Financing with Dollar Land Store

How Dollar Land Store Financing Works

At Dollar Land Store, we believe land ownership should be simple, accessible, and flexible. Buyers may choose owner financing for affordable monthly payments or select the cash purchase option to pay in full.

Owner financing allows qualified buyers to purchase land without a traditional bank loan or credit check. Monthly payments are managed through ZimpleMoney, our loan tracking and payment platform.

1. WHAT IS OWNER FINANCING?

Owner financing allows you to purchase property by making monthly payments directly to Dollar Land Store under a Standard Agreement of Sale. No bank loan is required, and there is no credit check.

Once the property is paid in full and all required amounts are satisfied, we prepare the deed transfer documents according to the terms of your agreement. Until payoff and deed transfer, Dollar Land Store remains on title, and certain property-use restrictions apply.

2. HOW MONTHLY PAYMENTS WORK?

Each month, your payment may include:

  • A portion of the principal loans
  • Interest, typically at a fixed rate
  • A monthly loan servicing fee
  • Any applicable property taxes, HOA/POA fees, or other property-related charges disclosed in your payment breakdown

There is no prepayment penalty. You may pay extra or pay off your loan early at any time to save on interest.

Monthly payments are managed through ZimpleMoney. Buyers can use their ZimpleMoney account to make payments, set up automatic payments, view payment history, track loan balance, and review payoff information.

Standard Pay Schedule:

Payments are due on the 1st of each month. A 14-day grace period is provided.

If payment is not received by 11:59 PM PST on the 15th, a late fee of 10% of the monthly payment, or $10 minimum, is applied at 12:01 AM PST on the 16th.

Payment reminders may be sent as a courtesy, but buyers are responsible for making payments on time whether or not a reminder is received.

New Contracts:

The first monthly payment must be completed within 45 days of the down payment. If no payment is received within 45 days, the contract may be considered void, the account may be cancelled, and all funds paid, including the down payment and fees, may be non-refundable according to the terms of the agreement.

3. HOW PAYMENTS ARE APPLIED?

Payments are generally applied in the following order:

  1. Outstanding late fees, returned-payment fees, or other charges, if applicable
  2. Interest due on the current balance
  3. Taxes, dues, or other property-related costs, if applicable
  4. Remaining amount applied toward principal

This payment structure ensures outstanding charges and interest are paid before principal is reduced. Missed or late payments may increase the total amount due and may extend the time needed to pay off the property.

4. LATE PAYMENT POLICY & TIMELINE

For all financed purchases, timely payments are important.

Day 1 (1st of Month): Monthly payment is due.

Days 2–15: Courtesy reminders may be sent, and the buyer may still make payment during the grace period.

Day 16: If payment has not been received, a late fee is applied at 12:01 AM PST.

Days 17–89: Additional reminders or delinquency notices may be sent. Late fees, interest, and other amounts may continue to accrue.

Prior to Day 90: A final reminder or default notice may be sent with a deadline to bring the account current.

Day 90: If the account remains delinquent, the contract may be cancelled, and prior payments may be forfeited according to the terms of the Standard Agreement of Sale and applicable law.

5. STAYING ON TRACK MATTERS

Timely payments help avoid unnecessary fees, interest, and account issues.

Late Payments: A late fee of 10% of the monthly payment, or $10 minimum, applies if payment is not received by the end of the grace period.

Returned Payments: A $22 returned-payment fee applies to returned or failed payments.

Interest Continues to Accrue: Because interest is based on the unpaid balance, missed payments may increase the total loan cost.

Loan Term May Extend: Missed payments may extend the time needed to pay off the property.

Risk of Cancellation: Accounts that become 90 days delinquent may be cancelled, and prior payments may be forfeited according to the agreement.

If you are ever having trouble making a payment, please contact us in writing as soon as possible. We are happy to review available options whenever possible.

6. RESTRICTIONS & IMPORTANT USE GUIDELINES WHILE FINANCING

While the property is being financed, the buyer may not live on the property, use it as a permanent dwelling, or begin permitted improvements or construction before payoff and deed transfer.

During the financing period:

  • You may not build or place permanent structures that require county permits.
  • You may not reside on the land or use it as a permanent dwelling.
  • You may visit the property for limited recreational activity, subject to county rules and the terms of your agreement.
  • You must follow all local laws, zoning rules, HOA/POA requirements, and land-use restrictions.

*Any violation of these terms - such as attempting to live on the land or beginning construction - may result in immediate contract termination, forfeiture of all payments made, and additional legal actions, including any and all citations issued by the State, County, HOA, or other relevant authorities.

7. DO YOUR DUE DILIGENCE

We do our best to provide helpful property information, but every buyer is responsible for confirming whether the property fits their intended use.

Before purchasing, buyers should verify:

  • Road access and physical access
  • Utilities or off-grid requirements
  • Zoning and land-use restrictions
  • Water, septic, or well feasibility
  • Camping, recreational use, or occupancy rules
  • HOA/POA requirements, dues, and restrictions
  • Property taxes and any applicable assessments

Contact the county planning office, building department, environmental health department, HOA/POA, or other applicable agency to verify all intended uses before purchasing.

STILL HAVE QUESTIONS?

We’re here to make land ownership simple, transparent, and attainable. If you have any questions or want help understanding your options, we’re just a call or email away.

 Call us: 844-489-0823
 Email: info@dollarlandstore.com

Check out our FAQ page here