If you’re interested in purchasing land or commercial property, you may be concerned about your financial standing. But with the help of SWE Homes, you can opt for owner financing, even if you don’t have a strong credit history. Located in Houston and serving clients throughout Texas and Georgia, this mortgage loan originator makes it quick and easy to buy houses, office spaces, and other types of commercial properties. When you want to realize your dream of becoming a proud business owner, allow these friendly professionals to guide you through the process.

Owner financing for commercial properties and land is much more attainable than you might imagine, even for those with low incomes and poor credit scores. Here are a few requirements for owner financing:

• Employment: To qualify for owner financing on commercial properties or land, you need to be employed. Additionally, you must provide proof of income. Ideally, your job should pay four times the amount of the monthly payment on the property you want to purchase.
• Credit Check: Although a credit check is required for owner financing, your credit score will not play a significant role in your eligibility. More importantly than a credit check, your mortgage loan originator will analyze your most recent employment history, pay stubs, rental history, and utility bills.  
• Closing Costs: There are no closing costs for owner financing, but you will need to pay some smaller fees at the time of closing. Closing charges may include: recording the deed in your name, year one of insurance, property tax escrow, insurance escrow, and prorated interest.

When you’re ready to purchase commercial property, SWE Homes will help you locate and finance your investment. Give them a call at (713) 413-1000 today to speak with a knowledgeable staff member about owner financing, and visit them online to find out more information about properties, homes for sale, and no-credit mortgages.