to be approved for financing through Land Bank, LLC. We work with people that have all types of credit. Your approval is at the discretion of the owners and investors of Land Bank, LLC.


  • How is my down payment applied?

Your down payment, which is a minimum of $500, will be applied directly to your principal amount of the loan reducing the amount you are financing.


  • Can I make a larger down payment?

Absolutely. You can put as much down as you want.


  • Can I pay my loan off early?

Yes, you can pay your loan off early with no prepayment penalties.


  • What methods of payment are accepted?

Land Bank, LLC accepts personal checks, money orders, cashier’s checks, and credit cards. Cash is not accepted.