If You Have Questions. We’ve Got The Answers.
What does your owner financing purchase process look like exactly from start to finish?
It takes an average of 10 to 20 days from when you submit an application to move into your home.
- You start by filling out the owner finance application on the website.
- If you’re approved you’ll get to schedule a private showing of the property.
- If you aren’t approved, don’t worry! We help buyers with various credit issues and financial situations. We can work with you to find a creative solution that still allows you to own a home that you can afford.
- After you are approved for the home, next you will sign a purchase agreement, pay the required down payment and/or non-refundable deposit and 1st month’s payment. Then you move into your new home; it’s as quick and easy as that!
- The purchase agreement will outline the amount of time you’ll have (typically 1-5 years) to refinance or exercise your real estate purchase option agreement to buy the home. In the case of a rent-to-own, we can extend your option period if you need more time.
- The initial purchase and closing on your home will take place in-person at our attorney’s office.
What are the requirements to apply for the owner financed Program?
We understand that each person and family situations are uniquely different.
That is why we do our absolute best to find win-win creative financing solutions to help you buy your dream home and become a homeowner.
- Minimum household income of at least $40,000
- Stable employment (or Job Offer Letter)
- Verifiable Income (3 most recent pay stubs)
- No felony convictions (last 4 years)
- No open Chapter 7 Bankruptcy (must be discharged)
- No Open Chapter 13 Bankruptcies (if open must be on a payment plan with on time payments)
- No evictions in the past 3 years
- Have a valid government-issued photo ID
Individuals with poor credit, bad credit, no credit, and other financial circumstances are still able to buy seller-financed or rent to own homes.
We really enjoy helping hard working people achieve their home ownership dreams, go ahead fill out our application to get started.
How much does it cost to apply for the Program?
The nonrefundable application fee is $50 for each person.
Is there a down payment for your owner financed homes?
Yes. The down payment is a minimum 10% of the purchase price of the home. But keep in mind that the more you put down, the lower your payments will be and more creative financing terms.
Do I have to complete a loan application?
No, absolutely not. You can forget about having to qualify for a loan. Your cash is your credit.
Can I qualify for this program if I’m self-employed without a W2?
Yes, you do qualify for the program even if you are self-employed. We can use your tax returns and/or bank statements.
What if I have bad or ugly credit, can I still qualify for one of your homes?
Yes, absolutely! You can still qualify for one of our homes even if your credit is poor, bad or ugly.
What happens on the day of closing?
Meet at the attorney’s office to review and sign the related owner financing documents, pay your down payment or non-refundable deposit and your first months payment, and pick up your house keys.
Are you ready to take your first step towards becoming a homeowner?
…if you still have questions visit our How It Works page and About Us Page to learn more about our process. After your done don’t forget to visit our Reviews Page to hear what our past clients had to say about us.