Seller financing lets you buy a home without a bank. Learn how owner financing works, what it costs, and how to buy with as little as $1,000 to $3,000 down.
With seller financing, also called owner financing, the person selling the home acts as the bank. You make a down payment to the seller, then monthly payments to the seller, under a written agreement. There is no mortgage application, no underwriting and no waiting on a lender.
Seller financing is built for buyers a bank turns away or slows down: people who are self employed, paid in cash, new to the country, rebuilding credit, or who simply do not want to go through a mortgage. It also helps people who have steady income for rent but have not saved a big down payment.
Every home on ClaimThisHome.com shows three numbers up front: the price, the down payment and the estimated monthly payment. Many of our homes need between $1,000 and $3,000 down, and the monthly payment is often less than rent for the same size home.
Browse the homes, tour the one you like, then meet with a housing specialist to go over the terms, your down payment and the paperwork. When everything is signed, you get the keys. It can take as little as 5 days.
Our homes are sold as is, so walk the home, bring a contractor or inspector if you want one, and read your agreement before you sign. Ask us anything. We would rather you feel sure than rushed.
Every listing shows the price, the down payment and the monthly payment up front.
View Available HomesYes. Seller financing is a common, legal way to buy a home in every state. The terms are written into a contract both sides sign.
No. You pay the seller directly. There is no mortgage application.
Many buyers refinance into a regular mortgage later, once their credit and savings allow it. Talk to a lender when you are ready.