Frequently Asked Questions about our Owner Financing Program
How Does Your Owner Finance Program Work?
Our goal is to make it easy to own a home. We offer owner financing where we can sell you the home without having to qualify at a bank. We can Owner Finance you the home NOW with the exclusive right to get your own financing later. Our buyers love it because it gives them time clean up past credit problems, time to sell another home, try out the neighborhood, save up for a larger down payment. We also give you Warranty Deed and a Deed of Trust, giving you 100% ownership of the home.
How Much Down Payment Do I need?
We are very flexible with down payment. We can offer many options and we will always do our best to work with whatever funds you have available. You can start out with our Owner Financing program then at a later date apply for Lender Financing.
Do You Offer Down Payment Assistance Programs?
Yes we do. A lot of times if you are a bit short on down payment we can set up a monthly payment plan spread out over 6-12 months.
What Other Methods Of Down Payment Are Accepted?
Unlike most lending institutions, we accept borrowed funds for closing. If you have a close friend or relative willing to lend you money for your down payment you can use that in our program. You may also be eligible to withdraw or borrow from your 401K to purchase a home without penalties. We accept credit cards and also trades.
What Is The Interest Rate On Your Owner Financing?
We are flexible with our terms to meet your needs. Typical interest rates range from 6% to 9% depending on down payment and application. All credit is accepted with a reasonable down payment and applications are necessary to verify income and employment. Please contact us to obtain our simple Owner Finance Application.