Question 1

What's the difference between seller financing and owner financing?

Accepted Answer

They usually mean the same thing: buying a home without a traditional bank mortgage, with financing arranged as part of the sale. In traditional seller financing, the seller acts as the lender and carries the note. At Seller Finance Partner, financing is provided through our lending partner, so buyers get the benefits of seller financing without needing a seller who is willing to be the bank, and the seller is paid in full at closing.

Question 2

Where can I find seller financed or owner financed homes in Texas?

Accepted Answer

Every home listed on SFP is available with seller financing, often called owner financing, through our lending partner. Browse homes by city, or get qualified first and then choose a qualifying home in Texas.

Question 3

How much down payment do I need for seller financing?

Accepted Answer

Down payments typically run 10–15% of the purchase price, depending on your credit and file. Credit scores from 560 are considered, and self-employed, 1099, bank statement, and ITIN buyers are welcome.

Question 4

Can I offer seller financing on my home without carrying the note?

Accepted Answer

Yes. List your Texas home with SFP and it's marketed with seller financing available. Buyers finance through our lending partner, which purchases the home at closing, so you're paid in full and never become the lender. Selling on your own, you pay one flat fee from $199 instead of the typical 3–6% listing commission.

Question 5

What is seller financing through Seller Finance Partner (SFP)?

Accepted Answer

It's a financing program we offer through our lending partner. You get qualified first — based on your real ability to repay, not just a credit-score cutoff — then choose the home you want. Our lending partner purchases it and resells it to you with seller financing at closing, so the title is in your name. You don't need to find a seller willing to finance the home yourself.

Question 6

How is this different from traditional seller financing?

Accepted Answer

With traditional seller financing, you'd need to find a homeowner personally willing to finance your purchase. With our program, you don't — you get qualified through our program, then choose any home that meets the program's requirements.

Question 7

How is this different from a traditional mortgage?

Accepted Answer

With a traditional mortgage, you're often approved after you've already made an offer. With us, you're evaluated and approved before you start shopping. Our lending partner then purchases the home you choose and resells it to you with seller financing in a coordinated closing, so the title is in your name.

Question 8

Is this rent-to-own?

Accepted Answer

No. You are never put into a lease while you wait to qualify, and this is not a wraparound mortgage. Your name goes on the deed at closing.

Question 9

What credit score do I need?

Accepted Answer

We consider credit scores as low as 560 for qualified buyers. Your specific terms depend on your full financial picture.

Question 10

How much money do I need down?

Accepted Answer

Down payment is typically 10–15%, depending on your credit and the details of your file. Ask us for a read on your specific situation.

Question 11

Can I use alternative income like bank statements or 1099s?

Accepted Answer

Yes. We accept W-2, 1099, self-employed, and other alternative income documentation, including bank statements and P&L statements.

Question 12

Can I use this program with an ITIN?

Accepted Answer

Qualified ITIN borrowers are welcome, where the program permits — no Social Security number is required.

Question 13

What states is this available in?

Accepted Answer

This program is currently available in Texas, generally within major metro areas.

Question 14

What types of properties qualify?

Accepted Answer

Single-family homes, PUDs, and condos or townhomes on a primary residence generally qualify. Multi-family properties, manufactured or mobile homes, and investment properties are not eligible.

Question 15

Can the seller help with closing costs?

Accepted Answer

Yes — a seller can contribute toward closing costs and prepaid items. Down payment and reserves need to come from eligible sources on the buyer's side.

Question 16

Is approval guaranteed?

Accepted Answer

No. Approval is never unconditional or guaranteed while conditions remain. We'll walk you through exactly what's needed for your file.

Question 17

Can a real estate agent refer a buyer?

Accepted Answer

Yes. Agents can send us a buyer's scenario for review.

Question 18

Can a mortgage broker submit a loan?

Accepted Answer

Yes. Mortgage brokers and loan officers can submit a scenario for review.

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