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

87 Properties
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$274,900
Neighborhood: Turtle Hill Village
3
Beds
2
Baths
1,873
Sq.Ft.
1979
Year Built
2
Days on Site
52365797
MLS
Welcome home! 3 beds 2 bath updated fully bricked corner lot ready to call home! No back neighbors! Spacious fenced backyard with oversized driveway! Won't last
$345,000
Neighborhood: Edo Estates
4
Beds
3
Baths
2,104
Sq.Ft.
2016
Year Built
3
Days on Site
76567137
MLS
Well maintained 2016 home with 2 primary bedrooms. open kitchen to living room. Patio kitchen with AC. Two full size refrigerators, washer and dryer can go with the house negotiable.
$269,900
Neighborhood: Briargate Sec 13 R/P
3
Beds
2
Baths
1,581
Sq.Ft.
1985
Year Built
4
Days on Site
96609436
MLS
Recently updated 3 Bedroom, 2 Bathroom home in Briargate Subdivision. The property features new cabinetry with granite countertops, new tile shower surrounds, new EE and plumbing fixtures. The house...
$135,000
Neighborhood: Home Owned Estates 5 Blks 65
2
Beds
1
Baths
1,092
Sq.Ft.
1950
Year Built
5
Days on Site
264139
MLS
SO YOU WANT A FIXER UPPER!! HERE YOU GO!! SELLING "AS IS" "WHERE IS" "WITH ALL FAULTS"!! WILL BEGIN REPAIRS ON 5-26-22 AND PRICE WILL CHANGE AS REPAIRS ARE DONE!! LARGE 2 BEDROOM 1 BATH!! UTILITY...
$193,000
Neighborhood: Frontier East Sec 03
4
Beds
1
Baths
1,200
Sq.Ft.
1954
Year Built
5
Days on Site
41589056
MLS
Must see Super Cute Remodeled Ranch Centrally located in the Heart of Pasadena. Just Steps away from Strawberry Park! New sheetrock, original hardwood floors revived throughout the home, electrical...
$330,000
Neighborhood: Williamsburg Parish
4
Beds
2F11/2
Baths
3,122
Sq.Ft.
2003
Year Built
6
Days on Site
19935361
MLS
Beautiful and affordable which is rare in this market. I guarantee this home will not last long. This jewel of a home has hardwood and tile flooring throughout. This little slice of paradise sits in...
$184,900
Neighborhood: Lincoln Green South Sec 01
3
Beds
2
Baths
1,238
Sq.Ft.
1981
Year Built
7
Days on Site
32894145
MLS
Cute single story duplex with three bedrooms and two full baths. Great location close to Beltway 8. The house has been remodeled and is move in ready. Only one side of the duplex is for sale.
$232,000
Neighborhood: Sycamore Bend Sec 01
3
Beds
2
Baths
1,580
Sq.Ft.
2005
Year Built
8
Days on Site
81901275
MLS
This home provides an open floor plan, upgraded tile, and an enormous primary bedroom. The kitchen is perfect for entertaining guest while preparing dinner. Primary bed room stationed a good...
$299,905
Neighborhood: Williamsburg Parish 03 Prcl R/
4
Beds
2F11/2
Baths
2,496
Sq.Ft.
1999
Year Built
8
Days on Site
63592756
MLS
4 BEDROOMS 3 BATH. HUGE HOME FOR A LOVING FAMILY. NO BACK NEIGHBORS.
$390,000
Neighborhood: Terranova Sec 02
4
Beds
2F11/2
Baths
3,245
Sq.Ft.
1978
Year Built
10
Days on Site
83240278
MLS
BACK ON THE MARKET This gorgeous 2-story, 4-bedroom 3-car-garage home is an entertainers' paradise. • It has been completely upgraded and super improved with over $90,000 in upgrades. • Solar...
$169,900
Neighborhood: Melrose Park Sec 1
3
Beds
1F11/2
Baths
1,053
Sq.Ft.
1961
Year Built
10
Days on Site
18749684
MLS
Beautiful home ready for your full enjoyment. One story 3 bedroom/ 1.5 bath home. Kitchen has updated Quartz countertops, stone backsplash, updated sink and light fixtures. Home is freshly painted...
$295,000
Neighborhood: Sundown
4
Beds
2
Baths
1,720
Sq.Ft.
1970
Year Built
10
Days on Site
70776331
MLS
Welcome to your dream home located in the highly desired Katy ISD! Interior features include gorgeous laminate wood floors, recent refreshing paint, exquisite tile countertops, stunning backsplash...

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