NorthStar Development, Inc.
All land tracts qualify for owner financing. The annual interest rate is 7.9% and the advertised term is 20 years. I will finance a land tract for any period of time you wish up to 30 years. I urge my customers to finance over as short a period of time as possible. With a 30 year loan it takes years before you see any significant reduction in your loan balance.
The down payment can be as low as $1,000.00. Of course, the more money you put down, the lower your payments will be. All payment schedules shown on this web-site assume a $1,000.00 down payment, 7.9% interest rate and a term of 20 years. Interest is calculated using the simple-interest method.
A statement will be mailed to you in January of each year showing the loan activity for the previous year. Once you identify the tract of land you want, give me a call and we'll arrange a meeting time and place to sign the documents.