Seller Financing Available to Qualified Buyers

If you are the successful bidder, we invite you to apply for seller financing under the following terms:

 

Annual fixed interest rate*

*Varies with each sale as approved by Assembly.

 

10 year payment term under a Deed of Trust and Promissory Note

 

To apply for seller financing, you must complete the credit application below and submit IRS TAX TRANSCRIPTS (not returns) for the past 3 years

 

The following criteria will be used in determining credit worthiness:

  • Debt to income ratio lower than 40%
  • FICO credit score of 640 or better
  • Review of outstanding collections
  • Review of outstanding federal debt
  • Review of bankruptcy in the last 3 years

 

DEVELOPERS, PLEASE NOTE THE FOLLOWING:

There will be no provisions for deed release under the deed of trust should you apply and qualify for seller financing

 

 

Credit Application
FNSB fillable Credit App.pdf
Adobe Acrobat document [222.1 KB]

Division of Land Management 

907-459-1241  land@fnsb.us

907 Terminal St., 2nd Floor

Fairbanks ALASKA

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The Fairbanks North Star Borough is dedicated to respecting, protecting and enhancing the best interests of the community, balanced with individual freedoms by providing principled leadership and community driven, cost effective and efficient government services.

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