Owner Financed Homes in Houston

There are different financing opportunities for Home Buyers when purchasing a home in Houston, TX. One popular financing type is Owner Financing, also known as Seller Financing. This type of purchase is attractive to Home Buyers because they cut out the lengthy underwriting processes of banks and lending institutions.  

Why Seller Financing

Seller financing is mostly attractive to Home Buyers because it provides a clearer path to home ownership with less hassles. Buyers wishing to purchase an Owner Financed home in Houston save money because there are little, or typically no origination fees, junk fees, lender fees. Additionally, there is no property underwriting requirements. The terms are agreed upfront so there is very little misunderstanding from all parties. The Buyer and Seller agree on several terms including possession, any temporary Seller short term leases (if applicable), as well as how much downpayment, length of loan and interest owed. In essence, the Seller becomes the lender and retains a first position lien on the property. The property in turn acts as the collateral to the loan. The purchase can be a primary home or even an investment property.

Seller Financing Addendum in Texas

In Texas, Real Estate Professionals leverage the use of promulgated real estate forms. One such form, the "Seller Financing Addendum", is commonly used for Owner Financing in Houston. We recommend each Buyer to hire a real estate attorney to advise them on the legal aspects of this type of purchase. We can complete the Seller Financing Addendum and provide you with an amortization schedule. 

Finding Owner Financed Homes in Houston

When listing a property for sale, the Seller can elect to allow for Owner Financing as an acceptable financing type for their home. The Listing Agent will then select this financing type in the MLS during the initial listing upload. This allows us to filter through the Multiple Listing Service and send you properties that allow for Owner Financing via our email notifications. 

Owner Financing Terms in Houston

There are no established or specific Owner Financing terms in our Greater Houston Area. Generally speaking, Owner Financing terms have several components:

Credit Documentation

  • Seller may request credit documentation
  • Seller may request verification of employment and salary
  • Seller may request bank statements

Promissory Note can be Payable:

  • In one payment due on a specific date with interest paid at maturity, monthly or quarterly
  • In monthly installments including the interest or in addition to the interest for a specific term.
  • Interest only monthly installments for a specific term including the interest or in addition to the interest.

Property Transfers 

  • Consent Not Required by Seller - the property may be sold, conveyed or leased without the consent of the Seller, provided any subsequent Buyer assumes the Promissory Note.
  • Consent Required by Seller - property may not be sold, conveyed, leased with option to purchase, or leased for longer than 3 years without the  written consent of the Seller. Seller may declare the balance of the Note to be immediately due and payable.

Taxes and Insurance Escrow

  • Escrow Not Required by Seller
  • Escrow Required by Seller

Hire our Team to Help You with Owner Fiananced Homes

Our Team would welcome the opportunity to assit you in purchasing your Owner Financed Home in the Greater Houston Area. We can tailor your home search and provide you with different types of listings that match your criteria. 

