Types of Mortgages We Buy
Residential Mortgage Notes
American Equity Funding purchases residential mortgage notes secured by many types of residential real estate throughout the United States. If you provided financing when you sold a home and now receive monthly payments from the buyer, you may be able to convert those future payments into a lump sum of cash today.
We buy notes secured by:
- Single-family homes
- Condominiums
- Townhomes
- Duplexes
- Triplexes
- Fourplexes
- Manufactured homes with land
- Vacation homes
- Investment properties
- Rental properties
Whether the property is owner-occupied, used as a rental, or serves as a second home, we can review your note and provide a no-obligation quote. We have purchased thousands of residential mortgage notes over the years and understand that every situation is unique.
Many note holders choose to sell because they want immediate access to cash for retirement, debt reduction, investing, medical expenses, business opportunities, or other personal financial goals. Instead of waiting years to collect payments, selling your note may allow you to put your money to work today.
Our experienced team will review the details of your note, the property’s value, the buyer’s payment history, and other factors to determine a fair purchase price. In many cases, we can close quickly and make the process simple from start to finish.
Commercial Mortgage Notes
American Equity Funding also purchases commercial mortgage notes secured by income-producing and commercial real estate properties. Commercial notes can be valuable assets, but many noteholders prefer the certainty and flexibility of receiving cash now rather than collecting payments over many years.
We purchase notes secured by:
- Office buildings
- Retail centers
- Strip malls
- Warehouses
- Industrial properties
- Mixed-use developments
- Apartment buildings
- Storage facilities
- Restaurants
- Commercial land
Commercial notes often involve larger balances and longer repayment terms. Whether you financed the sale of a small business property or a larger commercial development, our team has the experience to evaluate complex transactions and provide competitive offers.
Many commercial note holders contact us when they are ready to reinvest in new opportunities, simplify their financial portfolios, or reduce the risks associated with future payments. We understand commercial real estate and can work with note holders, attorneys, accountants, and financial advisors throughout the transaction.
If you hold a commercial mortgage note and would like to learn what it may be worth in today’s market, contact us for a free, no-obligation quote.
Land Notes
Land notes are one of the most common types of seller-financed real estate notes. American Equity Funding has extensive experience purchasing notes secured by vacant land and other undeveloped properties.
We buy notes secured by:
- Vacant residential lots
- Recreational land
- Hunting property
- Agricultural land
- Ranch land
- Timber property
- Development property
- Commercial land
- Rural acreage
- Waterfront land
Many land sellers choose owner financing because traditional bank financing can be difficult for buyers to obtain. While seller financing creates opportunities for buyers, it also means the seller may be waiting years to receive the full purchase price.
Selling a land note allows you to receive cash now rather than continue collecting monthly payments. Whether the property consists of a small residential lot or hundreds of acres, our team can evaluate your note and explain your options.
Factors such as the property’s location, value, down payment, remaining balance, payment history, and buyer credit profile all play a role in determining the value of a land note. We will review these details and provide a straightforward, no-obligation quote.
For more than three decades, American Equity Funding has helped note holders across the country convert land notes into immediate cash while providing professional service throughout the process.
Seller Financing Documents We Purchase
American Equity Funding purchases many types of seller-financed real estate notes and payment streams, including:
Mortgage Notes
A mortgage note is one of the most common forms of seller financing. The buyer signs a promissory note agreeing to repay the debt, while a mortgage secures the property as collateral. If you hold a mortgage note and receive monthly payments from a buyer, you may be able to sell all or part of your remaining payments for a lump sum of cash.
Promissory Notes
A promissory note is the legal agreement outlining the repayment terms between the buyer and seller. It specifies the loan amount, interest rate, payment schedule, and other important details. Many seller-financed transactions include a promissory note secured by real estate.
Deeds of Trust
In many states, a deed of trust is used instead of a traditional mortgage. The deed of trust places legal title with a trustee until the debt is repaid. Although the terminology differs, these notes can often be sold just like traditional mortgage notes.
Land Contracts
Land contracts, sometimes called installment land contracts, allow a buyer to make payments over time while the seller retains legal title until the agreement is paid in full. Land contracts are common for vacant land, rural property, and situations where traditional financing is difficult to obtain.
Contracts for Deed
A contract for deed functions similarly to a land contract. The buyer gains equitable interest in the property while making payments, and the seller transfers legal ownership after the contract terms have been satisfied. American Equity Funding regularly evaluates contracts for deed for purchase.
Agreements for Deed
Some states use the term “agreement for deed” rather than contract for deed or land contract. Regardless of the name, these seller-financed agreements may qualify for purchase depending on the property’s characteristics, payment history, and remaining balance.
Partial Note Purchases
Not every seller wants to sell their entire note. In many cases, American Equity Funding can purchase only a portion of the future payments, allowing you to receive cash today while retaining future income from the remaining payments.
If you are unsure what type of seller-financed agreement you have, our team can help review your documents and explain your options. We have been purchasing real estate notes since 1989 and can quickly determine whether your note qualifies for purchase.