Seller Financed Houses (DUEÑO A DUEÑO) in North Texas

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I am one of the very few DFW Realtors who specialize in seller-financed transactions. Let’s work together!

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Save time:

Avoid pursuing strategies that will not work
Avoid wasting weeks and month on FRUITLESS SEARCHES online

Save money:

Avoid seller financing SCAMS that could cost you tens of thousands of dollars
Avoid OVERPAYING for run-down properties or homes with lots of structural problems
VERIFY that the seller can legally sell the property to you
Work with REPUTABLE INVESTORS who will not jeopardize your home by running away with the money, leaving you facing foreclosure

Get professional advice:

Avoid tricky seller financing CONTRACTS that could leave you empty-handed!
Get referrals to lawyers who could help you fight any LEGAL ISSUES
Get coaching on how to refinance your seller-financed loan into a traditional loan

How much does my assistance cost?

In most seller financing situations, I GET PAID BY THE SELLER, not by you.

WORK WITH A PROFESSIONAL REALTOR TO PROTECT YOU AND YOUR FAMILY FROM FINANCIALLY AND LEGALLY QUESTIONABLE DEALS

Tired of renting but can’t buy because of poor credit or no credit history?

Seller-financed home purchase (aka owner-financed purchase) may be a solution for your situation. Instead of good credit and lots of mortgage-related paperwork, they usually require a large down payment (typically 20% or more) and very little paperwork.

How much is 20%-25% cash to close? On a typical house of $250,000 this would translate to about $50,000 to $62,500 in cash to close. This will pay for your down payment, closing costs, and pre-paids such as insurance and taxes).

(note that if you used a conventional mortgage with 5% down payment, your cash to close on the same house would be approximately $20,000, not including the cash needed to outbid other shoppers on the market)

DO NOT HAVE A 20%-25% CASH TO CLOSE?

Short term private loans may be available to help to overcome the down payment and cash to close situations. Connect with us to discuss further.

Seller financing is a great solution for HIGH-INCOME, uncertain credit families who are

self-employed and take maximum business deductions
change jobs often or have recently changed their income strategy (going from W2 to 1099, for example)
have credit scores below 550 or have no credit history at all
had a negative life event (bankruptcy, divorce, etc) and are still recovering their credit
have income that is difficult to document in a way that would satisfy lender requirements.
do not have an SSN or do not have an immigration status that allows them to obtain a traditional mortgage

You will start by connecting with us to discuss your expected maximum monthly payment and down payment. Very often, your maximum loan amount depends on your maximum cash-to-close funds available.

The typical elements of seller financed transactions are:

There are significantly fewer homes available with owner financing than with traditional financing. Most home owners do not understand owner financing, and it takes a lot of research to find those home owners who would agree to an owner financing proposition.
Many owner financed properties need A LOT of work to make them look modern. In many cases, there are also a lot of structural repairs that need to be done. Those run-down seller financed homes could be good for a fix and flip project if you could get them at a good price
Many owner financed properties are owned by investors who set very high prices for fairly run down properties – and we will teach you how to avoid those money pits
Many owner financed properties are in pre-foreclosure status and the owner will need you to bring the loan current for the deal to work (that may be done instead of providing the owner with a down payment)
You and me work with the home sellers to negotiate the CASH TO CLOSE amount needed (typically it is around 20%-25% of the cost of the house, although 15%-20% cash to close deals can sometimes be found)
Typically, you will see a higher than usual INTEREST RATE (usually between 8% and 11% annually) – that rate will be in effect until you are able to refinance your seller-financed mortgage into a traditional mortgage
The home owner agrees to sell you the house with minimum income verification and without regard to past credit problems or immigration status

Should you buy a house through a seller-financed loan?

You should assess your financial situation very carefully to decide which type of financing (through a traditional mortgage lender or through seller financing) can be more beneficial.

When NOT use seller financing

If you do not have sufficient cash to close ($40,000-$100,000)

If your Experian credit score is 550+. In that case, try applying for rent-to-own or for a traditional mortgage, instead. There are mortgage programs that allow FHA loans with 550+credit and 10% down payment. Contact me for details.

Ready to start?

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We will reach out to you to discuss your needs and to recommend the properties that are available for seller financing.

Help me to share the message!

Elena Garrett, Realtor in Dallas Texas - My Blog

I am one of the very few DFW Realtors who specialize in seller-financed transactions. Let’s work together!

WORK WITH A PROFESSIONAL REALTOR TO PROTECT YOU AND YOUR FAMILY FROM FINANCIALLY AND LEGALLY QUESTIONABLE DEALS

Tired of renting but can’t buy because of poor credit or no credit history?

DO NOT HAVE A 20%-25% CASH TO CLOSE?

Seller financing is a great solution for HIGH-INCOME, uncertain credit families who are

The typical elements of seller financed transactions are:

Should you buy a house through a seller-financed loan?

Ready to start?

Fill out this short form to get started

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