Yes, I have a house near Crowley H.S. that is less than one year old that I am selling with Owner Financing. Details below.
With respect, djean65's response is not accurate: almost everything is the same if your financing comes from a bank or from the seller: you get title to the property when you close at the title company, the lender will put a lien on the property until the loan is paid off, if you miss too many payments your lender will foreclose, if you are making payments the lender will not legally be able to foreclose, and you are perfectly free to have a lawyer review the paperwork prior to close. (In fact, I recommend it.)
What is different is that banks have more strict qualifications on who they will lend to than owners. On the other hand, banks generally offer lower interest rates. If you can qualify for a bank loan, your payments will probably be a little cheaper.
Lynn911 claims there are "tons" of reasons not to use owner financing but doesn't actually list any. Of course, those who use owner financing don't need to use her credit repair or real estate agent services, perhaps her #1 reason for not recommending it?
The house I'm selling is a 3 bed, 2 bath 2 car garage single level 1490 sq. ft. that was built less than a year ago. It features an open concept floor plan with granite kitchen counter-tops, beautiful dark wood cabinets, privacy fenced back yard, and of course completely modern appliances, plumbing fixtures, etc. It is a beautiful little gem of a property that must be seen. And obviously being almost new construction, you can expect to have many trouble-free years with no issues with the roof, foundation, electrical, plumbing, heating/air conditioning or hot water heater. The property is just a couple blocks from both the high school and an elementary school. If anyone is interested, please give me a call at the number below.
I am offering a loan, and buyers must qualify. I do not consider credit score but do require evidence of ability to pay. A history of regular rent/mortgage payments coupled with stable work history is best, but individual circumstances will be considered.