OWNER FINANCING IS AVAILABLE ! This finance program is designed for Buyers with cash income that Banks will not qualify them to purchase a home, must have good credit. Sellers will be willing to finance the home exactly like a Bank without the complicated process of getting a mortgage. Rate as low as 3.5% fixed and amortized for 30 years with 3 to 5 years Balloon payment for the remaining balance. EXAMPLE : 10% DOWN PAYMENT IS REQUIRED AND AVERAGE CLOSING COST IS $10750.002-Example of Monthly Payment : Loan amount to finance by the Seller is $350,000 @ 3.975% for 30 years fixed = $ 1665.91 Principle & Interest , 3 years Balloon payment Balance to refinance $330,666.87 and 5 years Balloon payment to refinance is 316,438.50 Buyers who they make the payment to a Loan Servicing company will handle collecting the monthly mortgage payment plus Taxes and insurance and they will also report to the Credit Bureau.
Listed by Sam Moustafa of Trademark Realty Brokers
