What is the standard down payment for owner financing?

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  • October 23 2011 - Saint Paul
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Answers (3)

Profile picture for sryan1980
Pat Pribisko is correct. There is no set amount required. However, sellers offering seller financing usually want a more significant amount put down because of the increased risk they are taking on - they are acting as a bank. Most seller's I have worked with usually want 20-30% down if they are going to offer seller financing.
  • November 30 2011
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Usually Contract for Deed Sellers want 10% down.
  • October 23 2011
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It is my understanding that there is no standard downpayment.  There are just so many products available, such as: purchase with Seller 1st mortage loan, land contract (covered by special law in OH), rent with option to purchase, rent to own, rent with mandatory purchase, etc.  I believe that the most important part of these transactions is to involve an attorney at the beginning of these transactions to make sure that each transaction is set up properly to protect both the seller and buyer.
  • October 23 2011
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