Profile picture for dmullinswv

On Craig's list this home is listed as owner financed. What are the terms if owner financed?

  • Question refers to 2805 2nd Ave, Charleston, WV 25387
  • March 29 2010
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Answers (3)

Profile picture for swillie123

The terms totally depend on how much money the buyer puts down on this home. 

The loan will be amortized for 30 years @ 10% with a 5 - 10 year balloon payment. 

  • March 29 2010
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Profile picture for swillie123
The terms are negotiable, the down payment will determine the monthly payment. 

The loan will be amortized over 30 years, with a 5 - 7 year balloon.  That should give the buyer enough time to correct their credit issues if they have any
  • March 29 2010
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Terms for owner financed vary deal to deal. Find an agent you trust and see what terms can be negotiated.
  • March 29 2010
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