I will have to agree with Maureen. Check out the usuary laws. There are maximum interest rates. Typically, the rates for an REC is 3-5 percent higher than the market rate is. So, you're looking at about 8% for owner financing. If you need help making an offer for owner financing, I will be more than happy to write it up for you. You also need to make sure that before making an offer on owner financing property that we do a market analysis to make sure you are not paying over and above market value in that area. My email is email@example.com and my cell is (505) 400-3307.