Owner financing also referred to as ‘seller financing’, is a transaction where the seller, us, finances you to purchase one of our Chicago south side houses, even if you fail to meet traditional bank and lenders mortgage requirements.
Together, as the buyer and seller, agree to a land contract that has a specified interest rate, terms, and monthly payment amount you would pay directly to us.
URB owner financing is ideal for people who fail to qualify for traditional financing due to their employment, low credit score, previous foreclosures, or bankruptcies.
Advantages of URB Owner Financing
No hassles or no hidden costs: There is minimal paperwork, and no appraisal costs or bank fees.
For buyers who can’t get financing: This may be the only option for buyers who cannot get a traditional mortgage.
Flexible down payments: There are no government or bank-required minimums.
Faster closing: There is no need to wait for the underwriter, legal departments, or bank loan officers to process and approve applications.
Simple and Stress-Free process: Speak with a friendly URB Sales Specialist to discuss the details of using URB owner financing to buy one of our Chicago south side houses.
