What is Owner Financing?

Owner financing is a flexible and alternative method of purchasing real estate, offering individuals the opportunity to buy a property directly from the seller without involving traditional lenders like banks. In the case of our land in Texas, we provide owner financing options to our clients. This means that instead of securing a loan from a bank or mortgage company, buyers can enter into an agreement with us to make payments directly to us over a specified period.

To initiate the purchase, a down payment is required, typically around $10,000, although it may vary depending on the specific property. For precise information on the down payment amount, interested clients are advised to consult with our Land Specialists, who will provide the exact details based on the property of interest.

Our financing terms include interest rates of 9% over 10 years, 10% over 15 years, and 11% over 20 years. Notably, our owner financing approach eliminates the need for Private Mortgage Insurance (PMI), balloon payments, and penalties for early loan repayment, providing buyers with greater flexibility and the opportunity to achieve their homeownership goals on their terms.