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

109 Properties
Page 1 of 10
$145,000
Subdivision: Ruberfield
3
Beds
2
Baths
954
Sq.Ft.
1950
Year Built
1
Day on Site
25689506
MLS
came look this beatifull house ready to move in, new ceramic tiles in kitchen and bathrooms, laminate floor in all bedrooms, custom cabinets, granite countertop, central ac, double pannel windows,...
$235,000
Subdivision: Little & Dickinson
2
Beds
1
Baths
1,024
Sq.Ft.
1938
Year Built
1
Day on Site
96243699
MLS
Diamond in the rough... great investment opportunity in the up and coming Northside community. Historic 1930s brick home with good bones. Two bedrooms, one full bath, 5,000 SF lot. Lots of potential!
$269,000
Subdivision: Castle Rock
3
Beds
2
Baths
2,125
Sq.Ft.
2005
Year Built
2
Days on Site
32836203
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...
$135,000
Subdivision: Ruberfield
3
Beds
1
Baths
900
Sq.Ft.
1950
Year Built
2
Days on Site
93492445
MLS
Investment Opportunity in the growing Sunnyside area. Cash Sale and tenant-occupied $1100.mo.lease exp 3/2022, please do not disturb. Fully renovated 3 Bedroom 1 bathroom home on a fully fenced...
$184,900
Subdivision: Spring Mont U/R
3
Beds
1
Baths
1,057
Sq.Ft.
1977
Year Built
2
Days on Site
62680569
MLS
Recently updated 3 Bedroom / 1 Bathroom home in Spring Mont. The property features newly installed granite, stainless steel appliances, engineered wood floors, new EE and plumbing fixtures. Property...
$469,990
Subdivision: Willow Bend
4
Beds
3
Baths
2,689
Sq.Ft.
1955
Year Built
2
Days on Site
61582606
MLS
Welcome to 10817 Willowisp Dr,. This home has been beautifully renovated and is conveniently located minutes away from Galleria, Stores and popular Restaurants. The farm style inspired property...
$211,900
Subdivision: Pineswept
3
Beds
2
Baths
1,353
Sq.Ft.
1979
Year Built
3
Days on Site
20207879
MLS
CAN'T QUALIFY FOR A LOAN WITH THE BANK? DON'T WORRY, THE SELLER WILL PROVIDE A LOAN FOR PURCHASE! CALL LISTING AGENT FOR TERMS! This home resides in a quiet & peaceful neighborhood, just minutes away...
$173,999
Subdivision: Croydon Gardens
2
Beds
1
Baths
768
Sq.Ft.
1930
Year Built
3
Days on Site
11772310
MLS
Charming 2 bedrooms, 1 bathroom home. This is the perfect home for first-time home buyers! Located in Central Houston near St. Arnold Brewery! This area is surrounded by new construction and the...
$179,900
Subdivision: Eastex Oaks Village
3
Beds
1
Baths
1,390
Sq.Ft.
1962
Year Built
5
Days on Site
10560787
MLS
Great 3 Bedroom Home in community of Eastex Oaks Village. Owner has updated: Water Heater, Bathroom, Gas range, in Large Kitchen and dining area. Home has Wood floors, Central Heat, AC, Converted...
$278,999
Subdivision: Macgregor Place Sec 01
3
Beds
2
Baths
1,628
Sq.Ft.
1950
Year Built
6
Days on Site
48373660
MLS
Delightful home that consists of 3 bedrooms and 2 bathrooms in South East Houston! The property is fully furnished, and great for someone looking for an immediate move in. This home also has a nice...
$99,500
Subdivision: South Park Sec 03
3
Beds
1
Baths
1,260
Sq.Ft.
1955
Year Built
6
Days on Site
75221046
MLS
Situated just outside the 610 Loop, this property is conveniently located to all major employment hubs of Houston including Downtown and the Medical Center! In under 20 minutes enjoy all the best...
Open 10/24
5802 Effingham Dr Houston, TX 77035
$360,000
Subdivision: Westbury Sec 04
3
Beds
3
Baths
2,144
Sq.Ft.
1960
Year Built
6
Days on Site
57331789
MLS
NEVER FLOODED!!Check out this fabulously fully remodeled 1-story 3-4Bd/3 bath/2 garage home on spacious corner lot and next to neighborhood park. Exceptional location (minutes to Galleria, Meyerland...

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