No bank approval. No lengthy application. No excessive fees. If you want to buy land in Palm Bay, Florida, owner financing may be the simplest path to ownership — and we've been offering it since 2003.
What Is Owner Financing?
Owner financing (also called seller financing or a land contract) is an alternative to traditional bank mortgages. Instead of borrowing from a bank, you make payments directly to the property seller. The seller acts as the lender.
For vacant land purchases, owner financing is often the only practical option. Banks rarely lend on raw land, and when they do, they require high down payments and other fees. Owner financing bypasses all of that.
Browse our available lots to find one that fits your budget
How Our Owner Financing Works
Here's the step-by-step process when you buy land from us with owner financing:
Step 1: Choose Your Lot
Browse our inventory and find a lot that fits your needs and budget.
Step 2: Pay Your Down Payment
Minimum 30% down for an option contract, or 40% down to receive the deed at closing. The interest rate is 10% fixed (12.33%–12.58% APR*). Visit our financing terms page for full details.
Step 3: Sign the Contract
You'll receive an option contract that secures your right to the property and outlines payment terms.
Step 4: Make Monthly Payments
Pay your agreed monthly amount until you've paid 40% of the total purchase price. At that point, the deed transfers to your name.
Step 5: Receive Your Deed
Once 40% is paid, you get the deed. Continue making payments until the lot is paid in full. You can also pay off early with no prepayment penalty.
Sample Owner Financing Terms (Option Contract)
Here's an example with a $25,000 lot using our option contract model. See our financing terms page for complete details.
| Purchase Price | $25,000 |
| Option Payment (30% min) | $7,500 |
| Amount Financed | $17,500 |
| Interest Rate / APR | 10% fixed / 12.33%–12.58% APR* |
| Term | 120 months (10 years) |
| Monthly Payment | $231.26 (financing charge paid at closing) or $254.39 (financing charge financed) |
| Deed Transfer Point | After 40% paid ($10,000) |
*APR is 12.33% if the 10% financing charge is fully financed, and up to 12.58% if it is paid in full at closing. Example: $25,000 lot, $7,500 (30%) down, $17,500 financed at 10% fixed for 120 months ($231.26/month if the charge is paid at closing; $254.39/month if it is financed). Subject to approval; terms may vary.
Our Lot Protection Guarantee
Buy with confidence. If there's ever an issue with a lot you buy from us, you can exchange it within the same year you bought it for another lot of the same price and size category. There are no holding costs and no recording fee during the option contract; fees apply after the deed transfers. If prices have gone up, your lot is credited at the new price toward the new lot.
We've seen buyers who purchased land elsewhere get stuck with problem lots they couldn't build on or had to spend money to fix. With us, you're protected.
Benefits of Owner Financing
Personal Approval Process — We look at you as an individual, not just a credit score. We pull credit and review it (unless you have a recent report), but we listen to life events that may have caused past issues. You'll only be disqualified if you have a habit of not paying your obligations.
Skip the Bank Hassle — No bank application, no excessive fees, no lengthy approval process.
Faster Closing — Close in 2-3 weeks, not 45-60 days. No excessive fees, and in most cases, we provide same-day approval — not weeks waiting for a decision.
No Prepayment Penalty — Pay it off early anytime.
Who Uses Owner Financing?
Owner financing isn't just for people with credit problems. Our buyers include:
- Self-employed individuals who have income but irregular documentation
- Buyers with little or no U.S. credit history
- Investors who prefer not to tie up bank credit lines
- Buyers on a fixed income who don't want to deplete savings
- First-time buyers who want to build credit through on-time payments
See available lots and get started today
Is Owner Financing Right for You?
Owner financing is ideal if you want to buy land but don't have (or don't want to use) traditional bank financing. It's a legitimate, widely-used method for land purchases throughout Florida and beyond.
One thing we do differently: Many sellers who offer owner financing use a contract for deed that keeps the deed in the seller's name for the entire loan term. We do it differently — we transfer the deed to you at 40% paid. With our option contract, this typically takes about a year if you make minimum payments, or shorter if you make additional principal payments.
The key is working with a reputable seller who offers transparent terms and has a track record of successful transactions. I've been doing this since 2003 — call me to discuss your situation.
Ready to Buy Land in Palm Bay?
Browse our current inventory of owner-financed lots throughout Palm Bay and Brevard County. Lots start at $41,000. Owner financing available, call for terms.
Browse Available Lots | View Current Listings | Contact Vahid Directly
Or call/text: 321-333-7230