Home Buyers Contract for Deed Program
Contract for Deed Program PDF Print E-mail

 

The Contract for Deed Program is the perfect opportunity for the person who wants to own their own home, but cannot qualify for conventional financing because of:

1. Lack of funds for a down payment

2. Not on the job long enough to qualify for a bank loan

3. Self employed

4. Poor credit or no credit

With the American Equity Corporation Contract for Deed program, you can fix these problems while you live in the home of your dreams.

Here's an example of how the program works:

1. Let's assume the home price is $179,900 and requires a 5% down payment* for the Contract for Deed or approximately $9000.

2. American Equity Corporation will finance the balance* over a 36 month term at competitive interest rates.

3. You get the tax benefits of the interest deduction on the loan.

4. Assuming an 9% interest rate, your monthly payment is $1375.10 per month (principal and interest based on 30 year loan) .

*For purposes of illustration only. Plus closing costs and points.

Our Contract for Deed program offers the following benefits:

  • No Bank Qualifying

  • Owner Financing

  • Get Approved in 1 Day!

  • As Little as 5% Down

  • Self-Employment OK

  • You get the tax benefits

  • Down Payment Installment Financing Available

View our current offerings for immediately available homes. We can help you buy the home of your dreams.

Register Now for our Buyers Priority List

To set up an appointment to view any home, please call American Equity Corporation at 800-614-9872
 
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