Land Contract is a great way to build up down payment or resolve credit problems before going for permanent financing. Schalmo Builders Inc. and KGM Limited buy used homes in the Stark and Summit County areas. Homes range in price from $80,000 to $190,000 and can be purchased in "as is " condition. The homes are offered for sale by land contract. A land contract is a contract between the buyer and seller of the property and it outlines all the normal provisions for the sale.

With a land contract; a down payment is usually made, then equal monthly installments of principal and interest, or interest only, and real estate taxes are paid to the seller. Interest and taxes are deductible for federal tax purposes by the buyer. Normally it takes a period of 18 to 24 months for a buyer with marginal credit to refinance the property and take full ownership. In the meantime, the buyers take possession of the property and treat it as their own, covering all expenses. Using a land contract to buy your home, allows you the buyer to build your credit over a period of time enabling you, with our help, to secure financing.

We enjoy helping people who have had credit difficulties purchase a new home. Call us toll-free at 1-800-728-7122 for additional details. You can fill out the application and bring it in along with your application fee to our office located at:


464 Etheridge Blvd. Canal Fulton, Ohio, 44614