If you are self employed, or can't show enough income to qualify for a mortgage loan, we offer owner financing with the options below.
10%-20% Down Payment
Owner Financing @ 7.99% fixed
interest for 36 months.
At the end of 36 months, The
interst rate will be variable.
Lease with option to purchase
• There will be an initial down payment required of at least $10,000 (this will all go into the escrow account).
• Monthly lease payment will be 1% of the purchase price with 25% of the monthly payment going into the escrow account.
• When the escrow account reaches 20% of purchase price, escrow is applied as the completed down payment and the mortgage note will be financed at 7.99%.
Purchase Price: $150,000.00
Initial Down Payment: $10,000.00
Monthly Payment: (1%) $1,500.00
75% of monthly payment going to rent: $1,125.00/mo.
25% of monthly payment going to escrow: $375.00/mo.
When total escrow reaches $30,000.00
this will be applied as the completed down payment
and loan will be financed at 7.99%.