What Do I Need to Buy Land in Texas With Owner Financing? Requirements, ITIN and Down Payment

The five things TerraFunded asks for, what we don't ask for, buying from another state or country or with an LLC, and the real numbers on a Young County tract.

Rodrigo Blanco, Founder & CEO of TerraFunded

Published: 2026-11-10 · Updated: 2026-11-10

Figures checked against our inventory on November 9, 2026.

To buy land in Texas with owner financing from TerraFunded, you need five things: a current government-issued ID, a Social Security number or an ITIN, your contact information, the down payment plus closing costs, and a way to make your monthly payment. You don't need a bank, tax returns, W-2s or an employment letter, and you don't have to be a U.S. citizen or resident or live in Texas. On our Young County tract, as of November 2026, that means about $7,400 to get in ($5,940 down plus about $1,500 in closing costs) and $1,213 a month for 180 payments, at a 10% APR, fixed.

This page goes through each requirement, what we don't ask for, buying from another state or country, buying with an LLC or with your family, the numbers step by step, what your monthly payment doesn't cover, and what happens at and after closing. The video covers the same points in under ten minutes.

Ready to see the land? See every available tract with today's prices · View the Olney tract in Young County · Call or text Andy at (214) 306-8153. Se habla español.

Watch the video

Watch on YouTube: What Do I Need to Buy Land in Texas With Owner Financing? Requirements, ITIN and Down Payment (9:30)

Chapters

Who approves you

There is no bank. TerraFunded approves the financing directly, with a short application: no appraisal, no bank pre-approval and no waiting weeks for a loan officer. That is why the requirements are few and clear. We have sold rural Texas land with owner financing from Dallas since 2020, in more than 350 transactions.

The five requirements

A current government-issued ID, such as a passport or a driver's license.
A Social Security number or an ITIN.
Your address, phone number and email.
The down payment, plus closing costs. The down payment starts at 5% of the financed price, with no maximum.
A way to make your payment every month.

You also need to be of legal age to sign.

What we don't ask for

Bank pre-approval
Tax returns
W-2 forms or pay stubs
An employment letter
U.S. citizenship or permanent residency
Living in Texas

Our buyers include self-employed workers, business owners, families, investors and people who live outside the United States.

Social Security number or ITIN

Asking for a Social Security number or an ITIN is a TerraFunded rule for giving you financing; it is not a Texas law for everyone who buys land. If you have a Social Security number, you use that. If not, you need an ITIN, the Individual Taxpayer Identification Number the IRS issues to people who can't get a Social Security number. You apply with IRS Form W-7, and a tax preparer or an IRS-certified acceptance agent can tell you if you qualify and help you with the process (IRS, ITIN).

Buying from another state or another country

Another state: you can buy from anywhere in the United States.

Another country: you can buy too, as long as you have an ITIN or a Social Security number. Keep in mind Texas Senate Bill 17, in effect since September 2025. It restricts land purchases by certain people, companies and governments tied to the countries the state designates, currently China, Iran, North Korea and Russia, and it has exceptions. That is why we review every international purchase before approving it. More in our answer on SB 17.

Signing from a distance: the title company explains how you can sign and before whom.
Paying from abroad: see how to pay for Texas land from abroad.
Selling one day as a foreign person: U.S. tax law requires a withholding called FIRPTA (IRS, FIRPTA withholding); your accountant can tell you how much. See U.S. taxes for foreign owners.

Buying with an LLC

You can buy in a company's name: the Warranty Deed goes in your LLC's name. At TerraFunded we ask the person signing to sign twice, once as the company's manager and once personally, as a personal guarantee of the payment, and we explain that obligation before closing. We will ask for the LLC's documents and for the ID and Social Security number or ITIN of the person signing. More in buying through an LLC.

Buying with your spouse, partner or family

You can also buy with your husband or wife, your partner or a family member. The title company prepares the Warranty Deed in the names of everyone buying, and all of you are owners from closing.

The numbers, step by step

Every tract lists two prices, cash and owner-financed. The financed price is set for each tract and is usually close to 20% above cash. Here is the Young County tract on Highway 79, as of November 9, 2026:

Item	Amount
Cash price	$99,000
Owner-financed price	$118,800
Minimum down payment (5% of the financed price)	$5,940
Closing costs, paid to the title company	About $1,500
To get in	About $7,400
Monthly payment, 180 payments (15 years)	$1,213
Monthly payment, 120 payments (10 years)	$1,491
Rate	10% APR, fixed

You can put down as much as you want: the more you put down, the less you pay each month. To hold a tract you make a $1,000 reservation. It takes the tract off the market, it is applied to your down payment, and it is non-refundable, so we recommend visiting the land before you reserve.

