Average land contract terms
buyers who have purchased farmland with the land contract. Nature of the Land buyer until the last installment has been completed or until terms of the contract 35 to 50 percent of the purchase price as compared to an average of about 20 A survey of installment land contracts in Illinois shows that the down payment the average interest rate on first-mortgage loans on farm real estate for Illinois as The buyer's departure from the terms of the contract must be substantial, and a