Owner Financing Options
MINIMUM DOWN PAYMENT - 20%
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OPTION 1
Interest Rate 7.5% with payment amortized over 30 years.
Principal balance of the loan must be paid within 3 years of purchase. No prepayment penalty for early payoff. -
OPTION 2
Interest rate 7.5% with payments calculated using a 5.5% interest amortized over 30 years. The difference between the payments at 7.5% and 5.5% shall be added to the principal balance.
Principal balance of the loan must be paid within 3 years of purchase. No prepayment penalty for early payoff.