HOW DOES IT WORK?
OUR OWNER FINANCING PROGRAM
Buyer completes Rental Application.
Buyer pays 10% of purchase price as down payment.
Ex: Purchase price $100,000 x 10% (.10)=$10,000. Remaining balance to be mortgaged is $90,000.
The remaining balance will be paid monthly based on a 20 year AMORTIZATION table.
The loan will be ASSESSED an interest rate of 4-7 percent.
Buyer is responsible for Principal, Interest, Taxes, and Insurance (PITI).
The mortgage will balloon after 5-10 years.
Once all terms have been met, buyer receives Deed to the property!