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

141 Properties
Page 1 of 12
$290,000
Neighborhood: Lyons Ave Park
2
Beds
1
Baths
1,108
Sq.Ft.
1950
Year Built
1
Day on Site
77830686
MLS
Welcome home, Unique updated 2/3 beds 1 bath gated casita with plenty of room to grow! Location Location
$440,000
Neighborhood: Enclave/Hlnd Glen Sec 1
4
Beds
2F11/2
Baths
2,964
Sq.Ft.
2015
Year Built
1
Day on Site
21292039
MLS
Former CalAtlantic Model Home - Frisco floorpan 2 story, 4 bedrooms, 3 full Baths (1) 1/2 bath, 2-car garage. Island Kitchen features gorgeous Granite and Backsplash with adjoining Breakfast area,...
$275,000
Neighborhood: Ridgegate Sub Sec 1
3
Beds
2
Baths
1,918
Sq.Ft.
1978
Year Built
1
Day on Site
83683438
MLS
This spacious home comes with large square footage on a great lot. Centrally located in a quiet family friendly safe subdivision walking distance across the street from Ridgegate Elementary School....
$178,000
Neighborhood: Sunnyside Place
3
Beds
1
Baths
1,242
Sq.Ft.
1952
Year Built
2
Days on Site
3419424
MLS
Amazing home for a first time buyer or investor. This traditional floor plan features a functional interior and contains a separate dining room, a flow-through living area and three spacious bedrooms....
$415,000
Neighborhood: Woods Wimbledon Sec 01
4
Beds
3F11/2
Baths
3,113
Sq.Ft.
1980
Year Built
3
Days on Site
40431264
MLS
Wonderfully renovated, custom built home in the much sought after Champions area of Woods of Wimbledon. Recently updated with new paint, flooring, appliances and plumbing/lighting fixtures. Open...
$449,000
Neighborhood: Mangum Manor Sec 03
3
Beds
2F11/2
Baths
1,926
Sq.Ft.
1960
Year Built
4
Days on Site
58571724
MLS
Welcome to this beautifully updated home in the well-established Mangnum Manor subdivision. The front elevation has been completely updated w/custom, hand-laid stonework & all-new exterior siding...
$199,000
Neighborhood: Kashmere Gardens
3
Beds
1
Baths
1,595
Sq.Ft.
1940
Year Built
4
Days on Site
47351042
MLS
Property is sold as-is. Needs some work.
$219,000
Neighborhood: Pinemont Plaza
3
Beds
2
Baths
1,494
Sq.Ft.
1972
Year Built
4
Days on Site
72362517
MLS
3B-2BA Gem in Houston's Acres Home | Style & Comfort Reimagined Welcome to this charming 3BR-2BA, offering over 1,400 sqft of polished living space in Houston's coveted Acres Home neighborhood. A...
$204,900
Neighborhood: Blue Bonnet Estates
3
Beds
2
Baths
1,264
Sq.Ft.
1948
Year Built
4
Days on Site
82559859
MLS
Charming 1-story home with tons of upgrades including NEW ROOF in 2022!!! Great investment property since home currently has a tenant through the end of March 2023. Enjoy cooking in a spacious...
Open 6/11
315 Mantova Dr Houston,  TX 77073
$248,800
Neighborhood: Remington Ranch Sec 17
3
Beds
2F11/2
Baths
2,147
Sq.Ft.
2006
Year Built
4
Days on Site
41364016
MLS
Welcome to this lovely 2-story home with an open floor plan that has recently been updated. This charming residence offers 3 spacious bedrooms upstairs, along with a game room and 2 1/2 baths. The...
$218,000
Neighborhood: Macgregor Terrace Sec 01
3
Beds
1
Baths
832
Sq.Ft.
1955
Year Built
5
Days on Site
42100624
MLS
Absolutely gorgeous completely renovated 1-story traditional bungalow. Coner lot, 3 bedrooms, onsite custom cabinets throughout, quartz countertops in kitchen , new stainless appliances, central...
$283,000
Neighborhood: Northwest Park
5
Beds
3
Baths
2,396
Sq.Ft.
1976
Year Built
5
Days on Site
92717792
MLS
Introducing the perfect home for sale, located in a prime location in the heart of the community. This stunning property boasts an impressive array of features that are sure to impress even the most...

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