Frequently Asked Questions: Buy A Home With Owner Financing or Home Buying Program
- What does Owner Financing mean?
- What if I have bad credit?
- Can I choose ANY home I want with the Home Buying Program?
- What is the buying process?
- What are the requirements?
What does Owner Financing actually mean?
Owner financing, also known as seller financing, is when a buyer finances the purchase of property directly through the person or entity selling it. This often occurs when the prospective buyer cannot obtain financing through a conventional mortgage lender.
If this applies to your situation, Love Investors helps folks like you buy a home with owner financing or a home buying program in Dallas - Fort Worth. We partner with other companies, investors and property owners to provide financing and homes for your path to homeownership. We know that every person, family and situation is different so we do our best to provide creative solutions to help you own the home of your desires.
What if I have bad credit? Can I still buy a home with Owner Financing?
Yes you can! Many people with bad credit, bankruptcies, judgments, liens, and even foreclosures can still buy a home when working with us.
Love Investors specializes in helping people who have been through tough circumstances (or just made mistakes in the past). Considering credit challenges, you can expect a typical owner finance interest rate of 9% to 10%. You will also have the option to refinance anytime without penalty.
You don’t have to wait for good credit to get started on your way to more stability and security. Regardless of your past, NOW IS THE TIME TO INVEST IN YOUR FUTURE.
Can I choose ANY home I want with the Home Buying Program?
The property has to be valued for at least $100,000 and insurable…no fire damaged or condemned properties.
To lessen risks to investors who fund the home buying program, homes within city limits are preferred…sorry NO rural property or mobile homes.
And while credit is not a major factor, the program IS income based. Your approved purchase amount will be dependent on the verified household income.
We want to set you up for success as a homeowner!
What is the home buying process?
Love Investors‘ buying process with owner financing or a home buying program is actually pretty simple:
- the first step into your next home –> sign up now with the short form below
- fill out an application and provide needed documents later
- get pre-approved BEFORE your home search
- FOR OUR “LIST” of homes go here… tour homes that are for sale with an agent or by owner (may require an inspection & appraisal)
- the home you want will be bought on your behalf then owner financed to you
- close on your new home & move in!
THAT’S IT! We help you avoid bank qualifying and streamline your process to homeownership!
What are the REQUIREMENTS to buy a home with Owner Financing?
✅ driver’s license or passport
✅ social security card or ITIN #
✅ home MUST be in the Dallas – Fort Worth metroplex
✅ $100,000 – $300,000 sales price (does not include closing costs)
✅ proof of income (tax returns, pay stubs, and/or bank statements)
✅ application fee (covers credit check, exceptions can be made for evictions & foreclosures on a case by case basis)
✅ approximately 18% to 20% of sales price due at or before closing (at LEAST $18k-$20k, includes down payment and closing costs; down payment goes toward the principal)
*For those who don’t have the required down payment to buy a home with owner financing, “rent to own” can be an easier path to homeownership. Love Investors can help you with this process also. If you have LESS THAN $18k, CLICK HERE for a breakdown of “rent to own” and how you can use it to buy a home.
If you meet ALL the above requirements to buy a home with owner financing and are ready for the opportunity for you or your family, fill out this quick & easy form NOW to get started!
Buy A Home (Comprar Una Casa)Owner Financing - Rent To Own - Home Buying Program (Financiamiento Propietario - Alquiler Con Opción A Compra - Programa De Compra De Vivienda)
Buy A Home With Owner Financing
Addison, Allen, Arlington, Balch Springs, Bedford, Benbrook, Burleson, Carrollton,
Cedar Hill, Colleyville, Coppell, Crowley, Dallas, Desoto, Duncanville, Euless,
Farmers Branch, Flower Mound, Forest Hill, Forney, Fort Worth, Frisco, Garland, Glenn Heights, Grand Prairie, Grapevine, Haltom City, Henderson, Hurst, Irving, Keller, Lancaster, Lewisville, Longview, Mansfield, Marshall, McKinney, Mesquite, Nacogdoches, North Richland Hills, Oak Cliff, Plano, Richardson, Red Oak, Rockwall, Tyler, Rowlett, Saginaw,
Seagoville, Southlake, The Colony, Watauga, Wylie