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Owner Financing – For Stick Built & Land/Home Packages
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If you need owner financing, we can help! We offer 3 different scenarios that can help you get into the home of your dreams.
Scenario 1 - You have NO Established Credit yet but good income
If you are a first time buyer or have NO established credit yet, we can help! We offer a program that allows you to pick out the home
of your choice, make a small down payment ($2500), and move in. Make your payments on time for the next 12 months and we can have your
credit rating high enough to qualify for traditional bank financing! It’s that easy!
Note: This program does not work if you have had major medical collections or charge-offs in the past. No credit means NO credit.
Scenario 2 – You are approved for at least 90% financing and need us to hold a Seller 2nd
If you can obtain mortgage financing for at least 90% and you need the seller to hold a 2nd mortgage we can help! Our second mortgages
are flexible and offer no payments for the first 18 months!
Scenario 3 – You have a Down Payment of at least 7% and can’t get Bank Financing yet
If you have at least 7% of the purchase price available for a down payment and you can afford a monthly payment equal to 1% of the
purchase price, we will OWNER FINANCE your new home for you. Here are some examples:
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Example 1
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Example 2
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| Purchase Price |
$78,000
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Purchase Price
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$153,000
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| Down Payment
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$5,460
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Down Payment
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$10,710
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| Monthly Payment
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$780
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Monthly Payment
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$1,530
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Note: Monthly payments are “all-Inclusive” and include taxes and homeowners insurance. There are no other monthly charges.
How long is the Owner Financing?
The term of your new loan is 30 years at a fixed rate! Your payment will only go up (or down) if your taxes or insurance premiums are
increased (decreased) by the county tax assessor’s office or your insurance company.
Can I pay off the Owner Financing Loan at any time?
Yes! Your new loan has no pre-payment penalties and you can refinance your loan with a traditional lender just as soon as you qualify.
What do you do Next?
Search our available properties for the home that best suits you. Complete an online application, have your down payment ready, and
get ready to move!
Restrictions
Certain income restrictions apply. We only offer this program on homes that are listed on this website. We do not offer this program
on homes that we do not own.
We appreciate the opportunity to serve you!
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