There is no â€œgoing rateâ€ for owner financing. Each situation is usually different. The rate and terms are items to be negotiated between the buyer and the seller, with the rate usually a â€œlittleâ€ higher than bank rates. The size of the down payment and buyerâ€™s financial position and credit are factors that usually affect the rate. Keep in mind that owner financing is not normally for buyers with poor credit, but rather for those with situations that make it difficult to obtain conventional financing such as; self employment, job or career change, having another property to sell, etc.. I recently negotiated a 5 1/2% rate for my buyer for a commercial/residential property with the seller paying the commission. A lease with a purchase option could be better. If you are uncomfortable or inexperienced at negotiating, it could help to use the services of a professional realtor.