That means that the SELLER is financing you; they are holding the paper.
Your Reltor can search for homes that the Seller is willing to finance the Buyer.
There is no Pre-Approval for this.
The Interest rate and terms are totally at the descretion of the Principles.
Good luck and may God bless
Keller Williams Traverse City, MI
P.s. I do follow real estate in Hazel Park... Call it a hobby.
Very carefully! Land contracts must be negotiated, so you do not have a huge interest rate and down payment. you can access my web site for all the current listings and my contact information. Its FREE.
Best Regards, Steve
NMLS # 6395
Financing Kentucky One Home at a Time