Self employed Looking for a Owner finance homes with low apr , i have 6 thousand downpayment . good credit score of 650 and good rental history

Asked by Mary Escobar, San Antonio, TX Wed May 1, 2013

Problem with showing large profit on my taxes. where should i look for Owner fiance houses

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George Raymo…, Mortgage Broker Or Lender, Fort Worth, TX
Wed May 1, 2013
I hate to ask this but are you sure you need Owner Carried Financing? Has more than one lender told you that you can't qualify? I hope you have you have spoken with at least a couple of experienced Loan Officers. Reason being is I was able to get recent client of mine approved for a home loan after their previous LO told them they don't qualify. In fact, that client just posted a Recommendation stating that fact. Point being? Maybe you spoke with the wrong lender and need a other opinion if not...

Best of Luck!
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Fernando Tor…, Agent, San Antonio, TX
Wed May 1, 2013

Give our team a call! We would love to assist you with your home search and take a look at all your options before we pursue the owner finance route.

We look forward to speaking with you - visit our website at: of contact us directly at 210-201-4874.


Fernando & Liz Torres
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Jason Campbe…, Agent, San Antonio, TX
Wed May 1, 2013
Most owner finance folks want to see at least 10% down... so, with $6000 to play with... that puts you at a sales price of $60K or less.. It's going to be a lot disappointing what is available in that price range... and since there are not very many...

here are all of them as of today:…

If any of them are worthy of a visit, let me know right away... they tend to sell REALLY FAST!

If you would like to expand the search or talk about other options.. give me a call, send me an e-mail or shoot me a text :)

Jason C Campbell
Platinum Top 50 Finalist
Option One Real Estate
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Johnny Willi…, Agent, San Antonio, TX
Wed May 1, 2013

It would be my pleasure to go over what options you have. Here's a link for some owner finance options…

Best Regards,

Johnny E Williams
Text Johnny1 to 87778 for my mobile real estate app
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Christine H…, Agent, San Antonio, TX
Wed May 1, 2013
I'm going to be honest with you...Sellers that are willing to do the financing and take on the risk of dealing with any future foreclosures, don't take that risk lightly. What I've seen in the last year on those who are willing to do it, they are asking a minimum of 10% to 20% down and will be charging an 8% to 10% interest rate.

With current underwriting guidelines a 650 FICO is just over the minimum. It would be easy to do government financing, but conventional financing a little harder because they want higher scores. If you are taking a large write off in taxes, it shows you don't have much to live on or pay a mortgage on. That makes you a risk for an individual owner and a commercial bank.
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Penny Anders, Agent, San Antonio, TX
Wed May 1, 2013
They are hard to come by. Although I saw a sign for one on the north side yesterday. I believe it was a 4/2/2. i don't know how much you would need to put down or what the apr would be. There should be a website for "owner financed" homes but i dont think there is. Good Luck!!
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Kay Kirby, Agent, San Antonio, TX
Wed May 1, 2013
If I knew where in San Antonio you wanted to live I could pull up owner financed homes for you, with no problems. That's kind a the problem us realtors have with all the deductions we have for the fees we have to pay, so we do not show a large profit either.
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Erick Taylor, Agent, San Antonio, TX
Wed May 1, 2013
Hello give me a call, Ill provide you some options for you pronto.

Erick Taylor
(210) 667-0742

Fil-Am Realty
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