What is a Poconos Owner Financed Home ?
Having problems qualifying because of increasingly difficult bank mortgage guidelines, credit problems, or the need for a large down payment (10% or more)? Owner financing has always been here and in this market is the perfect way for you to get the home you want. Simply, if you have the Income (a Job) to pay the mortgage and have a modest down payment (or, even better, a large one), owner financing may be the best option for you.
Why Buy an Owner Financed Home?
- Easier to qualify, but be prepared to fill out a mortgage application.
- Less paperwork and less hassles. Owners make the decision themselves.
- No hidden fees
- Quick closings
- Payments can include property taxes and insurance