Owner Financing Homes In San Antonio, Texas
Your San Antonio Realtor For Buying A Home With Owner Financing
Owner financing can provide an alternative path to homeownership for buyers who may not fit the traditional mortgage process. Instead of obtaining all of the purchase financing from a traditional bank, the property seller may provide financing directly to the buyer under agreed-upon terms.
Sams Realty Group helps buyers looking for owner-financed homes in San Antonio and surrounding areas identify potential properties and navigate the transaction process.
Who May Benefit From Owner Financing?
Owner financing may be worth exploring if you:
- Are self-employed or have non-traditional income
- Have difficulty qualifying for conventional financing
- Have a limited credit history
- Are rebuilding your credit
- Have a higher debt-to-income ratio
- Need flexibility regarding the structure of the transaction
- Have a substantial down payment but don't currently qualify for traditional financing
- Are looking for an alternative to conventional mortgage financing
Owner financing is not automatically available to every buyer or property. Each transaction is subject to the seller's requirements, property considerations, applicable lending requirements, and the terms of the particular transaction.
Our Role
Sams Realty Group can assist you with the real estate search and buyer representation process. We can help you identify properties, understand the transaction process, communicate with relevant parties and navigate the real estate aspects of an owner-financed purchase.
The Seller/Lender's Role
The owner/seller determines whether they are willing to offer financing and establishes the financing terms, subject to applicable laws and transaction requirements.
How Our Owner Financing Home Search Works
1. Tell Us What You're Looking For
Complete our owner financing questionnaire with your desired location, price range, down payment, monthly payment and property preferences.
2. We Review Your Information
We'll review your basic information and discuss what you're looking for in a home and financing arrangement.
3. Identify Potential Properties
We'll help identify properties that may fit your criteria and have owner-financing potential.
4. Review the Numbers
Before moving forward, you'll want to understand the purchase price, down payment, interest rate, monthly payment, loan term, closing costs and other transaction terms.
5. Move Toward Closing
Once the parties agree to the transaction terms and all required documentation is completed, the transaction can proceed toward closing with the appropriate professionals.
Common Owner Financing Terms
Down Payment
The amount paid by the buyer toward the purchase price at closing.
Interest Rate
The rate used to calculate interest on the financed balance.
Loan Term
The period over which scheduled payments are made.
Balloon Payment
A larger payment that may become due before the loan is fully amortized, depending on the agreement.
Promissory Note
The document establishing the borrower's promise to repay according to the agreed terms.
Deed of Trust
A security instrument that can provide the lender with rights in the event of default.
Loan Servicing Fee
If professional loan servicing is used, a monthly servicing fee may apply for payment collection, processing, recordkeeping and disbursement services. Fees vary by servicing arrangement.
More Than Just Finding The Right Home
An owner-financed transaction can involve more than finding the right house. Depending on the transaction, buyers and sellers may also need to address insurance, bookkeeping, tax preparation, loan servicing, documentation and other transaction-related requirements.
Our firm brings multiple real-estate-related services together under one roof, giving clients a single point of contact for many of the services surrounding an owner-financed transaction.
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 and Real Estate Agent 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 to discuss how we can help you purchase a home in the San Antonio area with seller financing!
You can electronically complete our owner financing questionnaire by answering the questions below:
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Example Owner Financing Payment Scenario
Example only — actual terms vary by property, seller, buyer qualification and transaction structure.
- Purchase Price: $250,000
- Down Payment: $25,000
- Amount Financed: $225,000
- Interest Rate: 8.5%
- Term: 30 Years (no pre-payment penalty and no balloon payment)
- Monthly Principal & Interest: $2,286.31
- Estimated Property Taxes: $500.00
- Estimated Homeowners Insurance: $180.00
- Estimated Monthly Loan Servicing Fee: $25.00
- Total Monthly Mortgage Payment Including Taxes and Insurance: $2,991.31
Owner Financing Frequently Asked Questions
Can I buy a home with owner financing if my credit isn't perfect?
Potentially. Owner-financed transactions can have different qualification requirements from conventional mortgage loans, but approval depends on the specific transaction and applicable requirements.
How much money do I need for a down payment?
There is no universal amount. The required down payment depends on the property, seller and agreed-upon transaction terms. In some transactions, seller may request a down payment equal to 5%-10% of the purchase price.
Can I use owner financing for my primary residence?
Potentially. Owner financing can be used to purchase your primary residence in most instances.
Can I refinance later?
Yes. It is important to note that future refinancing depends on your financial situation, property value, lender requirements and other factors at that time.
Does owner financing mean I don't need to qualify?
No. Buyers should expect the seller or applicable financing parties to evaluate their ability to perform under the agreement.
Do I need an attorney?
You should consider obtaining independent legal advice regarding the transaction documents and your rights and obligations.
Why Work With Sams Realty Group?
One Point of Contact
We help you navigate the real estate side of the owner-financing process without having to figure everything out on your own.
Real Estate Experience
Work with a Texas-licensed real estate professional who understands the local market.
Owner Financing Experience
We focus on helping buyers explore alternatives to traditional mortgage financing.
More Services Under One Roof
Sams One Stop also provides related real estate, loan servicing and insurance services, allowing us to help clients navigate multiple aspects of real-estate transactions.
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
Important Disclaimer:
Owner financing transactions can involve significant financial and legal obligations. Availability, qualification, interest rates, down-payment requirements and other terms vary by transaction. Information on this page is provided for general educational purposes and is not legal, tax or financial advice. Buyers and sellers should consult appropriately licensed professionals regarding their individual circumstances and transaction documents.
Ready to Explore Owner Financing?
Whether you're just beginning your search or you've already found a property, we can discuss your goals and help you understand the next steps. Contact us via phone at (210) 788-1034, or via email at aaron@samsonestop.com. We'd love to speak with you to answer any questions you may have, or to schedule a free consultation to discuss how we can help you on your real estate journey!