Generally speaking, the mortgage rate for a land contract is 1/2 point higher than the regular rate. Shop around for a mortgage broker, they have access to many banks, private lenders and many different programs.
Mkt rate for an LC depends on the buyers qualifications and the sellers motivatin for selling. Basically LC is on a case by case basis. As a side note LC's can be a dangerous arrangement for the buyer and for the seller. Suggest you discuss the pros's and con's with a Realtor experienced with this type of transaction. If you wish to delve deeper call us 937-435-2267 x163 for a one hour free consultaiton. http://www.YourRealtorForLife.net