Instead of using a bank, the seller will look at your situation directly and provide lending terms. This allows you freedom from years of renting by owning a home now.
Details of owner financing and how to qualify:
Please call if you have any questions about the criteria.
Zach Davis | 972-256-8680
Typical transaction: 15% cash to close, 20 year mortgage, close at a title company, house has to be owner occupied, escrow for taxes and insurance, & buyer can not own any other real estate.
ALL buyers will need 2 forms of government issued IDs
(Matricula required for ITIN with a valid ITIN card/ IRS ITIN letter)
- Verify Funds
- Verify Employment and Income
- Verify Rent History
- Can not have any late payments over 30 days in the last 2 years and no out standing judgments or tax liens. No foreclosures or bankruptcies in last 2 years. ALL out standing medical bills can not exceed $1,000.000.