Available Owner Financed Properties in Greater Houston

94 Properties
Page 1 of 8
$465,000
Subdivision: Sienna Village Of Anderson Spgs Sec 27A
4
Beds
3F11/2
Baths
2,696
Sq.Ft.
2018
Year Built
1
Day on Site
40620145
MLS
Brick and stone elevation. Entry with high ceilings and Living area Kitchen with a walk-in pantry. Formal dining room. The spacious family room is great for entertaining. Master bath with dual vanity...
$478,000
Subdivision: Townhouse Manor
4
Beds
3F21/2
Baths
4,876
Sq.Ft.
1982
Year Built
1
Day on Site
98094682
MLS
EXTRAORDINARY home w/close to 5,000 SQFT situated on a corner lot & RIGHT inside the loop! UNIQUE 4 Bedroom, 3 Full & 2 Half Bath featuring an open floorplan, cozy COVERED PATIO, GAMEROOM & MEDIA...
$189,999
Subdivision: Northwood Manor Sec 06
4
Beds
1F11/2
Baths
1,424
Sq.Ft.
1962
Year Built
1
Day on Site
52592535
MLS
Nice brick home with 4 bedrooms and 1+ bathroom. Downtown Houston is only 25 minutes from this property and you also have easy access to the I-69 north freeway. Parks, shops and schools can be found...
$159,000
Subdivision: South Acres Estates Sec 02
3
Beds
1
Baths
936
Sq.Ft.
1955
Year Built
2
Days on Site
12535255
MLS
Quaint Art Deco home located on the southeast side of Houston. The property sits on a 6,600 sqft. lot. The home features original hardwood floors in the living room, carpet in all 3 bedrooms, art...
$190,000
Subdivision: Tarry Town Sec 03
4
Beds
1F11/2
Baths
1,641
Sq.Ft.
1959
Year Built
2
Days on Site
95811501
MLS
SELLER WILL PROVIDE LOAN FOR PURCHASE IF YOU CAN'T QUALIFY WITH A BANK! NO CREDIT CHECK! CALL AGENT FOR TERMS AND DETAILS Lovely home nestled in a peaceful, family friendly neighborhood! This house...
$135,000
Subdivision: Greensbrook Sec 01 R/P
3
Beds
1F11/2
Baths
1,050
Sq.Ft.
2006
Year Built
2
Days on Site
53145207
MLS
Remodeled Open floor plan. 3 bedroom, 1.5 bathroom home. New Floors and Paint. AC has been serviced. New ceiling fans and light fixtures. Large Back yard. Completely move in ready. Best Price...
$90,900
Subdivision: Johnson Place
4
Beds
2
Baths
1,528
Sq.Ft.
1946
Year Built
3
Days on Site
41709624
MLS
HANDYMAN SPECIAL OR INVESTMENT OPPORTUNITY! Turn this house into a cash cow property. *Excellent Location* this house is 10 minutes from downtown Houston, Minute Maid park and BBVA Compass Stadium....
$439,788
Subdivision: Brook Smith Square
4
Beds
3F21/2
Baths
2,702
Sq.Ft.
2018
Year Built
3
Days on Site
75490292
MLS
This home features high end finishes, large 3rd floor balcony and flexible floor plan sure to please. Custom cabinetry, craftsman style molding & wood work, 4 bedroom, 3 full bathrooms and 2 half...
$199,000
Subdivision: Crest Haven Estates
3
Beds
2
Baths
1,629
Sq.Ft.
1979
Year Built
3
Days on Site
10332369
MLS
SELLER WILL PROVIDE LOAN FOR PURCHASE! MINIMAL/NO CREDIT CHECK! CALL AGENT FOR DETAILS & LOAN TERMS! This lovely home comes with a NEW ROOF (2020) and a NEW A/C SYSTEM (2020)! Located in the...
$199,000
Subdivision: Pineswept
3
Beds
2
Baths
1,353
Sq.Ft.
1979
Year Built
3
Days on Site
36775628
MLS
CAN'T QUALIFY FOR A LOAN WITH THE BANK? DON'T WORRY, THE SELLER WILL PROVIDE A LOAN TO PURCHASE THE HOME! CALL LISTING AGENT FOR TERMS! This home resides in a quiet & peaceful neighborhood, just...
$165,000
Subdivision: Southcrest Sec 04
3
Beds
1
Baths
1,181
Sq.Ft.
1952
Year Built
3
Days on Site
50610140
MLS
Recently updated corner lot property in the well established neighborhood of South Park in Houston. Recent updates include, fresh paint on the exterior of the house, newly installed walls, doors,...
Open 12/5
2102 Round Lake Dr Houston, TX 77077
$289,900
Subdivision: Southlake
4
Beds
2
Baths
1,790
Sq.Ft.
1970
Year Built
5
Days on Site
45145781
MLS
Lovely 4 Bedroom, 2 Bathroom Home with a corner lot located in the Memorial Area. New Roof! Home is in close proximity to Beltway 8, Westpark Tollway, Hwy 6, I-10, City Centre, and Memorial City! New...

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