Minimum Cash Out of Pocket: When you purchase a home conventionally, anyone with less than perfect credit must pay at least 10% down to 20% down, plus high closing costs and prepaids. When you buy using our Texas Owner Financing program it-s better than Lease Option or Lease to Own - its better than Rent to Own you get the deed. Your name goes on title and down payments are flexible.
Profits from Appreciation: Since you own the home any increase in property value will mean that your equity (what you owe minus what it's worth) is increasing in the home. The Austin area and Texas in general are one of the strongest markets in the nation right now. Also don't get fooled by a lease option or rent to own in Austin. If the property value goes up - the owner may decide they don't want to sell. Don't get sucked into a rent to own home, fix it up then get kicked out. We meet people all the time that this happens to! Owner finance is the only way to true home ownership.
Other Names You May be Familiar with: If you've ever heard the term land contract. That is one way to describe what we do. Or also you may have heard contract for deed. These terms are similar. However you are not getting the full deed with these. With us your name goes on the title immediately.
A Lease Option is similar to any type of "option". It gives the Optionee the right or privilege to do something. In the case of a lease option, it allows the optionee the right to purchase a home at some pre-defined terms. It is kind of like rent to own. You do not actually own the property. It-s a lease to own situation. That-s great if you don't really want to be a homeowner. However if you move into the home thinking the owner financed the home to you - but they decide not to sell. There is not a whole lot you can do besides sue them and hope to one day win?
We talk with people everyday that thought they got into an owner financing situation. They were actually in a lease option or lease to own situation and the REAL owner decided not to sell. The renters (who thought they were buyers) fixed up the property. Made it look great and the property went up in value. Then the owner decided not to sell.
Fact - if you really want to be an owner. The only way is with true owner financing. It has also be called land contract or contract for deed. With our owner finance programs your name actually goes on the deed. You don't need to worry that we'll change our minds and not sell. We already sold. We go to a closing with the title company and you get the deed.
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Benefits of Buying Owner Financed Homes 
Definition
Facts