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Terre B.
  • Aurora, Co
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180
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How to make an owner finance offer?

Terre B.
  • Aurora, Co
Posted Mar 8 2019, 17:47

How do I present an offer for an owner carry? There is a mobile home, not on land, so it cannot go FHA. Owner wants $50K. I asked if he'd consider owner carry, and he indicated it would depend on the down. I mentioned 20%, and he wasn't excited. Mobile home financing I can find is 12% for 23 years, so I'm wondering if there is a better way. I'd like to go 10% down, 10% interest, with maybe a balloon?

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