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

161 Properties
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$150,000
Neighborhood: I T Stettner
2
Beds
1F11/2
Baths
580
Sq.Ft.
1966
Year Built
2
Days on Site
39005559
MLS
This is a mobile home with 2 bedrooms and 1 1/2 baths. Great for a starter home. The home was recently painted, with carpet and tile. It has a fenced side yard with a porch. Plenty of room to run...
Open 10/8
6001 Orchard Trail Dr Pearland, TX 77581
$384,000
Neighborhood: Village Grove
4
Beds
2F11/2
Baths
2,357
Sq.Ft.
2013
Year Built
3
Days on Site
40240626
MLS
Enjoy this gorgeous one story four bedroom home located on a corner lot and conveniently across from your community pool and a recreational park. This home is also in a great location in the heart of...
$180,000
Neighborhood: Five Oaks
3
Beds
2
Baths
1,176
Sq.Ft.
1992
Year Built
3
Days on Site
22559337
MLS
Property has great space and privacy in the backyard. Great for storage of equipment has plenty of space. Property has a big detached shed and separated garage that has great storage space in attic...
$269,900
Neighborhood: Yorktown Colony
4
Beds
2
Baths
1,900
Sq.Ft.
1983
Year Built
4
Days on Site
94008721
MLS
Ready for immediate move-in. Beautiful 4-bedroom 2 bath home on a corner lot in the Yorktown Colony subdivision. This property features new paint and carpet. The floor plan features a beautiful...
$325,000
Neighborhood: Champions Terrace Sec 01 U/R
4
Beds
2F11/2
Baths
2,616
Sq.Ft.
1983
Year Built
4
Days on Site
42335020
MLS
STUNNING home In Champion Forest. FULLY Remodeled 4Bed, 2.5Bath. Only property with a private POOL and brand NEW turf installed & NEW Deck. Master down with NEW JACUZZI TUB. NEW Bathrooms, NEW...
$260,000
Neighborhood: Oakwood Glen Sec 01
4
Beds
2
Baths
2,137
Sq.Ft.
1977
Year Built
5
Days on Site
57988717
MLS
Charming 4/2/2 renovated home with a desired split floor plan located in an established community. The light and airy living room features a cathedral ceiling and fireplace. It is the perfect place...
$210,000
Neighborhood: Pine Valley
3
Beds
2
Baths
1,303
Sq.Ft.
1950
Year Built
5
Days on Site
86632267
MLS
Beautiful 3 Bedroom 2 full baths with an Extra Room that can be used as Office/Study Space, Game Room or TV Room. Completely remodeled and updated home located inside the loop close to Downtown and...
$429,900
Neighborhood: Westador Sec 06
4
Beds
2F11/2
Baths
2,851
Sq.Ft.
1976
Year Built
5
Days on Site
30762707
MLS
Great home in Westador Subdivision, corner lot with nice curb appeal, nice size bedrooms, great for entertaining inside and out, nice backyard with private pool for entertainment. Completely...
$429,500
Neighborhood: Autumn Creek Sec 04
4
Beds
2F11/2
Baths
2,863
Sq.Ft.
2002
Year Built
6
Days on Site
66233946
MLS
This is a beautiful Autumn Creek home in a great neighborhood. Desirable subdivision, light & airy, open floor plan, lofty ceilings, good flow for entertaining/everyday living. Touch of elegance in...
$239,000
Neighborhood: Post Wood Sec 03
3
Beds
2
Baths
1,484
Sq.Ft.
1977
Year Built
6
Days on Site
49817441
MLS
Welcome Home! This 2 story, 3 BR, 2 BA home will catch your eye with its great curb appeal. The community's location is so convenient. Everything from dining, shopping, medical and entertainment is...
$345,000
Neighborhood: Hickory Creek Sec 3
4
Beds
3
Baths
1,841
Sq.Ft.
1995
Year Built
6
Days on Site
7445504
MLS
IMMACULATE 4Bed & 3Full bath one story home in the prestigious HICKORY CREEK Subdivision. As you enter this beautiful bright home, SPOTLESS large open concept Living Room, Dining Room and a STUNNING...
$210,000
Neighborhood: Woodland Acres Annex
4
Beds
2
Baths
1,403
Sq.Ft.
1943
Year Built
6
Days on Site
85527242
MLS
This professional turnkey renovated home shows beautifully. Upgrades include new tile flooring, new wood trim, doors, baseboards and cabinets. New granite countertops, appliances and bathroom...

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