The requirements to buy with a Bond for Deed Contract aren’t contingent upon Credit Checks or credit approvals, unless otherwise specified in the Bond for Deed Contract. A down payment will be established by the Seller(s) and Buyer(s). Also along with the terms, the installments will be agreed upon by all parties in the Bond for Deed Contract. Any balloon payments will also be agreed upon by all parties in the Bond for Deed Contract, so that the Buyer(s) are prepared to obtain a loan for the balloon payment or have funds available to pay the Balloon payment in full, on the date agreed upon.