Our owner financing works the same way a mortgage from a bank works, but with lower upfront fees. You own the house but we would have a promissory note and deed of trust to secure the loan. You make monthly payments to us. There is never a penalty for early payoff. No appraisal is required. The required down payment is usually 12-18 thousand dollars. In addition to that you will have between $3500- $4500 in closing costs. We will do long term financing (15-30 years), short term financing (1-15 years), and can do loans with or without a balloon payment. If you have questions about our owner financing, please give us a call at 540-717-7803.
If you would like to apply for owner financing with one of our houses please click on the link above and fill out the application. Once you submit the application it will automatically be sent to us and we should be able to get back to you in two to three days.