What are the advantages of owner financing to the buyer?
- Since there is no bank involved, qualifying for the mortgage is simple. We approve the buyer based on their ability to repay the loan.
- We do not charge for mortgage points and origination fees like traditional mortgage companies. Also, there is no required appraisal, inspection, or survey.
- The mortgage financed property will not appear on your credit report and will not affect your credit score.
- Since our payment is structured with a short term (years) than traditional financing, more of your payments go to paying the home off giving you more equity in a shorter period.
I have bad credit. Can I still buy a home with owner financing?
Absolutely! You can still purchase a home with owner financing. Having a low credit score does not disqualify you from owner financing.
I am self-employed. Can I buy a home with owner financing?
Again the answer is YES. Since we do not look at your tax returns, being self-employed is not held against you.
How does your owner financing work?
We offer owner financing where we can sell you the home without you having to qualify for a loan at a bank. For all intensive purposes, we are the bank, and we make the final and immediate decision. For more information about our process click here.
How fast can I move into my new home?
You can move into the home in about a week. The standard closing time is 2-3 weeks.
How do I reserve the home?
Since our homes usually sell fast, our homes can be reserved before repairs are complete by putting down a non-refundable deposit. Contact us for details.
What cities or areas are your homes offered?
Easy Buy Homes sells homes in Arlington, Bedford, Colleyville, Fort Worth, Grapevine, Haltom City, Hurst, Euless, Keller, North Richland Hills, Saginaw, Southlake, Richland Hills, and Watauga. We mostly sell owner finance homes in Tarrant County but may one day serve Dallas County as well because we have had many requests to expand into Dallas.
What is the required down payment in your program?
It depends on the property but usually between 5-10% of the sales price. The down payment is our security. The more you can put down, the better terms we offer to you and the lower your payment will be. The more the borrower is willing to invest n the home, the more comfortable we are in making the loan so we will give incentives to people who are willing to put down a larger down payment. At times, we will lower the interest rate, or even match the funds that are put down that are above the minimum down payment to encourage a large investment. Don’t hesitate to call for details.
Does Easy Buy Homes have a trade in program?
Yes, we have a trade-in program where we buy your existing home so you can buy one of our homes. We also have a trade-in program where you can trade in your current Easy Buy Home for another one of our homes in our inventory.