We provide owner funding to really make it possible for our customers to acquire a property. You can easily simply take control of a residential property more speedily than purchasing a house with old-fashioned home loan funding because our approval procedure is easy and quick.
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Owner Financing*
Owner financing* can be obtained for the houses, city domiciles, along with other domestic properties.
To qualify to purchase certainly one of our domestic properties, you need to provide us with proof of 12 consecutive months of leasing re payments and proof that your particular debt that is monthly the payment per month of the property, isn’t a lot more than 43percent of the pretax earnings. This might consist of:
* Georgia properties are financed differently from those who work in Texas.
Bankruptcy
You may be required to put a larger down payment if you or any of the borrowers have filed bankruptcy. In the event that you have a working bankruptcy, may very well not qualify for our owner funding system.
No Credit Needed
We don’t require a credit history; nevertheless, we are going to get your credit history and can validate the after information:
In addition you have to:
The sum total payment that is monthly the home loan should be pre-determined at the time of the pre-qualification centered on present responsibilities and can consist of:
No Closing Costs in Texas
There are not any closing expenses; but, our company is necessary to collect the following costs at closing:
*Closing Costs in Georgia for investors
Required costs are as follow:
(for homestead owner that is, please phone a product product sales professional for details)
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