We Help Buyers Find Homes With Owner Financing!
With owner financing, instead of the buyer seeking a loan from a bank or credit union to purchase a property from the seller, the seller assumes the position of being the lender by extending their own capital and financing to the buyer for the purchase price of the property, minus the down payment required. The buyer and seller mutually agree upon the terms and conditions of the loan (i.e., interest rate, length of the loan, prepayment penalties, down payment, who pays property taxes and insurance). These agreed upon owner finance terms are then incorporated into a promissory note (which outlines the buyers promise to repay the loan at the agreed upon terms), and a deed of trust (which provides the seller with recourse if the buyer fails to repay the loan).
What Are The Benefits Of Owner Financing?
Below is a list of the benefits that are associated with owner financing:
*Lending Flexibility: With our owner financing, we are able to be more flexible with whom we can approve to receive financing from us. In this regard, we have the ability to approve individuals that may not have good credit by traditional standards, a higher debt to income ratio, a shortened work history, etc. In this regard, we can approve our offered owner financing for individuals whom may not qualify for a loan through a traditional bank or credit union.
*Faster Closings: While traditional loans involving banks and credit unions can take over 30 days to close, transactions involving owner financing typically close within 5-10 days.
*Cheaper Closings: While banks and credit unions tack on additional bank fees, appraisal expenses and other related costs, owner financed deals do not incorporate such fees, resulting in lower closing costs.
Buyer Representation Services - Homes Purchased With Owner Financing
Are you presently looking to purchase a home in the San Antonio area with owner financing? Let us serve as your dedicated Realtor to help you identify your needs, and then work to find the right home for you. Call us at 210-788-1034 to set up an appointment!
You can electronically complete our owner financing questionnaire by answering the questions below:
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Important Forms and Notices
Link To Information About Brokerage Services (IABS): IABS Form - Aaron Sams
Link To Consumer Protection Notice (CPN): CN 1-5_0
LET'S DEVELOP A RELATIONSHIP!
I would be very interested in speaking or meeting with you to discuss how I can assist you in the areas of real estate, insurance, business consulting, or government contracting support. Feel free to either send me an email at aaron@samsonestop.com, or call me at (210) 788-1034, and I would be more than glad to schedule a face to face meeting or phone conversation accordingly. I hope this helps, and I look forward to speaking with you soon!