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

165 Properties
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$475,000
Neighborhood: Lawndale Estates
4
Beds
2
Baths
2,439
Sq.Ft.
1950
Year Built
2
Days on Site
67550286
MLS
Desirable home with upgrades, expansion and additional units (Garage Apartment and A Separate Guest House) in addition to the main home! UNIQUE! Remodeled GEM in Lawndale Estates. Close proximity to...
$489,000
Neighborhood: Spring Shadows Sec 17 & R/P
4
Beds
2
Baths
2,143
Sq.Ft.
1976
Year Built
2
Days on Site
97707188
MLS
Great property in an established neighboorhood, recently painted interior exterior, updated kitchen and bathrooms, one of the best neighborhood in Spring Branch, easy access to the beltway 8 , I-10,...
$325,000
Neighborhood: Rosehill Meadow Sec 1
3
Beds
2
Baths
1,689
Sq.Ft.
2022
Year Built
2
Days on Site
57556110
MLS
LOCATION!!! Gorgeous new one story home, has a very smart layout for family togetherness, also perfect for entertaining, oversized island in the kitchen, lots of natural light coming in, beautiful...
$289,000
Neighborhood: Colonial Gardens
3
Beds
2
Baths
1,561
Sq.Ft.
1939
Year Built
4
Days on Site
43213594
MLS
Boasting a long list of upgrades, this newly remodeled home located in Northside is situated on over a quarter of an acre of land with a carport, garage and workshop. The stylish interior welcomes...
$375,888
Neighborhood: Vicksburg Village Of Cumberland
4
Beds
2F11/2
Baths
3,184
Sq.Ft.
1990
Year Built
4
Days on Site
44965501
MLS
Conveniently located in the Vicksburg Village Of Cumberland Neighborhood in Missouri City, this recently renovated boasts NEW flooring, plumbing fixtures, mirrors, vanity in powder room, new garage...
$269,900
Neighborhood: Sharpstown Sec 01
3
Beds
2
Baths
1,226
Sq.Ft.
1955
Year Built
5
Days on Site
87413658
MLS
Completely remodeled beautiful one story brick home, 3 BR, 2 bath, and 1 car garage and 1 covered porch/car port. High quality waterproof SPC wood like flooring throughout the whole house, walls,...
$399,800
Neighborhood: Ridgecrest Sec 02
4
Beds
3
Baths
2,184
Sq.Ft.
1950
Year Built
5
Days on Site
45573097
MLS
Completely updated home in with all the "bells and whistles". Exterior renovations feature a new raised pitch roof, stone and stucco exterior, and new windows. The interior features a totally...
$319,900
Neighborhood: Settlers Park Sec 1
4
Beds
2
Baths
2,029
Sq.Ft.
1978
Year Built
5
Days on Site
41137513
MLS
Completely updated and move-in Ready! This beautiful ranch house boasts an open floor plan with 4 bedrooms and two full bathrooms. Home features a large family room with vaulted ceiling and beams,...
$449,000
Neighborhood: Bridgeland
3
Beds
2
Baths
2,090
Sq.Ft.
2018
Year Built
5
Days on Site
59597787
MLS
Corner homesite. Extended entry with 11-foot coffered ceiling. Library with French doors. Kitchen features island and walk-in pantry. Open family room has ceramic tile floor and a wall of windows....
$271,000
Neighborhood: Saddle Ridge Sec 1
5
Beds
3F11/2
Baths
3,096
Sq.Ft.
2005
Year Built
6
Days on Site
37196631
MLS
-This home offers a 5,500 SQFT lot with an interior of 3,096 SQFT. Perfect for individuals requiring a large amount of space, to accommodate everyones privacy and needs. The first floor has been...
$395,000
Neighborhood: Belt Junction City Ext
3
Beds
2F11/2
Baths
1,720
Sq.Ft.
1950
Year Built
6
Days on Site
10793899
MLS
A rare move-in-ready gem in Northside Village. Boasting an array of sleek finishes this immaculate 3 bedroom, 2.5 bathroom home was fully remodeled in 2022. The landscaped front yard and tiled porch...
$222,000
Neighborhood: Northborough Village Sec 01
3
Beds
2
Baths
1,276
Sq.Ft.
2003
Year Built
7
Days on Site
9670087
MLS
This home offers High ceilings, a primary bedroom providing optimal privacy, open floor plan, & so much more. Located only minutes away from HWY 45, allowing for an easier commute to and from any...

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