Benefits of Owner Financing

Benefits of Owner Financing

In today’s market, an owner finance transaction is an excellent alternative to purchase or sell a home.

If you are in a position where you are unable to sell or buy a home, for whatever reason, you may wish to consider owner financing as an option.

Listed below are some of the benefits of buying a home using owner financing:

  • No Specific Credit Requirements
  • Minimal Processing
  • Quick Approval
  • Quick Closing
  • Low Closing Costs
  • More Flexibility
  • Homeowner Tax Deductions
  • Improves Your Credit (*if payments are being reported to the credit bureaus)
Owner financing is typically NOT based on credit score or credit history, this allows anyone with a will to own a home, an opportunity for home ownership. Every seller offering owner financing is different, for the most part they are offering financing for those that cannot obtain a mortgage today.