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

119 Properties
Page 1 of 10
$169,000
Subdivision: Foster Place
3
Beds
2
Baths
1,224
Sq.Ft.
1945
Year Built
2
Days on Site
74679125
MLS
What a great BUNGALOW home!!!! Beautiful kitchen and bathrooms. New Plumbing and updated electrical. Completely updated and close to everything. Call today for a viewing.
$418,000
Subdivision: Parkwest Sec 01
3
Beds
2F11/2
Baths
2,291
Sq.Ft.
1959
Year Built
2
Days on Site
92055963
MLS
A stunning remodel in the highly demanded Westbury area. Each update was tastefully done with special consideration given to every detail. The carefully executed re-design captures the open concept...
$399,900
Subdivision: Inway Oaks Estates
4
Beds
4
Baths
2,494
Sq.Ft.
2020
Year Built
2
Days on Site
17197917
MLS
THIS IS A GORGEOUS HOME LOCATED ON QUIET AND HUGE CULDESAC LOT WITH A HUGE BACKFENCED YARD!!! FEATURES 4 BEDROOMS, PLUS GAME ROOM, ADDITIONAL CUSTOM FEATURES THRU-OUT. HIGH CEILINGS MAKES THIS HOME...
$237,000
Subdivision: Northern Point Sec 03
4
Beds
2
Baths
1,621
Sq.Ft.
2007
Year Built
3
Days on Site
48534782
MLS
Wonderful 1 story home, 4 Bedrooms and 2 Bathrooms, built in 2007. In highly desirable NORTHERN POINT, KLEIN SCHOOLS. Owner/Agent. Note: Verify all information and conduct your own due diligence;...
$199,500
Subdivision: South Union Sec 02
4
Beds
2
Baths
1,367
Sq.Ft.
1950
Year Built
3
Days on Site
93219841
MLS
S/House inner loop 288/610, only minutes to Med/center TSU, U of H, Downtown, Fence yard , central AC, W/D hookups, Stove, Fridge & dishwasher included. New floors, new cabinet countertops. New...
$260,000
Subdivision: Central Park
4
Beds
2
Baths
2,660
Sq.Ft.
1940
Year Built
3
Days on Site
90400970
MLS
Great investment property for short term Rental or boarding house. Home is undergoing make ready. Home has new plumbing and interior painting. Landscaping, sink cabinets, showers, toilets,...
$223,900
Subdivision: Crest Haven Estates
3
Beds
2
Baths
1,629
Sq.Ft.
1979
Year Built
3
Days on Site
60575456
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 desirable...
$269,900
Subdivision: Liberty Gardens Sec 02
2
Beds
1
Baths
852
Sq.Ft.
1980
Year Built
4
Days on Site
31938030
MLS
Two properties on one lot! One home is already leased! The available home has 2 bedrooms and 1 bathroom. Features a cute front porch, nice size yard, spacious formica kitchen countertops. This home...
Open 9/19
20702 Rock Harbor Ct Katy, TX 77449
$269,000
Subdivision: Castle Rock
3
Beds
2
Baths
2,125
Sq.Ft.
2005
Year Built
4
Days on Site
25121108
MLS
SENSATIONAL 1-Story Home situated in the DESIRABLE Castle Rock Community w/3 Bedrooms & 2 Full Bathrooms. EXQUISITE ENTRYWAY is accompanied with tile flooring, high ceilings, & adjacent Sitting Area...
$239,000
Subdivision: Northern Point Sec 03
4
Beds
2
Baths
1,845
Sq.Ft.
2006
Year Built
4
Days on Site
74597210
MLS
Wonderful 1 story home, 4 Bedrooms and 2 Bathrooms, built in 2006. In highly desirable NORTHERN POINT, KLEIN SCHOOLS. Fenced backyard with concrete patio. Owner/Agent. Note: Verify all information...
Open 9/18
10913 Upland Park Houston, TX 77043
$434,000
Subdivision: Upland Lakes
4
Beds
4
Baths
2,488
Sq.Ft.
2012
Year Built
4
Days on Site
31071449
MLS
SENSATIONAL 3-Story Home w/NO FRONT NEIGHBORS situated in a GATED COMMUNITY of Upland Parks in ENERGY CORRIDOR. This immaculate home offers 4 Beds & 4 Full Baths w/lavish details throughout....
$159,000
Subdivision: Cresmont Park Sec 01
3
Beds
1
Baths
1,301
Sq.Ft.
1963
Year Built
4
Days on Site
94127825
MLS
Great for Home Owner, and Investor. 3 bed /1 Ceramic tiles all over, big living room, tenant occupied m2m basis.

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