![]() Owner will carry loan with 30-40 downpayment Lovely open floor plan with a balcony to sip your morning coffee or evening cocktail at the. 94501, Alameda County, San Francisco Bay Area, CA. Information is deemed reliable but not guaranteed. 955 Shorepoint Ct 205, Alameda, CA 94501 in Alameda, California. Information is deemed reliable but not guaranteed.Ĭopyright Lake Havasu Association of Realtors / LHAR. The seller might transfer the home title to the buyer at that time or when the loan is repaid. The buyer signs a promissory note, vowing to make agreed-upon payments to the seller. The seller and buyer agree on a price and down payment. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. First, the seller must have an assumable mortgage and lender permission to wrap the mortgage. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Information is deemed reliable but not guaranteed. Both parties must agree on the financing terms, such as the loan amount, interest rate, and amount and frequency of payments. In essence, the seller finances the mortgage, but at the outset, little or no money. Rather than borrow money from a third party to purchase a home, a buyer who enters an owner-carry mortgage agrees to make mortgage payments to the seller. Instead of having the buyer make monthly payments to a lender, they would make payments to the property seller. An owner-carry mortgage, also called seller carryback financing, is nothing like a traditional mortgage. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Owner financing is where the property seller agrees to finance the purchase for the buyer. ![]() Listing Information presented by local MLS brokerage: Zillow, Inc., Designated REALTOR®- Chris Long - (480) 907-1010 All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
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