Seller May carry Homes For Sale
Seller May Carry Arizona Homes For Sale See seller carry or owner financing homes for sale in Arizona, also known as "Owner Financing. Edit this actual MLS search by city, home features or map.
Can't qualify for a home loan? Need creative alternative financing? The sellers may carry the mortgage on these homes for sale with a down payment.
Sellers that own their homes free and clear may offer "Seller May Carry" terms typically with a down payment of 20-35% (rarely lower) and often with interim financing terms of 3-5 years to the Buyer with a balloon payment. Don't expect market interest rates from the Seller. If you want a low down payment and low interest rates see Home Lender.
For Buyers that have had a foreclosure or short sale owner or seller financing may be an option if they cannot obtain an FHA, VA or conventional mortgage which would cash out a Seller. Using the interim financing from the Seller until a new mortgage can be obtained by the Buyer can result in a successful home purchase. The Seller carry mortgage rate is determined by the individual Seller based on their personal risk tolerance, the amount of the down payment, credit application and financial condition of the Buyer. A Buyer, should expect to submit an application to the Seller as just having proof of funds alone for the down payment will not be enough. Providing proof of funds, credit application and a letter explaining from the Buyer will have to be presented to the Seller for consideration.
Ask Jeff Masich for help if you are interested and watch my video on Seller Fianncing.