Questions and Answers

Buying FAQs

      What is Owner Financing?

        Who qualifies for Owner Financing?

        How much down Payment do I need?

        Do you have to buy these houses with Owner Financing?

        What is the interest rate?

        What if I have bad credit?

        If I pay it off early or refinance, do I have any penalties?

        Can I sell my house while it is owner financed?

Selling FAQs

Agent FAQs

Buyers FAQs

What is Owner Financing?

Owner Financing is when the seller provides financing for the buyer. This could include rent-to-own, Lease Option, Agreement for deed, loans and other seller provided funding.

Who qualifies for Owner Financing?

Not everyone qualifies, but it is much easier then qualifying for a bank loan. We give second chances to those that may have had some problems in their past. You should contact us to find the best finance program for you.

How much down Payment do I need?

The down payment varies based on the home and your situation. A down payment is shown with the listing. This may vary depending on your specific situation. The more you have to put down, the easier it will be for you to by the house.

Do you have to buy these houses with Owner Financing?

NO. You can buy our houses with any type of loan. We welcome offers and all homes are listed on the MLS system.

What is the interest rate?

Interest rates are calculated based on credit credit risk and current market conditions. Our rates are generally comparable to the "B" loan market and sometimes even better. Typically you want to find your house first and make an offer. You may choose to Lease Option until you can fix your credit and get a "A" loan from a bank. It is up to you.

What if I have bad credit?

You have come to the right place. We specialize in second chances. Whether you have good or bad credit, chances are we can help. You should contact us today to find out what you can afford.

If I pay it off early or refinance, do I have any penalties?

You should always ask this when getting a loan to make sure. COG Management, Inc. has no early payment penalties. Please be sure to ask your particular associate, but it is not our practice.

Can I sell my house while it is owner financed?

Yes. Owner Financing does not prevent you from selling your house. You should contact your associate prior to selling your home to get any details.