The Seller provides the buyer with financing (Seller financing) for the home. We as the Seller/Lender can set the terms and requirements for the loan--thus “no qualifying”.

We offer 30-year amortized and interest only mortgages with a 3 to 7 year balloon. This means we will carry the mortgage for the three to seven year period and the Buyer must arrange to refinance at the end of the three to seven year term. The buyer has the option of refinancing at any time during the loan term. The buyer owns the home and receives the equity and tax advantages just like any other traditional mortgage

Using our financing, borrowers can have poor credit, no credit and/or bankruptcies without having it affect their interest rate, the amount of their down payment or closing costs. It doesn’t matter how long they have been with their current employer or if they are self-employed. Additionally, we do not look at income to debit ratios. All of these factors are scrutinized by conventional lenders and affect the interest rate and/or the amount of the down payment. Conventional lenders also use this information to set the maximum loan amount; therefore, limiting the buyer on the price of the home that they can purchase.

The benefit to the buyer is little out of pocket costs with a low down payment and closing costs. We provide easy financing with no qualifying restrictions at very attractive interest rates. The paperwork can be completed within 48 hours. Other benefits include, tax deductions, property appreciation, establishment of credit, and the enjoyment of a home sooner than anticipated. And, more importantly, the Buyer purchases the home at the price that it is listed for now, instead of paying a higher price had the Buyer waited until they were in a better financial/credit situation or until they had a larger down payment. Homes are appreciating so quickly that most Buyers can not save their money fast enough to purchase a home before prices climb over their budget requirements.

Both parties sign an Agreement for Sale contract that is serviced by Fidelity National Title. All original documents are held by Fidelity National Title. Fidelity issues the buyer a coupon book for the buyer to make their mortgage payments. They collect the buyer’s funds, make all the disbursements on the property and send the interest income to the seller. Fidelity also issues year-end tax statements. Fidelity will provide mortgage verification/history information for refinancing purposes when the time comes.

Refinancing—after the buyer shows some history of making their payments on time (never 30-days or more late), they should easily be able to qualify for their own loan through a conventional mortgage company. Refinancing is a lot easier to qualify for than a purchase because one has a history of making the payments.