FREQUENTLY ASKED QUESTIONS??
How does your financing work?
We
offer owner financing to qualified buyers, therefore you can buy a home
without bank qualifying. We are the bank and we make the final and
immediate decisions.
How much Down Payment do I need?
We
are very flexible with the down payment. We can offer you many options
and we will always do our best to work with whatever funds you have
available.
Do you offer Down Payment Assistance Program?
Yes,
we do. If you’re a bit short on the down payment but have strong
income, we can set up a monthly payment plan to make payments toward
your down payment.
What other methods of down payments are accepted?
You
may be eligible to withdraw or borrow from your retirement plan to
purchase a home. We will also consider many things as a trade such as
your home, mobile home, vehicle, stocks bonds, etc.
How does your Lease Purchase Program Work?
We
can lease you the home with the exclusive right to purchase it at a
later date. Our buyers love it because it gives them time to save up for
a larger down payment, clean up past credit problems, or sell another
home. We are obligated to sell to you, however you are not obligated to
buy. 100% of your down payment is credited towards the purchase price of
the home when you purchase the home.
What is the interest rate on your owner financing?
We
are flexible with our terms to meet your needs. The interest rate
depends on the amount of money you put down and your application.
How do I reserve this home?
All
we would need is your application completely filled out. We will then
contact you about the earnest money process. Please keep in mind our
homes sell quickly, so time is of the essence.
Can I buy this home with no down payment?
Yes...
if you can qualify for new financing. Our lenders have different
programs that are available if you meet the requirements.
No...
if you can’t qualify for new financing. Both our owner financing and
lease purchase programs will require a down payment. The more you have
down the better your chance of acceptance and the better your terms.
What determines whether I can buy with owner financing or lease purchase?
If
your credit is good and you can qualify for a loan and you have a good
down payment, the choice is yours. We’ll lay out your options and you’ll
decide which is best for you.
If
your credit is not so good or you can’t or won’t qualify for other
reasons and have a good down payment, the size of your down payment may
be the deciding factor. The more you have down, the better chance you
have with owner financing. Smaller down payments may qualify you for a
lease purchase where you can build up to enough for our owner financing
with our down payment assistance program discussed above or future
capital you acquire on your own.
What if I don’t like this house but I want to stay on your buyers list?
Simply go to “Buy A House” & tell us what you are looking for in your next home!