Frequently Asked Questions

Q. What will the interest rate be?

A. The interest rate depends on your credit history. You will find that OwnerFinance.com will provide interest rates that are very competative with most banks or lending institutions. OwnerFinancer.com does not make profits by marking up interest rates. Interest rates are determined by your credit rating, current market conditions and the length of the note. The better your credit rating is... the better your interest rate will be... and visa versa.

Q. Is a down payment required and if so how much?

A. Yes, usually, the down payment required is determined by your credit rating and an appraisal on the property. OwnerFinancer.com may finance up to 100% of the value of the property. Down Payment must be paid in full at closing in order to purchase the property.

Q. Are there any closing costs?

A. Yes? The closing costs on most any house deal are: Appraisal, Termite Inspection, Title Search, Title Insurance, etc. These types of closing costs are for the benefit of the prospective homeowner and are paid for by the prospective homeowner.

Q. What are the terms of the owner financing provided by OwnerFinancer.com?

A. OwnerFinancer.com offers the best terms available for HomeBuyers based on their credit rating. Terms of 5, 10, 15, 20, and 30 year notes can be arranged. Interest Rates are FIXED. Terms available are based on your credit rating.

Q. Are the interest Rates Fixed or Adjustable (ARM)?

A. OwnerFinancer.com does not offer (ARM) adjustable rate mortgages because we do not believe that they are a good deal for the Homebuyer. All Owner Financed Mortgages offerd by OwnerFinancer.com have FIXED interest Rates.

Q. How long will it take for approval after making application?

A. Usually approval is done in 10 business days or less. You will be notified by email, telephone, and by mail.

Q. What happens after Approval??

A. You begin shopping for a house in the approved price range. Please visit our webpage on Shopping For A House for some advise on how to get the best deal on a house because the better the deal you find for a house the lower your monthly payments and the lower your down payment will be.

Click Here to visit the Shopping For A House page.

Q. Will OwnerFinancer.com sell or give the information provided to anyone?

A. We will not sell, or give or distribute in any way your confidential information except as needed for credit approval.

Q. Who pays the property taxes on the property?

A. The home owner.

Q. Who pays the insurance on the property?

A. The home owner.

Q. What if I need to sell my existing house in order to purchase another?

A. In this case the "Offer to Purchase" made on the property you select would be made "contingent" on the sale of said property. The closing on the property would usually then need to wait for said sale to occur.

Q. Are there any fees?

A. Yes -- There is a $29 investigation fee to apply.

Q. O'kay, I have a question that was not covered here. How can I get in touch with you for additional information?

A. Click this link for our contact information.

Q. Does OwnerFinancer.com provide financing on vacant land or investment property or rental property?

A. No -- You must live in the house financed by OwnerFinancer.com. If you purchase a house using financing provided by OwnerFinancer.com then rent out any portion of the property your note becomes due and payable in full at that time. If you are not using the house financed by OwnerFinancer.com as your primary residence then your note becomes due and payable and payable in full.

Thanks for your interest in OwnerFinancer.com!