Financing with Dollar Land Store

How Dollar Land Store Financing Works

At Dollar Land Store, we believe everyone should have the opportunity to own land, whether you're ready to pay in full or prefer to spread payments out over time.

We offer several purchasing options to meet your needs:

Choose owner financing for affordable monthly payments with no credit checks OR select the cash price to pay upfront and take immediate ownership

Prefer different terms? No problem. If our financing terms aren’t the right fit for you, you’re always welcome to purchase the property outright and secure your own financing.

1. WHAT IS OWNER FINANCING?

Owner financing allows you to purchase property by making monthly payments directly to us. You don’t need a bank loan, and there’s no credit check required.

Once the final payment is made, we’ll transfer the deed to your name. Until then, we remain on title. This means there are a few important restrictions while you’re making payments (see “Restrictions & Important Use Guidelines while Financing”).

2. HOW MONTHLY PAYMENTS WORK?

Each month, your payment includes:

  • A portion of your loan principal
  • Interest, typically at a fixed rate (usually around 8.99% APR)
  • A $15 loan servicing fee
  • Any applicable property taxes or HOA fees, split into monthly amounts

There is no prepayment penalty which allows you to pay off your loan at any time to save on interest.

Standard Pay Schedule:

Payments are due on the 1st of each month. If payment is not received, weekly automated email reminders will be sent with invoice links to help you catch up. A late fee of 10% of the monthly payment (or $10 minimum) is automatically applied if payment is not made by the 16th of the month at 12:01 AM PST.

New Contracts:

The first monthly payment is due within 45 days of your down payment. If no payment is received within 45 days:

  • The contract is considered void without further notice.
  • The account is cancelled, and all funds paid, including the down payment and fees, are non-refundable.
  • No cancellation fee applies in this scenario.

3. HOW PAYMENTS ARE APPLIED?

Each month, your payment will be applied in the following order:

  1. Any late or returned payment fees (if applicable)
  2. Interest due on your current loan balance
  3. Taxes, dues, and other property-related costs
  4. Remaining balance goes to reduce your loan principal

This structure ensures interest is always paid first - so if you miss a payment, the principal balance doesn’t go down, and more interest will accrue the following month.

4. LATE PAYMENT POLICY & TIMELINE

For all contracts, it is important to pay on time. If you fail to complete your payment by the first of the month, the following history is in order:

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

Days 2–14: Weekly email reminders are sent with invoice links.

Day 15: Final deadline for payment.

Day 16: Late fee is applied at 12:01 AM PST.

Days 17–89:

  • Continued invoice reminders.
  • Additional emails will inform you of your delinquency status (e.g., “Your account is 34+ days past due”) and provide links to bring your account current.
  • These messages also offer assistance if you are facing financial hardship.

Prior to Day 90: A final reminder email is sent with a specific deadline for payment.

Day 90: If payment is still not received, the contract is considered void, the account is cancelled, and all prior payments are forfeited as damages per the contract.

5. STAYING ON TRACK MATTERS

We highly encourage timely payments to avoid unnecessary fees. If you begin to fall behind on your payments, here’s what can happen:

Late Payments: A 10% late fee (or $10 minimum) applies if payment is more than 14 days late

Returned Payments: A $25 service fee applies to any returned or failed payments

Interest Continues to Accrue: Because interest is based on your unpaid balance, missing payments can increase your total loan cost

Loan Term May Extend: Missed payments are added to the end of your term, which can prolong your repayment period

Risk of Cancellation: If your account becomes 90 days past due, your contract may be canceled, and all payments made could be forfeited as damages

If you are ever in a tough spot, please reach out! We are happy to work with you whenever possible.

6. RESTRICTIONS & IMPORTANT USE GUIDELINES WHILE FINANCING

  • You cannot build or place permanent structures that require county permits
  • You may not reside on the land or use it as a permanent dwelling until it is fully paid off and deeded to you.
  • You are generally welcome to visit the property for limited recreational activity, but are permitted no more than 30 days per year. *see county regulation for more information.
  • All local laws and zoning rules must be followed

*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. DUE YOUR DUE DILIGENCE

We do our best to provide helpful property information, but every buyer is responsible for confirming:

  • Access to roads and utilities
  • Zoning and land use restrictions
  • Water/septic feasibility
  • Whether recreational use or camping is allowed

Reach out to the county planning office where the property is located to verify all intended uses.

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