Financing a home may seem like a daunting prospect, or, at the very least, a long and demanding process. But when you choose SWE Homes, owner financing is made easy, straightforward, and accessible to everyone. SWE Homes provides owner-financed homes throughout Texas and Georgia; below, they discuss the requirements for owner financing.

Evidence Of Rental Payments

You must provide evidence of 12 consecutive months of rent payments. This establishes that you are prepared and able to pay a regular, monthly mortgage. It also demonstrates your ability to pay on time without incurring late fees and penalties.

Evidence Of Monthly Debt

To qualify for owner-financed homes through SWE Homes, you must provide proof that your usual monthly debt (including the monthly home payment) is not more than 43% of your before-tax income. Several pieces of information can help establish the amount of your monthly debt. These include other debt obligations, like a car payment; mortgage-related costs such as homeowner's insurance; and alimony or child support payments.

A Down Payment

At SWE Homes, a deposit is mandatory for all owner-financed homes. If you have previously filed for bankruptcy, you are not disqualified from receiving financing, though you may need to put down a larger down payment to be eligible for the financing program. Also, SWE Homes does not look at your credit score or place significant emphasis on your credit or lack thereof; they encourage all interested homebuyers to apply for owner financing.

Contact SWE Homes to learn more about your owner financing options. Call (713) 413-1000 to schedule an appointment, and visit them on Facebook and Twitter to stay current on relevant news and information. Make your dream home a reality, and choose SWE Homes for your owner financing.