Frequently Asked Questions
Common inquiries about our organization, services, and the properties available through our platform:
- What is the definition of Owner Financing?
- Can you explain the process of Owner Financing?
- Does having poor credit affect my eligibility for home purchase through owner financing?
- Is there a mandatory initial payment?
- What advantages come with owner financing?
- What criteria are necessary for an owner financing arrangement?
What is the definition of Owner Financing?
When a property buyer secures the funding for the purchase directly from the individual or organization selling the property. This frequently arises when the potential buyer faces challenges in securing financing from a traditional mortgage lender.
Our Houston owner financing program has assisted numerous individuals, just like you, in achieving their dream of homeownership.
Take the first step toward homeownership by completing the form below!
Can you explain the process of Owner Financing?
The owner financing process is actually pretty simple.
Once you’ve seen one of our fantastic properties, we’ll give you an application to fill out. Don’t worry – we help people with all kinds of credit and financial situations, and if you can afford the property, we can probably help you to own it.
We help you avoid bank qualifying and streamline the process to home ownership. You will need a certain amount of a down payment in household monthly income and we need to verify that you have the ability to make the monthly payments. We do this for your protection so we know you will be able to afford the home you want.
That’s the process!
First step – sign up to find great properties around Houston just by filling out the form. You’ll get immediate access to great Houston homes, plus a whole lot more.
Sign up and get started now!
Does having poor credit affect my eligibility for home purchase through owner financing?
it’s possible! Numerous individuals with less-than-perfect credit have successfully purchased homes without the need for a traditional bank loan.
Each person’s circumstances vary, but our expertise lies in assisting those who have faced challenging situations or have made financial missteps in the past. We are dedicated to helping you embark on the journey towards a promising financial future and the realization of homeownership.
Take the first step today by completing the form at the bottom of this page, and start securing your own piece of the American dream!
Is there a mandatory initial payment?
Yes, there is a required initial payment.
Typically, our Houston homes range in price from $75,000 to $300,000 and usually require a down payment ranging from $15,000 to $40,000.
This down payment helps facilitate the owner financing arrangement and secure your investment in the property.
What advantages come with owner financing?
In the Houston region, many savvy individuals have embraced owner financing as a means to attain their dream homes without the need for traditional bank loan qualification. Additionally, this approach can result in substantial savings, bypassing the typical closing costs and points associated with conventional mortgage lenders.
Considering the recent tightening of lending criteria by banks, owner financing becomes an even more appealing option.
Don’t delay! Take the first step towards your homeownership goals by completing the form located at the bottom of this page.
What criteria are necessary for an owner-financing arrangement?
Our commitment is to assist you in discovering innovative solutions that pave the way for you to own your dream home.
After you’ve had the opportunity to explore the property, you’ll be asked to complete an application, providing detailed information about all occupants in the home.
As part of our evaluation process, we’ll conduct a credit check and verify the income of all individuals aged 18 and older residing in your household. This helps ensure your ability to comfortably manage the monthly payments.
Furthermore, we value personal relationships and will reach out to your references and previous landlords, prioritizing these connections over mere numerical scores generated by a computer.
We take great pleasure in helping exceptional individuals like you realize their dreams, so please don’t hesitate. Begin your journey by filling out the form below to get started!