Description
OWNER FINANCING IS AVAILABLE ! This finance program is designed for Buyers with cash income that Banks will not qualify them to purchase a home, must have good credit. Sellers will be willing to finance the home exactly like a Bank without the complicated process of getting a mortgage. Rate as low as 3.5% fixed and amortized for 30 years with 3 to 5 years Balloon payment for the remaining balance. EXAMPLE : 10% DOWN PAYMENT IS REQUIRED AND AVERAGE CLOSING COST IS $10750.002-Example of Monthly Payment : Loan amount to finance by the Seller is $350,000 @ 3.975% for 30 years fixed = $ 1665.91 Principle & Interest , 3 years Balloon payment Balance to refinance $330,666.87 and 5 years Balloon payment to refinance is 316,438.50 Buyers who they make the payment to a Loan Servicing company will handle collecting the monthly mortgage payment plus Taxes and insurance and they will also report to the Credit Bureau.
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3BEDS
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0.25ACRES
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1BATHS
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01/2 BATHS
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1,256SQFT
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$342$/SQFT
School Ratings & Info
Description
OWNER FINANCING IS AVAILABLE ! This finance program is designed for Buyers with cash income that Banks will not qualify them to purchase a home, must have good credit. Sellers will be willing to finance the home exactly like a Bank without the complicated process of getting a mortgage. Rate as low as 3.5% fixed and amortized for 30 years with 3 to 5 years Balloon payment for the remaining balance. EXAMPLE : 10% DOWN PAYMENT IS REQUIRED AND AVERAGE CLOSING COST IS $10750.002-Example of Monthly Payment : Loan amount to finance by the Seller is $350,000 @ 3.975% for 30 years fixed = $ 1665.91 Principle & Interest , 3 years Balloon payment Balance to refinance $330,666.87 and 5 years Balloon payment to refinance is 316,438.50 Buyers who they make the payment to a Loan Servicing company will handle collecting the monthly mortgage payment plus Taxes and insurance and they will also report to the Credit Bureau.
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2023-02-06T19:04:06.417.