Land Contract Financing is a type of real estate financing in which the buyer purchases land directly from the seller. Rather than taking out a traditional mortgage, the buyer pays regular installments over an agreed-upon period of time, typically between two to five years. The agreement also includes details such as interest rate, payment amount, and additional fees. In some cases, the seller retains ownership of the property until all payments have been made in full. This is an attractive option for buyers who may not yet qualify for a traditional loan or cannot afford to make a large down payment. With Land Contract Financing, buyers can own their own homes faster and build equity more quickly.