House For Sale Owner Financing
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House For Sale Owner Financing
Finding a place to settle and spread your family’s roots is key to feeling like a part of a community, and our team at The Oak Leaf Company knows Texas communities are one of a kind. Even if you believe that you don’t have the credit or means to own property, our owner-financing services make it possible for people from all walks of life to build their dreams on the property they choose.
Buying a home that’s for sale by owner won’t always mean savings for you. While the buyer will most likely save by not using a listing agent, it may introduce some problems into the home sale process.
As the buyer of the home, it’s up to you to inspect the property carefully and do your research to make a fair offer. Make sure to consult a professional realtor for help figuring out how to navigate any inspection problems that come up. Working with a real estate agent can protect you from overpaying for the home and running into problems with the purchase agreement and other documents. Find the perfect home or land with us without any hassle! Contact us today to learn more about our services.
House For Sale Owner Financing Houston
Have you recently found out you don’t qualify for a traditional mortgage because of some regulation that prevents the bank from lending to you? Perhaps you recently changed careers or you own you own business and the bank doesn’t like your income. You might have had a bankruptcy or other hardship that has now blemished your credit report. Late payments or medical bills. All of these reasons will make a bank say no to you when you try to purchase a home.
Even people with great credit scores and nothing really wrong with their situation get turned down for second homes or homes that just don’t conform with the banks requirements. Owner financing is a way to get around these roadblocks that prevent you from home ownership. Learn about Owner Financed Homes Near Me
All of these issues can be resolved with owner financing and a down payment that the seller is looking for. This is the seller’s assurance you’re going to make your payments every month. The seller acts the same as a bank, you will get a deed to the home when you purchase it.
Give us a call today so we can help you buy your dream house. We’ll also answer any questions you have, including the monthly payment and the down payment. When you’re ready to move forward, we’ll have you submit an application and start the process.
Houston House For Sale Owner Financing
Owner financing allows you to get into a home without having to qualify for a bank loan.
Unlike a traditional mortgage, you’re not likely to get a deal for a 30-year payoff. Rather, the owner might offer you a loan for a shorter term, such as five years, after which you might have to pay the balance in what’s called a balloon payment. The goal in that situation would be to have improved your credit enough in the meantime to be able to get a loan through a traditional lender to refinance the home and cover that balloon payment. At that point, you and the owner would officially part ways, and you’d pay your lender only.
That doesn’t mean the loan will always end in a balloon payment, however. State laws and restrictions on the owner could determine if balloon payments are even allowed, and you might find an owner who’s willing to create a loan with terms long enough to have the home paid off by the end.
Every situation is different, but The Oak Leaf Company specialize in helping people get into a home, while working on their credit and getting back to a place of having good credit. Even if your credit is bad, you can still own a home! Call us now.
Houston For Sale Owner Financing Near Me
Here at The Oak Leaf Company, we can help you learn how to buy any home with owner financing in Houston. We match you up with an investor who buys the home on your behalf and owner finances it to you. You are also assigned a realtor who helps you find your dream, negotiates on your behalf, prepares a contract and gets you through the closing process, at no additional cost to you.
Everything works just like it does when you buy with a conventional mortgage. It is different from typical owner financing arrangements where balloon payments, pre-payment penalties and other similar restrictions are standard practice.
Besides you won’t be able to buy any home you want because most sellers like to get all the cash up front on the closing day. Owner/seller financing is a great option for buying a home in Houston, particularly if you are struggling to get a conventional mortgage.
House For Sale Owner Financing
Are you looking for house for sale owner financing in Texas? We have been selling property for sale, distressed homes for sale in Texas for many years. We are also known as the reliable property seller with income properties for sale in Texas. Owner financing generally allows you to purchase a home, even when you do not currently qualify for a traditional mortgage.
Why to buy owner-financed home in Texas?
Owner financing in our system offers following advantages:
Overcome credit challenges: Foreign nationality, self-employment and identity theft are some of the reasons your mortgage application is rejected by conventional lenders. You can buy a home even if you are self-employed, a foreign national or a victim of identity theft. You should be able to arrange for a reasonably high down payment and show that you are a financially disciplined person.
Credit repair: Buying a home with owner financing in Texas can help you improve your credit score. Your regular payments will be factored in when credit rating agencies evaluate your credit score based on your monthly owner financing payments.
The Oak Leaf Company has affordable homes for sale such as single family homes, investment property, and other wholesale properties for sale in Texas. If you are looking for an owner financing home for sale, get in touch with us today!