Frequently Asked Questions
General questions about our company, service, and properties we offer on this website:
- What does Owner Financing actually mean?
- What is the Owner Financing process?
- What if I have bad credit? Can I still get a home with owner financing?
- Is there a required down payment?
- What are the benefits of owner financing?
- What are the requirements of a owner financing arrangement?
What does Owner Financing actually mean?
When a property buyer finances the purchase directly through the person or entity selling it. This often occurs when the prospective buyer cannot obtain funding through a conventional mortgage lender.
We help lots of folks like you to purchase the home of their dreams with our Phoenix Area owner financing program.
What is the Owner Financing process?
The owner financing process is actually pretty simple.
Once you’ve seen one of our fantastic properties, we’ll give you an application to fill out. Don’t worry – we help people with all kinds of credit and financial situations, and if you can afford the property, we can probably help you to own it.
We help you avoid bank qualifying and streamline the process to home ownership. You will need a certain amount of a down payment in household monthly income and we need to verify that you have the ability to make the monthly payments. We do this for your protection so we know you will be able to afford the home you want.
That’s the process!
First step – See Homes Available Here around the Phoenix Area…
Next step – Get Alerts Here to be notified about new properties as they become available – because they go fast!
Sign up and get started now!
What if I have bad credit? Can I still get a home with Owner Financing?
Yes you can! Many people with bad credit can still buy a home without a bank.
Every situation is different, but we specialize in helping people who have been through tough circumstances (or just made mistakes in the past) to get started on the path to a great financial future and home ownership.
What are the benefits of Owner Financing?
There are a lot of benefits of owner financing!
In the Phoenix Area area, lots of smart people are using owner financing as a way to get the home of their dreams without having to qualify for a bank loan. Plus you are saving thousands on closing cost or points that are standard with dealing with a traditional mortgage or lender.
In the past few years, banks have been very tight on their lending criteria.
Is there a required down payment?
Yes but we can be very flexible.
Our Phoenix Area homes range in price from $150,000 to $3,000,000 and typically require a down payment of approximately 5%. We have found that this is the best price range to find homes that are in decent neighborhoods where people want to own a home and raise a family.
What are the requirements of a Owner Financing arrangement?
We know that every person, family and situation is different.
We do our best to help you uncover creative solutions to help you own the home of your dreams.
Once you’ve had a chance to check out the house, you’ll fill out a application that will include detailed information on everyone living in the home.
We’ll conduct a credit check and verify the income(s) for everyone over 18 who is living in your household to confirm that you’ll be able to make your monthly payment.
We’ll speak with your references and previous landlords, because relationships matter to us more than just scores assigned by a computer.
We love helping great folks to reach their dreams, so go ahead, give us a call or contact us HERE.