James is looking to purchase a single-family home. He needs to obtain a loan in order to complete the purchase but lacks good credit. Why may James opt for an installment sales contract with the seller rather than obtain a traditional mortgage from a lender?

An installment sales contract will typically included a lower interest rate.

An installment sales contract is interest-free for the first 12 months.

An installment sales contract can be obtained from more lenders compared to a typical mortgage.

An installment sales contract is a form a seller financing that offers much more flexibility compared to a typical mortgage.