Owner Financed Homes in Austin and Houston

Are you looking for a home in Austin, TX or Houston, TX but have been unable to qualify for traditional bank financing? You’re not alone.   You may want to consider alternative options. 

Owner Financing, also called Seller Financing, is an effective way to sell real estate property when conventional financing is difficult to obtain.  Advantages for buyers include: Easy Qualification, Little or No Loan Costs, and Quick Closing.

Now you can search all available owner financed homes in Austin, TX or Houston, TX  here.  Visit our Owner Financing page for more information!

Owner Financing and Wraps 101

Wraps are non-qualifying seller financing transactions.  Under a Wrap, an existing seller loan or loans are not assumed by the buyer, but a seller financed loan is stacked on  the Prior Note or Notes.  The seller remains fully obligated for payments under the  Prior Notes and no relationship is established between buyer and  seller lenders . Buyer obligations are limited only to the terms of the Wrap note payable to Seller.

Owner Financing is when part or all of the purchase price, less the buyer’s down payment is carried by the seller.  If the property is free and clear, meaning the seller has clear title without any loans, the seller might agree to carry all the financing.  The buyer and seller agree upon an interest rate, monthly payment amount and term of the loan.  The buyer pays the seller for the seller’s equity on an installment basis.

If you have less than perfect credit, but are considering a home purchase, CONTACT US today for more information on owner financing, lease purchase properties, and wrap financing.