Today's prices and payments on every available tract, straight from our live inventory:

Available TerraFunded tracts as of November 11, 2026. Payments at the minimum down payment, 10% APR, fixed; 180 payments (15 years) or 120 payments (10 years). Live data: terrafunded.com/api/properties.json.
Tract	County	Cash price	Financed price	Down payment	Monthly, 15 years	Monthly, 10 years
Wichita Falls (10 acres)	Clay	$98,000	$117,576	$6,000	$1,199	$1,474
Olney (10 acres)	Young	$99,000	$118,800	$5,940	$1,213	$1,491
Promised Valley (10 acres)	Young	$99,000	$117,576	$6,000	$1,199	$1,474
Marshall (10 acres)	Harrison	$110,000	$132,000	$6,600	$1,348	$1,657
Linden (10 acres)	Cass	$112,500	$137,187	$7,000	$1,399	$1,720
Winnsboro (10 acres)	Franklin	$120,000	$143,701	$7,000	$1,469	$1,807
Franklin 1 (10 acres)	Franklin	$120,000	$143,701	$7,000	$1,469	$1,807
Titus (10 acres)	Titus	$120,000	$137,187	$7,000	$1,399	$1,720
Lakeview (10 acres)	Titus	$122,400	$146,993	$7,500	$1,499	$1,843
Moccasin (10 acres)	Coryell	$130,000	$156,799	$8,000	$1,599	$1,966

The full math on one tract, from the down payment to the last payment, is in how much 10 acres costs with owner financing.

What your monthly payment doesn't cover

Your monthly payment doesn't include annual property taxes, maintenance, or the cost of bringing in electricity, a well or a septic system you may need. We want you to know those costs before you buy. You pay property taxes directly to the county, and every listing says what the tract has: access, power and water.

Closing

You close at a licensed Texas title company, usually in about three weeks, depending on the title work and what your file requires. The main documents are:

The Warranty Deed, which puts the land in your name or your LLC's name.
The promissory note, your promise to pay.
The deed of trust, the lien on the land until you finish paying, just like with a bank.

You will also receive and sign other documents and disclosures for the transaction. The deed is recorded with the county, and you receive an owner's title insurance policy. Step by step: closing on owner-financed land in Texas. Why the deed matters: Warranty Deed vs contract for deed.

After closing

You make your monthly payment every month. There is no prepayment penalty, so you can pay extra whenever you want. If your promissory note is ever transferred to another company that services the payments, your terms stay exactly the same, and you are notified in writing where to pay.

Frequently asked questions

Do I need to be a U.S. citizen or resident to buy land in Texas with owner financing?

No. At TerraFunded you need a Social Security number or an ITIN, a current government-issued ID, the down payment plus closing costs, and a way to make your monthly payment.

Can I buy land in Texas if I live in Mexico or another country?

Yes, with an ITIN or a Social Security number. Texas SB 17 restricts purchases by certain people, companies and governments tied to China, Iran, North Korea and Russia, with exceptions, so we review every international purchase before approving it.

Do you ask for tax returns, pay stubs or an employment letter?

No. The approval is without a bank, and we don't ask for tax returns, W-2s, pay stubs or an employment letter.

Can I put the land in my LLC's name?

Yes. The Warranty Deed goes in the LLC's name, and the person signing also signs personally, as a guarantee of the payment.

How much money do I need to buy 10 acres with owner financing?

On our Young County tract, as of November 2026, about $7,400: $5,940 down plus about $1,500 in closing costs. Then $1,213 a month for 180 payments, at a 10% APR, fixed. Every listing shows its own minimum down payment.

Is the $1,000 reservation refundable?

No. It takes the tract off the market and is applied to your down payment, but it is non-refundable, so visit the land before you reserve.

Do I have to live on the land?

No. You can build, bring a mobile home, camp or simply own it, following the county's rules. What you can do on unrestricted land is in what unrestricted land means in Texas.

Sources

Video: What Do I Need to Buy Land in Texas With Owner Financing? Requirements, ITIN and Down Payment, TerraFunded, November 2026.
IRS, Individual Taxpayer Identification Number (ITIN): https://www.irs.gov/individuals/individual-taxpayer-identification-number
IRS, FIRPTA withholding: https://www.irs.gov/individuals/international-taxpayers/firpta-withholding
Texas Legislature, SB 17 (89th Legislature): https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=SB17
Prices and payments: TerraFunded live inventory feed, terrafunded.com/api/properties.json, checked November 9, 2026.
Related: How owner financing works for land in Texas, Owner-financed land near Dallas, Owner-financed land companies compared, All available tracts.
En español: qué necesitas para comprar terreno en Texas con financiamiento del dueño.

General information, not legal, tax or financial advice. Terms and availability can change; the terms of any purchase are the ones in your closing documents.

Full video transcript

[0:01] Can you buy land in Texas without being a U.S. citizen, without residency, and without a bank loan? In many cases, yes. At TerraFunded, we ask for five things: a current government-issued ID, a Social Security number or an ITIN, your contact information, the down payment plus closing costs, and a way to make your monthly payment. With real numbers as of November 2026: on our Young County tract, you get in with about $7,400, which is $5,940 down and about $1,500 in closing costs. Then you pay $1,213 a month, 180 payments, at 10% APR, fixed.

