Frequently Asked Questions (FAQ)
General questions about our company, service, and properties we offer on this website:
- What does Owner Financing actually mean?
- What is the Owner Financing process?
- What if I have bad credit? Can I still get a home with owner financing?
- Is there a required down payment?
- What are the benefits of owner financing?
- What are the requirements of an owner financing arrangement?
What does Owner Financing actually mean?
When a property buyer finances the purchase directly through the person or entity selling it. This often occurs when the prospective buyer cannot obtain funding through a conventional mortgage lender.
We help lots of folks like you to purchase the home of their dreams with our Dallas Fort Worth owner financing program.
Fill out the form below to get started on your way to homeownership!
What is the Owner Financing process?
The owner financing process is actually pretty simple.
Once you’ve seen one of our fantastic properties, we’ll give you an application to fill out. Don’t worry – we help people with all kinds of credit and financial situations, and if you can afford the property, we can probably help you to own it.
We help you avoid bank qualifying and streamline the process to homeownership. You will need a certain amount of a down payment in household monthly income and we need to verify that you have the ability to make the monthly payments. We do this for your protection so we know you will be able to afford the home you want.
That’s the process!
The first step – sign up to find great properties around Dallas Fort Worth just by filling out the form.
You’ll get immediate access to great Dallas Fort Worth homes, plus a whole lot more.
Sign up and get started now!
What if I have bad credit? Can I still get a home with Owner Financing?
Yes, you can! Many people with bad credit can still buy a home without a bank.
Every situation is different, but we specialize in helping people who have been through tough circumstances (or just made mistakes in the past) to get started on the path to a great financial future and homeownership.
So fill out the form at the bottom of this page NOW and get your piece of the American dream!
What are the benefits of Owner Financing?
There are a lot of benefits of owner financing!
In the Dallas Fort Worth area, lots of smart people are using owner financing as a way to get the home of their dreams without having to qualify for a bank loan. Plus you are saving thousands on closing cost or points that are standard with dealing with a traditional mortgage or lender.
In the past few years, banks have been very tight on their lending criteria.
So don’t wait! Get started now by filling out the form at the bottom of this page.
Is there a required down payment?
Yes, but we can be very flexible.
Our Dallas Fort Worth homes range in prices and typically require a down payment of 10 to 20%, plus your closing costs. We have found that this is the best price range to find homes that are in decent neighborhoods where people want to own a home and raise a family.
So don’t wait! Get started now by filling out the form at the bottom of this page.
What are the requirements of an Owner Financing arrangement?
We know that every person, family, and the situation is different.
We do our best to help you uncover creative solutions to help you own the home of your dreams.
Once you’ve had a chance to check out the house, you’ll fill out an application that will include detailed information on everyone living in the home.
We’ll conduct a credit check and verify the income(s) for everyone over 18 who is living in your household to confirm that you’ll be able to make your monthly payment.
We’ll speak with your references and previous landlords because relationships matter to us more than just scores assigned by a computer.
How Can I Be Notified of New Properties Available?
That’s simple. We have an automated priority Buyer List system that once you have Registered, will send you an email notice when we buy a property that is similar to what you are asking for so you can go view the property quickly before the mass marketing we do starts driving in a lot of potential buyers. As you might imagine, our homes go quickly so be sure to sign up NOW and check your email frequently.
How Does Your Financing Work?
Our owner finance program is designed specifically for buyers that maybe have some credit challenges or may be self-employed and need additional time to build up a larger down payment before qualifying for a new mortgage. We can also make recommendations to you on who you can trust to help you with credit repair/management. We offer creative owner financing terms to buyers allowing you to purchase your “Dream Home” without you having to qualify with a bank today, and we offer very fair terms. This type of transaction allows us to close very quickly in most cases.
How Much Down Payment Do I Need?
We are flexible with the down payment. We can offer you many options and we will always do our best to work with whatever funds you have available. In some cases, you can even start out on a lease and then move to owner financing at a later date when you have the down payment required. The more you put down the better the terms we offer you. (This is hard to beat)
What Methods Of Down Payment Are Accepted?
Unlike most conventional lending institutions, we accept borrowed or gifted funds for your purchase. If you have a close friend or relative willing to lend you money for your down payment you can use that for our programs. You may also be eligible to withdraw or borrow from your 401K / retirement funds to purchase a home without penalties and you can also do a credit card advance as well. We will also consider trades for part or all of your down payment. Let’s talk and see what we can agree too.
Do You Offer Down Payment Assistance Programs?
Yes, we do. A lot of times if you are a bit short on down payment we can set up a monthly payment plan spread out over 6-12 months. We will work with you the best we can.
How Does Your Lease Purchase Program Work?
The laws have changed in Texas a few years ago and essentially have made lease purchase or lease options so hard to comply with that most investors have stopped offering them including us here at TMC Property Solutions. We may, however, be willing to rent a home to you and offer to sell it to you at some point in the future. Our buyers love it because it gives them time to save up for a larger down payment; time to clean up past credit issues, time to sell another home, and also time to try out the neighborhood before buying. We’d be happy to discuss your options. (NOTE OF CAUTION: Be sure to check out the investor or company you are speaking with about possibly doing a lease-purchase with thoroughly on the BBB site so you know who you are dealing with before signing a lease-purchase agreement.)
What Is The Interest Rate On Your Owner Financing?
We have many different financing plans available to meet your needs. For us to find the BEST financing plan for you all you will need to do is send the no cost, no-obligation, Easy Online Application and the Authorization to Release Information form. We work with good, fair, and ugly credit, and applications are necessary to verify income and employment. We will then get back to you within 24 to 48 hours in most cases. One benefit we offer you is, the larger the down payment the lower the interest rate we will offer you for your purchase, therefore lowering your monthly payment.
I Love The Home, What’s The Next Step?
All we need is your Application. You can even fax it in (1 (817) 725-4850) or email to the address at the bottom of the application for faster processing! We will then contact you within 24 to 48 hours once we verify income and employment. Please keep in mind that our homes sell quickly so time is of the essence so we need to talk as soon as possible.
If you have additional questions please give our office a call at (817) 599-8058.
P.S. Don’t forget to Sign Up to receive our buyers “email alerts” of our new property listings as they become available and subscribe to our BLOG to follow us and receive email notices concerning the real estate industry and owner financing.
TMC Property Solutions
When Rent When You Can Own? Own A Texas Home Today!
www.OwnATexasHome.com
Accredited Business And A+ Rated Members of the Fort Worth BBB
We love helping great folks to reach their dreams, so don’t be afraid – fill out the form below to get started!