Safe and Trusted Alternative for Homeownership
Third-party owner financing programs provide a unique solution for buyers unable to secure traditional financing while opening up the market for sellers to a wider pool of potential buyers. This innovative financing strategy involves a third-party investor purchasing the property and providing owner financing to the buyer.
- Foreign Nationals Welcome: Ideal for individuals who may not meet traditional lending criteria.
- NO Balloon Payments: Financing terms are straightforward, with no unexpected large payments.
- Rebuild Your Credit: On-time payments can help buyers improve their credit score over time.
- Stated Income Accepted: Buyers with non-traditional income documentation are welcome.
- Tax Identification Number (TIN) OK: Self-employed individuals or those with a TIN can qualify.
- Deed in Your Name: Buyers receive full ownership rights to the property.
- NO Income Verification: Simplified qualification process without traditional income verification.
- Full Transparency Program: Clear, straightforward terms ensure buyers understand every step.
- No Time on Job Requirement: Flexibility for buyers without employment duration restrictions.
- NO Sourcing or Seasoning of Funds: No requirement for lengthy fund verification processes.
Eligible Homes:
- Single-Family Homes Only: This program is geared specifically toward single-family residences.
- Loanable Condition: Homes must be in a livable state (no major issues like large roof holes, lack of air conditioning, or missing flooring).
- Not for Rehab or Special Properties: Excludes rehab homes, condos, mobile homes, flood homes, or land purchases.
Benefits for Buyers:
- Access to Homeownership: Especially beneficial for self-employed individuals, foreign nationals, or buyers without conventional income verification.
- Flexible Terms: Financing is available for up to 30 years, with no credit checks or prepayment penalties.
- Rebuild Credit: Regular payments can positively impact credit scores.
Benefits for Sellers:
- Expanded Buyer Pool: Sellers can market their property to a larger audience, including buyers who don’t qualify for traditional loans.
- Faster Closing: Transactions can be completed in as little as 30 days.
- Higher Sale Potential: Flexible financing options can justify a higher asking price.
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