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Updated over 6 years ago on . Most recent reply

Joe P.'s profile image
Joe P.'s profile image
Joe P.
  • Rental Property Investor
  • from Mechanicsburg, PA
  • Member since Jan 18, 2017
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Joe P.'s profile image
Joe P.'s profile image
Joe P.
  • Rental Property Investor
  • from Mechanicsburg, PA
  • Member since Jan 18, 2017
Connect
Joe P.
  • Rental Property Investor
  • Mechanicsburg, PA
4
Votes |
79
Posts
Creative Real Estate Financing

Is 9.99% Interest on Seller Financing Legal In Pennsylvania?

Joe P.
  • Rental Property Investor
  • Mechanicsburg, PA
Posted

I am selling a parcel of vacant land in Pennsylvania for $11750 with 9.99% interest on a 4 year loan term.  I was reading about state usury laws and now I am unsure if this is even legal.  Is this illegal in PA?  If so are there any loopholes?  

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