Seller Financing Utah
Want to Buy a Home Now Instead of Later? We Can Help.Welcome to our Seller Financing Page. Seller Financing requires a large down payment that goes towards the purchase price. Bad credit? Foreclosure? Bankruptcy? No tax returns? No problem . Get in your own home now, gain equity, stop paying someone else mortgage and stop moving around.
Seller Financing Highlights
- Low Credit Score OK
- Past Bankruptcy OK
- Past Foreclosure OK
- No Tax Returns OK
How Seller Financing Works
Buy the Home – You buy the home giving a large down payment to the seller.
Deadline to Refinance – You are given a certain amount of time to fix the credit/income issues(typically, 12-36 months). If you are unable to get traditional financing by the deadline the home goes back to the seller.
Equity is Yours – You are able to take advantage of rising property values when you refinance. Typically, the lower the loan to value the better the interest rate you can receive.
Qualification Process
Step 1 – Obtain Financial Snapshot – Most sellers are going to want the reassurance from a mortgage professional that the buyer will be able to refinance by the deadline.
Step 2 – Get Your Road Map – the reason most seller financing deals fail is that the buyer is never given a clear plan to fix their credit/income issues. We give you a roadmap to actually being able to refinance in 12-36 months.
Step 3 – Get List of Seller Financing Homes – We work with an exclusive group of real estate agents that specialize in listing seller financed homes. You will be given access to all current seller financed homes as well as be the first to know if any new ones come to market.
We’re licensed Mortgage Professionals, and home to so much more than what big banks offer.
Top 3 ways using a Mortgage Broker can Save You Money.
- Get a Lower Interest Rate.
- Access to Hundreds of Better Programs
- We work for you, not the big bank.
For your next home loan, work with someone who works on your behalf. We’re brokers. We’re Better.
Juli A. Gleed
Mortgage Broker
A home loan specialist with over 25 years of experiance. She can help you find the best loan program that meets your needs.