Answers to the questions we hear most about buying a home with seller financing.
Seller financing is when you buy a home and get your loan from the seller instead of from a bank. You make your monthly payments directly to the seller rather than to a bank. It’s a great option if you don’t have enough cash to buy a home outright, or if you can’t qualify for a traditional bank loan.
Qualification is based primarily on your income, funds available for the down payment, and rental history.
Possibly YES
Possibly YES
Possibly YES
Possibly YES
Possibly YES
Possibly YES
Yes... but only if you are paying cash. Sorry, even we are not that good!
Typical seller financing terms are short — a few months to a few years. Historically, Hassle Free Homes was only able to offer short term seller financing as well. But our buyers didn’t want to have to refinance or sell their home after a few short years. Eventually we figured out a solution, and we are proud to now offer FULL 30-YEAR SELLER FINANCING!
You can choose from the inventory of homes that we currently have available, or you can pick out almost ANY home (where the seller is willing to sell), and we will purchase the home and resell it to you with seller financing. See details of our Pick-Your-Own Program here.
The down payment varies by property — you can see the details on each listing’s page. Generally, a minimum of 7% is required.
In most of our listings, the payment amount includes everyting — principal, interest, property taxes, insurance, the HOA payment (if the property is in an HOA), and the account-servicing fee. But for any listings where the payment does not include everything, the breakdown of what is included is posted with the payment.
Quick answer — You shouldn’t! If you can qualify for a bank loan, get a bank loan! The terms will generally be better than seller financing. But seller financing is a great option for those who can’t or don’t want to get a bank loan, especially with our ability to offer seller financing for the full 30 year term, with no balloon payment required.
If you meet the requirements for our 30 year program, you won’t have any closing costs at any point in the transaction!
The first step is to pick out a home that you are interested in. Next, fill out the initial interest form here.