When we’re trying to buy a home, we don’t often hear the term Contract for Deed, do we? Most of us will seek traditional financing like FHA, VA, Conventional, Rehab, etc., but we don’t often hear: “I would like Contract for Deed financing.” In addition, how many lenders do you know that have such a finance option available for those who want it? Not many. For professionals unfamiliar with the Contract for Deed program who have received that request, please know that Contract for Deed financing is available. You just have to know where to look for it. In this article, I want to help you understand Contract for Deed financing as well as the pros and cons that accompany it. Hopefully, after reading this article, you will have a clear understanding of the process and know if this is the route you want to explore further.
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