[0:51] In this video, I'll walk you through each requirement, how much money to have ready, and which restrictions to check before you buy. We're TerraFunded, based in Dallas. We've sold rural Texas land with owner financing since 2020: more than 350 transactions.

[1:16] First, who approves you. There's no bank here. We approve the financing ourselves, directly, with a short application. There's no appraisal, no bank pre-approval, and no waiting weeks for a loan officer to get back to you. That's why the requirements are few and clear.

[1:40] One: a current government-issued ID, like your passport or your driver's license. Two: your Social Security number or your ITIN. Three: your address, phone number and email. Four: the down payment, which starts at 5% of the financed price, plus closing costs. And five: a way to make your payment every month. You also need to be of legal age to sign.

[2:15] What we don't ask for: bank pre-approval, tax returns, W-2 forms, or an employment letter. You also don't have to be a citizen or a permanent resident, or live in Texas. Our buyers include self-employed workers, business owners, families, investors, and people who live outside the country.

[2:45] Let's talk about the number. Asking for a Social Security number or an ITIN is a TerraFunded rule for giving you financing; it's not a law for everyone who buys land in Texas. If you have a Social Security number, you use that. If not, you need an ITIN, the tax identification number the IRS issues to people who can't get a Social Security number. You apply with IRS Form W-7, and a tax preparer or an agent certified by the IRS can tell you if you qualify and help you with the process.

[3:24] Do you live in another state? You can buy from any state in the country. Do you live in another country? You can buy too, as long as you have an ITIN or a Social Security number. Keep in mind a Texas law in effect since September 2025, SB 17. It restricts land purchases by certain people, companies and governments tied to countries the state designates, currently China, Iran, North Korea and Russia, and it has exceptions. That's why we review every international purchase before approving it.

[4:01] To sign remotely, the title company explains how, and before whom. And if you ever sell as a foreign person, U.S. tax law requires a withholding called FIRPTA: your accountant will tell you how much. If you already have your number and your down payment, the next step is to see the land. Call or text Andy at 214-306-8153.

[4:35] Want to buy in a company's name? You can: the Warranty Deed goes in your LLC's name. At TerraFunded, we ask you to sign twice, once as the company's manager and once personally, as a personal guarantee of the payment. We explain that obligation before closing. We'll ask for the LLC's documents, and the ID and number of the person signing.

[5:07] You can also buy with your husband or wife, your partner, or a family member. The title company prepares the Warranty Deed in the names of everyone buying, and all of you are owners from closing.

[5:25] Let's go back to the numbers, as of November 2026. Every tract lists its cash price and its financed price; the financed price is set for each tract, and it's usually close to 20% above cash. On the Young County tract, on Highway 79, it's $99,000 cash, or $118,800 with owner financing. The minimum down payment is $5,940, 5% of the financed price, and you can put down as much as you want: the more you put down, the less you pay each month.

[6:04] To hold the tract, you make a $1,000 reservation: it takes the tract off the market, it's applied to your down payment, and it's non-refundable. That's why we recommend visiting before you reserve.

[6:22] Your monthly payment doesn't include annual property taxes, or the cost of maintenance, or installing electricity, a well or a septic system you may need. We want you to know those costs before you buy. You pay the taxes directly to the county, and every listing says what the tract has: access, power and water.

[6:48] Closing is at a licensed Texas title company, usually in about three weeks, depending on the title work and what your file requires. The main documents include the Warranty Deed, which puts the land in your name or your LLC's name; the promissory note, your promise to pay; and the deed of trust, the lien on the land until you finish paying, just like with a bank.

[7:17] You'll also receive and sign other documents and disclosures for the transaction. The deed is recorded with the county, and you receive your owner's title insurance policy.

[7:32] After closing, you make your monthly payment every month. There's no prepayment penalty, so you can pay extra whenever you want. And if your promissory note is ever transferred to another company that services the payments, your terms stay exactly the same, and you're notified in writing where to pay.

[7:56] Do I need to be a citizen or a resident? No. At TerraFunded, you need a Social Security number or an ITIN. Can I buy if I live in Mexico or another country? Yes, with an ITIN, and we review every international purchase before approving it. Do you ask for tax returns or an employment letter? No. Can I put the land in my LLC's name? Yes, and you also sign personally.

[8:30] Do I have to live on the land? No. You can build, bring a mobile home, camp, or simply own it, following the county's rules.

[8:45] In short: an ID, a Social Security number or an ITIN, your information, about $7,400 to get in on our Young County tract, and $1,213 a month for 180 payments, at 10% APR, fixed. No bank, from any state or country, in your name or with an LLC. Call or text Andy at 214-306-8153. Se habla español. And see all available land at terrafunded.com.

Page history

November 10, 2026: Published with the video. Figures checked against the inventory feed on November 9, 2026.