ATTENTION OWNER FINANCING BUYERS!

10/19/18 4:45 PM / by Courtney Caputi

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 Don't forget how it works! 

Follow the 3 Simple Steps below! 

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STEP 1: Research and Home Search

Determine if this program is right for you and see if you qualify.
Look through our available inventory of homes. If you see something you like, call or email us to discuss the property and schedule a time to view the property in person. We will not sell you a house sight unseen. In order to ensure that you have a full understanding of the home and our application requirements we require you to physically go to the house before the process starts. No exceptions.
Fully assess the property condition. All properties are sold in “As-Is” condition. The majority of our homes will need some work and repairs in order to make them move-in ready. Each property is different so please check with the assigned asset manager in order to fully assess the home you are interested in.
Lastly, make sure you will be able to afford the monthly payments in addition to the costs associated with renovating the house and making it habitable, assuming it needs work.
 

Do you qualify for owner financing?

In order to qualify for this program you need to meet the following criteria:
  • Stable income for at least a year.
  • Able to fix, maintain, and make necessary repairs to the home.
  • Combined monthly net income requirement:
    • Note Amount of $25,000 Or Under: $2,000/Month minimum income
    • Note Amount of $25,001 – $50,000: $3,000/Month minimum income
    • Note Amount of $50,001 – $75,000: $4,000/Month minimum income
    • Note Amount of $75,001 – $100,000+: $5,000/Month minimum income

STEP 2: Applying for a Home

After you have viewed the house and received preliminary approval from one of our asset managers, please print the application.
Once the application is complete, fax or email all required items to your asset manager. For your convenience, fax numbers are available on our website as well as the application itself.
 

STEP 3: Application Review and Approval

Next comes the application review process. Our review and approval process generally takes about 2-4 weeks. To ensure a quick review, make sure you fill out the application in its entirety. The more information we have from you, the sooner we can let you know about your application status. Please don’t hesitate to inquire about the status of your application during this process.
Once approved, CastleRock will mail you the purchase agreement and all necessary paperwork through FedEx Standard Overnight mail.
Simply sign and notarize the documents, mail in with your deposit, as well as the first month’s payment and the house is yours!
 
 
You don't want to miss out! Check out our owner financing today! 
 

Owner Financing Inventory! 

 

For inventory updates and more register with us today!

 
REGISTER TODAY!
 
 
 To Learn More about CastleRock REO, fill out and Submit the form below!

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Topics: Owner Financing, Cash Investment, CastleRock REO

Courtney Caputi

Written by Courtney Caputi

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