Financing Information

Many financing options exist for the purchase of real estate or property, including typical loans, owner financing, private money, private investors, etc.  

Typical loans would include FNMA or FDMC, Farm or Agriculture, and FHA/VA for houses. There are many lending institutions that offer a variety of mortgage products . They have become very selective on the types of properties they wish to finance as well as the entities requesting financing.

Owner Financing is when the seller elects to assist the buyer in the purchase by (written contract).  Many terms, including "carrying the paper' or 'seller financing' or  'land contract' or 'Real Estate Contract' refer to the seller being involved in the buyers financing.  The buyer pays a down payment to the seller, and pays the seller scheduled payments  (as agreed by both parties) much like a Deed of Trust or Mortgage. 

Private money and private investors, may have higher interest or the investor becomes a percentage owner.

Financing options, programs and rates can vary widely.  We have resources that our past clients have used, or have obtained information on new resources or new programs.   Feel free to  contact us !

 

Use the finance calculators below to assist you in making some decisions around financing your property.

Mortgage Qualification Calculator

This calculator will help you determine how much money you qualify to borrow. The results are informal. You will be subject to a credit approval from your financial institution taking into consideration existing debt load, amount of down payment, income and other variables.

Mortgage Payment Calculator & Amortization Table

This calculator will help you determine what your mortgage payments will be based on purchase price, interest rate and mortgage term, as well as other factors. The amortization table shows what the interest and principal payments will be over the term of the mortgage.