Frequently Asked Questions
Everything you need to know about buying a home with owner financing.
What is owner financing?
Owner financing (also called seller financing) is when the seller of a property acts as the bank. Instead of getting a mortgage from a traditional lender, you make monthly payments directly to the seller. You still get ownership of the home — the seller just holds a note for the balance.
Do I need a credit check?
No! That's the biggest advantage of owner financing. There is no credit check, no credit score requirement, and no bank approval needed. Your down payment and ability to make monthly payments are what matters.
How much do I need for a down payment?
Down payments vary by property, ranging from $10,000 to $100,000+. The exact amount depends on the property price and the seller's terms. We have properties available at various down payment levels to fit different budgets.
What are the monthly payments like?
Monthly payments depend on the property price, your down payment, and the terms agreed upon with the seller. They're typically comparable to or lower than what you'd pay with a traditional mortgage — but without the credit requirements.
Is owner financing legal?
Absolutely. Owner financing is a completely legal and well-established method of buying real estate. It's been used for decades and is recognized in all 50 states. All transactions are handled with proper legal documentation.
Do I actually own the home?
Yes. With owner financing, the deed is typically transferred to you at closing. The seller holds a promissory note and deed of trust (similar to how a bank holds a mortgage). You're the homeowner — you can paint, renovate, and make it yours.
How is this different from rent-to-own?
With rent-to-own, you're a tenant with an option to buy later. With owner financing, you're the OWNER from day one. You get the deed, you build equity, and you get all the benefits of homeownership immediately.
What if I have bad credit?
Bad credit is not a barrier with owner financing. Since there's no credit check, your credit score doesn't matter. We care about your ability to make the down payment and monthly payments — not your credit history.
How long does the process take?
Much faster than a traditional mortgage. Once you've found a property and made your down payment, closing can happen in a matter of days — not the 30-60 days typical of bank mortgages.
Can I refinance later?
Yes. Once your credit improves or market conditions are favorable, you can refinance with a traditional lender and pay off the seller's note. Many of our buyers use owner financing as a bridge to conventional financing.
What states do you have properties in?
We have owner financed properties available across the United States, with a strong presence in Texas, Georgia, Florida, and Arizona. New properties are added regularly — check our listings or contact us for the latest availability.
What's the interest rate?
Interest rates on owner financed properties vary and are set by the seller. They're typically in the range of 6-10%, which can be competitive with or better than subprime mortgage rates — especially considering there's no credit check required.