Golden Ownership Program
Seller Financing Advantages
- You are on the Deed to the home.
- Tax Benefits are Yours.
- No Bank qualifying. The home owner may require additional documents, though.
- Credit not usually an issue.
- Low Down Payments (10% or less, usually below 5%)
- Quick move-in time.
- May switch from Lease Option to Seller Financing at any time.
- Terms of lease option are same except monthly payment and down payment may be higher.
Every week, about 5 new properties are added. Each Friday you will get an email of new & reduced properties in your area. You can opt out at any time and we don't sell your information to anyone.
Start on Path to Home
Ownership
We have more homes for Lease To Own in the Las Vegas Valley. Most owners will also carry financing.
How It Works
Seller Financing is the easiest way to get into home ownership without large down payments required by banks nor having to go through the strenuous credit qualifying process which is required.
In this program you will enter into a contractual agreement with the Owner/Seller in which they will be your bank. Your monthly payments will go to them for your mortgage payment. If the Owner/Seller has a mortgage already then your payments will also make those payments (anything remaining will go to the Owner/Seller). All transactions and payments will be sent through a local Loan Servicing Company (a.k.a., Escrow or Title Company) to ensure payments are being made.
You will also be given a Note by the Owner/Seller. This note will discuss your exact terms of the mortgage payment including interest rate, type of loan (interest only or principal & interest), time of loan, etc. This Note will be created by a Title Company to ensure its legitimacy.
Your name will go onto the title of the home through a contract known as a Contract For Deed (a.k.a., AITD, Wraparound Mortgage, Land Contract, etc.)
Contact us for more information on how this process works.
Current List of Lease Option Homes
Buyer Requirements
The requirements for Seller Financing are similar to a Lease Option. You will need to provide proof of funds and ability to pay the mortgage payment.
Your down payment will be held by an Escrow or Title Company until the Note is created and signed by both parties.
In most cases, verification of employment or bank statements will not be required.
