Creative selling to first time home buyers

[Brent Austin]

I have an idea that I would like to run by the community.

I have a SFH that I would like to sell. The current renter is interested in purchasing but she has no savings.

Here is my possible solution:

She qualifies as a first time home buyer.

What if I lend her the 3.5% down payment with the agreement that I would retain 10% ownership via the title?

Then, when the loan is refinanced or the house is sold, I would receive my 10% equity.