Owner Financing Information

For all of our properties, we provide a NO Documentation Mortgage.  This means that we do NOT verify credit, income or assets.
 
To qualify for the mortgage, we require:
   - A minimum 5% down payment
   - Closing costs at settlement which average $2,500
   - Copy of first year's homeowner's insurance policy or binder with paid receipt
 
The monthly mortgage payment is based on:
   - A 30 year fixed interest rate which is usually 10%
   - Escrow for real estate taxes (we will pay all real estate taxes when due)
   - Escrow for homeowner's insurance (we pay for the renewal policy)
 
Note that although the mortgage is based on a 30 year payment schedule, the mortgage itself is due in 7 years.  After 7 years, you must obtain other financing.
 
The following attachments detailed below will:
- Provide sample copies of all documents involved in the sale
- Detail information both parties of the sale need to provide
 
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craig barnhart,
Mar 25, 2017, 6:49 AM
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craig barnhart,
Feb 4, 2014, 8:57 AM
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craig barnhart,
Jul 15, 2012, 8:16 PM
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craig barnhart,
Feb 4, 2014, 8:56 AM
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craig barnhart,
Jul 15, 2012, 8:18 PM
Ċ
craig barnhart,
Jul 15, 2012, 8:18 PM
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craig barnhart,
Jul 15, 2012, 8:19 PM
Ċ
craig barnhart,
Jul 15, 2012, 8:19 PM
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craig barnhart,
Jul 15, 2012, 8:21 PM