Typically it takes in average 21-30 days to purchase the home (A to B transaction) and an additional 7-10 days to owner finance the home back to you (B to C transaction)

So there are 3 parties for this service, A = seller of the home, B = us Casa Deals Owner Finance Homes, C = our client the owner finance buyer. We have to first successfully purchase the home A to B sale, turnaround and sell via owner finance to you B to C sale.

We understand that some of our owner finance buyers may have bruised or not so great credit. We are mainly concerned on your ability to afford and repay the loan back. We take a look at the big picture and If you can demonstrate to us and verify the ability to repay the loan chances are we can work with you. We do understand the risks we are taking as a lender and that is also the reason we are charging a premium service fee and interest rate for our services.

No you need to have the ability to show us income even if you are self employed. You need to be able to afford your new loan. We are responsible lenders and not in the business of selling/lending bad loans. We do not want to waste anyone's time or money by making a bad loan, we not only want to protect ourselves but the new buyers as well.

Please see our complete list for documents required to processing and approval at documents.casadealsownerfinancehomes.com to process an application for both self employment and W2 employment.

Usually we will negotiate a 7-10 days option/inspection period on our A to B purchase and do a ‘pass through’ period to our B to C option/inspection period. So you will have at least 7 days option for your inspection period that you have access to the property to perform any due diligence that you would like and you can also order a professional home inspection that we do not require but highly recommend. If there are any revisions or price reductions due to inspection and/or appraisal those savings will be passed on to you and reflected on B to C transaction.

If you do not make your entire monthly mortgage payment, just like any bank or lender, you will receive a notice of default and eventually we would have to foreclose on the home if the loan is not brought current or reinstated, Casa Deals Owner Finance Homes would have to take the property back. The Foreclosure process would go through the Texas court just like any other lender who is foreclosing.

Your mortgage interest rate is fixed for either 30, 20 or 15 years. Whatever loan term you chose at time of closing or qualified for. Your interest rate is fixed, so your principal and interest payments do not ever change, however your property taxes and homeowners insurance change every year. That change will be reflected on your monthly payment, the 3rd party loan servicer that we use will manage your escrow account and you will be notified by them of any changes or adjustments that might occur

Yes we purchase all types of homes and fixer uppers and we pay cash with a flexible closing, we can cash you out of your current home and if you can qualify for our program we could provide our buying owner finance service to you. It would work very much like a swap if you are looking to upgrade or downside. We provide a hassle free transaction and you dont have to pay any realtor commissions or have to list your home in the market and wait for a buyer.

No we only service the state of Texas in major areas of a population of at least 250,000 people. DFW, Houston, Austin and San Antonio.

​As mentioned above you need at least 15% down payment for B to C transaction plus closing costs. Closing costs will vary depending on your purchase price, usually anywhere between 3-5% additional will be required for closing costs. So for budget purposes you should plan 18-20% of sales price for a total cost of out of pocket expenses.

$300 application fee is non refundable for whatever reason and it is due after you are pre qualified for free, we will look at your situation and let you know upfront what your chances are of getting approved. After you are pre qualified you can pay for application fee and submit documents required, you would need to be approved in order for us to move forward with an offer on the home you are interested. The appraisal fee of $525 is non refundable and due immediately after option/inspection period is over, that is when we will order the appraisal.

We do everything by the book. We use a 3rd party Residential mortgage loan originator (RMLO) to process any applications for borrowers, qualify them and provide the necessary disclosures per state laws, compliance and regulations. We are in full compliance of Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. We use a very experienced real estate attorney and title company in all of our transactions and a 3rd party loan servicer company to manage and administer every mortgage. Although we will be the actual principals and owner of record of the properties we purchase and sell, our entity’s principals also hold an active real estate salesperson or broker license by TREC but no representations are being granted or given to any parties in the transaction.

Yes absolutely, please fill out an inquiry in our contact form or a pre qualification form and we would be happy to provide references.

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