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

204 Properties
Page 1 of 17
$229,000
Neighborhood: Wood Bayou Sec 01 R/P
4
Beds
2
Baths
1,573
Sq.Ft.
2001
Year Built
1
Day on Site
11257518
MLS
Practically a new house with a brand new 30 year roof, brand new A.C unit, new pex plumbing all through out and new electrical system. Kitchen is equipped with New stainless steel dishwasher and...
$379,899
Neighborhood: Dawnridge
3
Beds
2
Baths
1,507
Sq.Ft.
1958
Year Built
1
Day on Site
61794727
MLS
Step inside this beautifully upgraded 3-bedroom, 2 full bathroom home with an oversized garage for added flexibility. Adjacent to a bright living room lies the sleek kitchen and dining area boasting...
$195,000
Neighborhood: Florida Gardens
2
Beds
1
Baths
768
Sq.Ft.
1950
Year Built
2
Days on Site
3953862
MLS
CORNER, MODERATE TRAFFIC
$244,900
Neighborhood: Cypressdale Sec 04
3
Beds
2
Baths
1,972
Sq.Ft.
1976
Year Built
3
Days on Site
66382697
MLS
Great Spacious 3 bedroom, 2 bath home with an Extra Room for an Office or Bedroom. This home provides lots of additional space, a Large Kitchen Area, a Back Patio, and a Large Yard. The Home is...
Open 1/29
3818 Lake Ballinger Ln Richmond,  TX 77406
$330,000
Neighborhood: Waterside Estates
3
Beds
2
Baths
2,472
Sq.Ft.
2005
Year Built
3
Days on Site
84784982
MLS
This beautiful one story home is situated on a quiet cul-de-sac street in Waterside Estates. Features include an open-concept design, high ceilings, both formals, 3 bedrooms, 2 baths, covered front...
$305,999
Neighborhood: Beall Street Cottages
3
Beds
2F11/2
Baths
1,474
Sq.Ft.
2022
Year Built
3
Days on Site
83341947
MLS
Brand new community in booming Independence Heights! You'll fall in love with this light soaked home that boasts 12 foot ceilings on both 1st and 2nd floor. Blonde wood floors throughout and...
$359,000
Neighborhood: Sunnyside Place
3
Beds
3F11/2
Baths
2,021
Sq.Ft.
2022
Year Built
3
Days on Site
61641356
MLS
Wow. New construction, 2 story with 3 bedrooms and 3 1/2 bathrooms. Stunning Island Kitchen, Open Floor Plan, Modern fixtures, high ceilings, walk-in closets and ready for move-in. Just minutes to...
$275,000
Neighborhood: Tamarron Sec 32
3
Beds
2
Baths
1,331
Sq.Ft.
2017
Year Built
3
Days on Site
9494044
MLS
Charming 3 bedroom, 2 bath home in the master planned community of Tamarron. Home boasts 4 sides brick, immaculate landscape, & charming entry. Beautiful tile floors through the main areas of the...
$315,000
Neighborhood: Briar Village Sec 04
4
Beds
2F11/2
Baths
2,006
Sq.Ft.
1976
Year Built
3
Days on Site
40795004
MLS
Excellent condition home situated on a large corner lot and an extra added sunroom, offers both formals, all ceramic tile floorings, updated kitchen and bathrooms, good roof and AC system, good size...
$379,800
Neighborhood: Cypress Mdw Sec 06
4
Beds
2
Baths
1,962
Sq.Ft.
2020
Year Built
4
Days on Site
93219747
MLS
No description available...
$234,900
Neighborhood: Macgregor Palms Sec 01
3
Beds
2
Baths
1,675
Sq.Ft.
1950
Year Built
4
Days on Site
58720263
MLS
Fully updated home ready to call you to call it home!!! Brand new paint, floor and cabinets!! This amazing home will WOW you with it's great location minutes from 610, from I45. The home features 3...
$215,000
Neighborhood: Remington Ranch Sec 12 Amendin
3
Beds
2F11/2
Baths
1,560
Sq.Ft.
2007
Year Built
4
Days on Site
31648450
MLS
Great two story home featuring three bedrooms, two and a half bathrooms, formal dining, spacious living room, great size kitchen, two car detached garage, roof is one year old, new paint in and out,...

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