Owner financing is such a genuine and legit concept that many wonder as to why a lot of home buyers and sellers aren’t exploring this financing option. Most people approach conventional lenders to finance their home deals. Similarly, sellers want to make sure the buyer is pre-approved from a conventional lender before accepting an officer.

In an owner financing arrangement, the buyer borrows from the lender. In other words, the seller assumes the role of a lender and extends credit to the buyer. The buyer pays monthly mortgage installments to the seller, instead of a third-party lender or a bank.

If you are in the market looking for an owner-financed home, you may be disappointed over the lack of choices. There are no dedicated property sites where sellers list homes with an owner financing option. If you are wondering why you should buy an owner-financed home, check out this blog: Four benefits of buying a home with owner financing

What it basically means is that finding owner-financed homes is difficult. Most home sellers don’t understand this great financing concept and as a result, they are skeptical. Moreover, the majority of homeowners want to get full proceeds from the sale as they either plan to buy another home immediately after selling their existing one or use the money for something else.

So how to find an owner financed home? We will tell you a secret that will make it extremely easy for you to find one. But before letting you in on this secret, let’s discuss some common tips:

• Real estate professionals such as realtors and real estate attorney may help you find a home that the seller is willing to owner finance. Another option is to find a home that you want to buy and ask your agent to discuss with the listing agent whether the seller will be willing to consider the owner financing option.
• You can also ask your agent to run an MLS search for homes that the sellers are willing to owner finance.
• Search listings on popular property listing sites with keywords such as ‘owner financing’ and ‘lease with an option to buy’.
• Randomly contact the owner of For Sale by Owner (FSBO) properties and ask if they are willing to owner finance.

Needless to say, it will still take a lot of efforts to find an owner financed home even if you follow any or all of these tips.

The Easiest Way

Here at Buyer Investor Match, we help credit-challenged people buy homes. Our program enables them to buy any home they want with no credit check or income verification. The magical concept of owner financing is what we leverage to make this happen. But when finding owner financing deals are so difficult, how does our program enable credit-challenged people to buy any home they want.

Under our program, an investor from our network buys a home of your choice from a regular seller and then owner finance it to you usually on the same day. So instead of the seller, you buy the home from one of our investors. You pay the monthly mortgage installments to the investor through a third-party note servicing company and put the property as collateral. You would do the same when financing your home deal with a conventional bank. If you want to know how mortgage payments work in an owner financing arrangement, check out this blog:

How mortgage payments work in owner financing: A comparison

Interested in learning more about our program which helps people buy homes without any credit check and income verification? Just click on the GET STARTED button below to set an appointment with us using our online scheduler: