There are seller financed homes that usually require a down payment then pretty normal payment schedule. Your APR will be higher than any banks, probably around 8% or more. Just depends on the seller. I would caution to read every document in detail and maybe even get an attorney to review as these type deals usually can have strict requirements on the insurance you must maintain(such as windstorm which may be difficult in that area) and many leave paying the property taxes up to you each year which could mean a big tax bill that would need to be planned for. Some seller financed deals are about set up in the hope you pay for a few years then leave...not all. Your rights to resolve any issues may be limited such as if you were to get behind even a little on a payment. They usually allow for the seller to foreclose quickly leaving you very little time. Just be sure to read the fine print!... more
Loaded question...and depends on circumstance. If you are a teacher, fireman, policeman, or EMT, find a lender that does the Good Neighbor Next Door program. Most local Housing Authorities offer some sort of homeownership programs that will help with downpayment, and then the seller can pay up to 6% of the purchase price toward closing costs on an FHA.... more
In the 78411 area there are homes for rent. But just to let you know, the rental market/inventory in the Corpus Christi area is limited because our rental market is very strong. I would suggest calling a real estate agent who works with tenants and can help you find a rental that best suits your needs. I would be more than happy to help if you are still looking.
Keller Williams Realty