Owner Financing*

Owner financing* is available for our lots and commercial properties. 

All you need is a job

To qualify to buy a commercial property or land, you must provide us with evidence of 12 consecutive months of rental payments and have a job that pays you 4 times more than the monthly payment for the property that you have selected to purchase. A down payment is required for our owner financing program.

Bankruptcy

If you or any of the borrowers have filed bankruptcy, you may be required to put a larger down payment. If you currently have an active bankruptcy, you may not be eligible for our owner financing program.

No Credit OK

No credit ok; however, we will verify the applicant(s) information:

• Last years of employment
• Last 2 months of pay stubs
• Last year of rental history (lease agreement, canceled checks, and receipts)
• Utility bills (gas, light, or water)

We qualify applicants based on their monthly income. The monthly payment must be less than or equal to 1/4 of your monthly income. The total monthly payment on the mortgage will have to be pre-determined at the time of the pre-qualification and will include:

• Principal
• Interest
• Escrow amounts for taxes and insurance.
• Loan servicing fee

No Closing Costs in Texas

There are no closing costs; however, we are required to collect the following charges at closing:

• *$198 to record the deed in the buyer(s) name. Subject to change.
• 1st year of prepaid insurance
• Two months property tax escrow
• Two months insurance escrow
• Prorated interest

*Closing Costs in Georgia for investors

Required costs are as follow:

• 1st year of prepaid insurance
• Four months property tax escrow
• Two months insurance escrow
• Prorated interest
• Attorney fee (tbd)
• Transfer tax/recordation (tbd)
• Title Policy (Optional)

(for homestead /owner-occupants, please call a sales specialist for details)

* All prices and information are subject to change without notice

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