Here at Buyer Investor Match, we help credit-challenged people to buy their dream homes with owner financing. Owner financing is a great option for them because they can’t obtain mortgage from a conventional lender due to their low credit score or other reasons such as the lack of social security number, foreign nationality and self-employment (Related article: 5 ‘weird’ reasons why banks may turn down your mortgage application).

Owner financing anyway offers many advantages, but since we have tailored this financing model to suit our Buyer Investor Match program, it is particularly beneficial to people struggling with credit.

Under our program, you:

• borrow from an investor in our network
• don’t need to make any balloon payments
• can refinance any time you want to
• And, don’t pay any pre-payment penalties

Another major advantage of owner financing is that it can help you build your credit score (Related article: How can owner financing help you build your credit score?). Your credit score will improve when you make your monthly payments on time because they will be reported to the credit bureaus including Equifax, Experian and TransUnion.

What is credit score and how is it measured?

Credit score is measured based on your credit history. If you had a credit card debt or a student loan in the past and paid it off on time, you will have a good score. All lenders report your discipline or the lack of it about your payments to the credit bureaus. Your credit score will drop if there are missed payments showing up on your credit report.

When you make a mortgage application, the lender will take into consideration your credit score and determine your credit worthiness. If your credit score is low, you won’t be able to qualify for a mortgage.

You can get a free copy of your credit score once in a year from any of the credit rating agencies – Equifax, Experian or TransUnion.

How can owner financing help you build your credit score?

Under our Buyer Investor Match program, an investor from our network will extend credit and owner finance a home of your choice to you. A note servicing agency will handle your monthly payments to the investor. The note servicing company will report your timely payments to the credit rating agencies just like a conventional lender does. Your credit score will go up as you make monthly payments on time.

Once your credit score is high enough, you can refinance with a bank. You can pay off your owner financing loan. You can even cash out the equity in your home and use the money to pay off your other debts such as a credit card loan.

Interested in learning more about our program? You can buy a home with no credit check or income verification. We will help you overcome all credit challenges. Just fill out the form below to set an appointment using our online scheduler….