When you read through home listings, you may see sellers indicate that they’re open to a contract for deed. However, that doesn’t mean those are the only available options for buying with a CD. The Slow Flip contract for deed allows prospective homebuyers to buy any home on the market.
How the Slow Flip Contract for Deed Provides More Options
In a traditional mortgage, credit is one of the main considerations in determining eligibility. That isn’t the case with the Slow Flip contract for deed. We take a more holistic view of a potential buyer’s financial situation, looking at income, down payment, and contributing circumstances. You can see all of our CD criteria here.
In addition to providing a homebuying option where one may not have existed before, the contract for deed gives more options throughout the buying process. Our CD allows you or your clients to buy any home in the metro area on a contract for deed, not just the homes where the seller is willing to consider a contract for deed. This can significantly open home availability and allow homebuyers to find the homes that will work best for their family and future.
Contact Us to Get Started!
If you or your client has any questions about the Slow Flip contract for deed, or wants to explore the process, get in touch!
The Slow Flip contract for deed program helps families in the Twin Cities metro area of Minneapolis, St. Paul and surrounding suburbs purchase a home using a contract for deed, or CD, when a mortgage is not possible. The Slow Flip contract for deed can be an ideal tool to purchase a home when buyers need time to adjust their income, credit, debts or other financial components so they can eventually qualify for a mortgage.
Are you or your clients interested in learning more about the Slow Flip contract for deed? Contact us at 952-417-0000 today.