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Buy Any Austin TX Home with Owner Financing

No credit check or income verification

A large down payment (between 15 percent and 20 percent) and financial discipline are all you need to buy an Austin TX home with owner financing.

Are you on the verge of giving up your homeownership dream because banks have rejected your home loan application? Is your bad credit situation stopping you from becoming a homeowner in Austin? Well if the answer is to any of these questions is yes, we – here at Shop Owner Finance – can help you learn how to buy any Austin home you want with owner financing.

Fill out the form below to get started on your home buying journey in Austin today:

Contact Shop Owner Finance

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What is owner financing in Austin TX?

Unless you have a huge amount of extra cash lying around, you will approach banks to get a mortgage for buying a home in Austin TX, right?

But what if the banks tell you that they won’t approve your mortgage application or they can’t offer you the best mortgage terms?

In case you don’t have a stellar credit score or an ideal loan-to-income (LTI) ratio, this is exactly what can happen. In such a situation, home buyers explore alternative financing options. Owner financing is one of the options that can help you buy a home with no credit check or income verification.

Let’s consider another scenario. You looked at several homes in Austin and liked the one listed for sale with a purchase price of $300,000. You have arranged for a 20% down payment, so you want a traditional lender to finance the remaining amount of $240,000. When you approached banks, none of them would offer you more than $150,000 after evaluating your credit worthiness. You can ask the home owner to loan you $90,000 ($240,000 - $150,000) to make up the difference. You will pay off the money you borrowed from the seller through monthly instalments including principal and interest. Alternatively, the seller might agree to finance the entire $240,000.

So owner financing is a way of buying a home in Austin in which you obtain financing from the home seller instead of a traditional bank.

What it basically means is that in order to buy an owner-financed home in Austin TX the seller should be willing to offer his or her home with this financing method. Either the Austin home has to be listed for sale with owner financing option or you or your realtor should negotiate with the seller and make him or her agree to extend financing to you.

It is for this reason that only a handful of homes are listed for sale with owner financing in Austin.

But our system approaches owner financing in a completely different way. In our system, we help you learn how to buy any Austin TX home you want without credit check or income verification.

Fill out the form below to know how to use owner financing for buy any Austin TX home:

Contact Shop Owner Finance today!

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Why to buy an Austin TX home with owner financing

Apart from enabling you to buy any Austin home, owner financing offers several other advantages:

  • Certain situations such as identity theft, self-employment, the lack of employment history or foreign nationality might make it difficult for you to document your income. In an owner financing arrangement, no documents to prove your income are required. It means the loan is approved based on your state income.
  • How does owner financing make it possible to you to buy with bad credit? Well, the answer is simple! It doesn’t necessarily require credit check.
  • You can pay off the loan in 30 years just like you do in a traditional home loan arrangement. It means you won’t need to make any balloon payments.
  • Want to pre-pay your owner financing loan? No problem! You can do so without having to pay any pre-payment penalties.
  • All you need is a large down payment (anywhere between 15% and 20%) and financial discipline.
  • Get approved for owner financing simply on the basis of tax identification number.
  • Improve your credit score as owner financing payments are reported to credit rating agencies.

Watch some of our clients explaining how owner financing helped them overcome credit challanges and fulfil their homeownership dream:

Angel & Francis
Angele and Francis bought their with home with owner financing after moving to America just 11 months earlier. They are now enjoying the home with their 3 beautiful children.
After 3 years unsuccessfully trying to buy a home, Angela finally got her dream home with owner financing. Scheduled to close just days after hurricane Harvey struck, her "miracle home" was the only home not to flood in a neighborhood that had several feet of flooding even a week after the hurricane.
Referred by her loan officer, Rick, Barbara was able to finally get her dream home on the water in Galveston.
Araceli (in Spanish)
Araceli and her family relocated from California. Self employed and unable to qualify for a loan, they used our program to get owner financing on a brand new home.
Steve and Cheryl
After a previous divorce and loss of credit, Steve was able to acquire a new home for him and his girlfriend with the help of Til Lowery.
Aicha and her family purchased a brand new 5 bedroom home with owner financing and were so grateful to own a home even better than they thought was possible!