Owner financing in Bakersfield CA
1 Reply
Jacob Song
from Los Angeles, California
posted almost 2 years ago
Hello, I live in Orange County and plan to buy some properties in Bakersfield and sell it with seller financing.
My goal is to offer similar mortgage that the tenant would be paying as a rent. The price range of home that I have been looking for is under 150k.
Is there stricter law in California for doing owner financing compare to other states?
I have been contemplating between Arizona area and Bakersfield.
Jo-Ann Lapin
Loan Officer from Tustin, CA
replied almost 2 years ago
Financing currently on a 5 plex in Bakersfield . There are specific lending rules for seller financing to a consumer. not sure if this helps you?