Buyer Criteria (For Owner Financing)
For buyers seeking an alternative to traditional mortgage financing, our owner-financing option provides a flexible and accessible pathway to homeownership. Here’s what we look for in potential buyers:
- Stable Income: Buyers should demonstrate a stable source of income to ensure they can make monthly payments.
- Credit History: While traditional credit scores are not always required, we evaluate your financial situation on a case-by-case basis. We look for a reliable payment history or ability to demonstrate financial responsibility.
- Down Payment: A reasonable down payment is required to secure your home. The amount may vary depending on the home’s price and the buyer’s financial situation.
- Commitment to Homeownership: We want buyers who are ready to commit to homeownership and are motivated to maintain the property.
- Ability to Meet Terms: Buyers must agree to the terms of the owner-financing contract, including monthly payments and the agreed-upon loan duration.
