Types of Mortgage Notes We Buy
We Buy Owner-Financed Mortgage Notes Nationwide
If you are receiving payments from an owner-financed real estate sale, American Equity Funding may be able to purchase all or part of your future payments and provide you with a lump-sum cash payment now.
Since 1989, American Equity Funding has purchased thousands of mortgage notes and seller-financed real estate notes across the United States.
We purchase notes secured by residential homes, commercial properties, land, rental properties, and many other types of real estate.
Not sure what type of note you have? That’s okay. Send us the information you have, and we’ll help you determine your options.
What Types of Mortgage Notes Does American Equity Funding Buy?
American Equity Funding purchases many types of privately held and seller-financed real estate notes, including:
- Owner-financed mortgage notes
- Seller-financed real estate notes
- Residential mortgage notes
- Commercial mortgage notes
- Land notes
- Promissory notes secured by real estate
- Land contracts
- Contracts for deed
- Agreements for deed
- Deeds of trust
- Bonds for title
- Performing notes
- Non-performing notes
- Partial note purchases
The terminology used for seller financing varies from state to state. You do not need to know exactly what your documents are called before contacting us. Our team can review your information and help determine whether your note may qualify for purchase.
Residential Mortgage Notes
If you sold a home or residential property and financed the sale yourself, you may be holding an owner-financed residential mortgage note.
American Equity Funding purchases residential mortgage notes secured by many types of property, including:
- Single-family homes
- Condominiums
- Townhomes
- Duplexes
- Triplexes
- Fourplexes
- Manufactured homes with land
- Vacation homes
- Second homes
- Rental homes
- Investment properties
Instead of waiting years to receive monthly payments, you may be able to sell all or part of your remaining payments for cash now.
The value of a residential mortgage note depends on several factors, including the remaining balance, interest rate, payment history, property value, down payment, and creditworthiness of the person making the payments.
Commercial Mortgage Notes
American Equity Funding also purchases seller-financed notes secured by commercial and income-producing real estate.
Properties may include:
- Office buildings
- Retail properties
- Strip centers
- Warehouses
- Industrial properties
- Mixed-use developments
- Apartment buildings
- Storage facilities
- Restaurants
- Commercial land
- Other income-producing properties
Commercial mortgage notes can involve larger balances, longer repayment periods, balloon payments, and more complex financing arrangements.
Our experienced team can evaluate the note, the property securing it, and the payment history to determine whether American Equity Funding can make an offer.
Land Notes
If you sold land and financed the purchase for the buyer, you may not have to wait years to receive the rest of your money.
American Equity Funding purchases seller-financed land notes secured by many types of property, including:
- Vacant residential lots
- Rural acreage
- Recreational land
- Hunting property
- Agricultural land
- Ranch land
- Timber property
- Development property
- Commercial land
- Waterfront property
Land notes can be structured as mortgages, deeds of trust, land contracts, contracts for deed, or other seller-financing arrangements.
The value of a land note can be affected by the property’s value and location, the buyer’s down payment and credit, payment history, interest rate, remaining balance, and terms of the agreement.
Seller-Financing Documents We Purchase
Seller financing is handled differently throughout the United States. Two people may have very similar owner-financed transactions but completely different names on their documents.
American Equity Funding has experience evaluating many forms of seller-financed real estate agreements.
Mortgage Notes
A mortgage note documents the buyer’s promise to repay the debt, while the mortgage secures that debt with the real estate. If you are receiving payments on a privately held mortgage note, you may be able to sell those future payments.
Deeds of Trust
Many states use a deed of trust instead of a traditional mortgage to secure a real estate debt. American Equity Funding purchases qualifying seller-financed notes secured by deeds of trust.
Land Contracts
With a land contract, the seller finances the property and receives payments from the buyer over an agreed period. American Equity Funding purchases qualifying land contract payment streams nationwide.
Contracts for Deed
A contract for deed allows the buyer to make payments directly to the seller according to the terms of the agreement. If you are receiving payments from a contract for deed, you may be able to convert some or all of those future payments into cash.
Agreements for Deed
Some states use the term agreement for deed for seller-financed transactions. These agreements may also qualify for purchase.
You Don’t Have to Sell Your Entire Note
Sometimes you need cash now, but you don’t want to give up all of your future income.
You may not have to.
American Equity Funding can evaluate both full and partial note purchases.
With a full purchase, you sell the remaining payments on your note for a lump sum.
With a partial purchase, you sell only a specified number or portion of your future payments. After American Equity Funding receives the purchased payments, the remaining payments revert to you according to the terms of the transaction.
A partial sale can provide access to cash today while allowing you to retain some of the future income from your note.
What Determines Whether We Can Buy Your Mortgage Note?
Every note is different. American Equity Funding considers several factors when evaluating a mortgage note, including:
- Type and value of the property
- Remaining note balance
- Interest rate
- Monthly payment
- Remaining number of payments
- Buyer’s down payment
- Buyer’s credit
- Payment history
- Terms of the note
- Property location
- Documentation securing the note
You do not have to figure all of this out before contacting us. Give us the information you have, and we’ll help you through the process.
Not Sure What Type of Mortgage Note You Have?
You don’t need to be a mortgage expert to sell a mortgage note.
Maybe you have a mortgage. Maybe your paperwork says deed of trust, land contract, contract for deed, or something else entirely.
That’s what we’re here for.
American Equity Funding has been purchasing owner-financed mortgage notes since 1989. Our team can review your documents, explain what you have, and help you understand your options.
There is no obligation to sell your note simply because you request a quote.
Find Out What Your Mortgage Note May Be Worth
You spent years building the equity represented by your note. You shouldn’t have to wonder what it’s worth or whether you have options.
Let American Equity Funding review your note and provide a free, no-obligation quote.