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Owner Financing Program

This program works just like a regular mortgage from a bank. The only difference is that it is simple and easy to qualify.

5 Steps to move into one of our homes:
1. Make sure your gross monthly income is at least 3.5 to 4 times the monthly payment or rent. (If the monthly payment is $500, monthly income should be at least $1,750.)
Make sure you have the down payment or security deposit plus 1st months rent if you are leasing.
Must have a credit score of 490 or above.
2. If you meet the guidelines above, schedule a time to look in the house and make sure it is one you are interested in.
3. Fill out our online application
(There is a $30 application fee to cover a credit report)
4. If your application is accepted, pay the Down payment or Deposit plus 1st months rent and sign the agreements.
5. Receive keys and move in

The down payment will normally range from $500 to $6,000. More can be put down if you desire and it will lower the monthly payment.

The length of our loans will are normally 30 years and you are welcome to get your own financing at anytime.

The interest rate will usually range from 7.5% to 9.5%. The interest rate will be fixed for the first 3 to 5 years.

To calculate what your payment might be use this mortgage calculator.

There are no closing costs and only one owner financing document to sign.

Taxes and insurance will be added onto the monthly payment so that there is no large lump sum to pay at the end of the year.

This program is ideal for individuals that find it hard to qualify with a bank or mortgage company. You will be able to get into a home very easily, build up equity, and improve your credit score. Once this is done and you have a track record, it is much easier to qualify with a traditional bank and lower your payments and get a lower fixed interest rate.

You can receive all the benefits of homeownership now without the hassle of bank financing.