Compare it with a bank loan
An example: a $600,000 home where the seller carries the loan at 5.5% with 20% down. Move the sliders and type in the real terms - every listing below has the same calculator on its page.
- No bank approval process and often a faster close.
- Rates and down payments are negotiable - every deal is different.
- Short terms usually end in a balloon payment; plan to refinance or sell before it.
Seller-carry homes for sale
Updated daily from the MLS. Terms are what the listing agent wrote; always confirm with them.
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Seller carry questions
What is seller carry (owner financing)?
The seller acts as the lender. You make a down payment and pay the seller monthly at an agreed rate, secured by the home, instead of borrowing from a bank.
Do I need to qualify with a bank?
No bank is involved, but most sellers want to see proof of funds for the down payment and some ask for a credit check. Everything is negotiable.
What is a balloon payment?
Many seller-carry notes run 3 to 10 years. Payments are often figured on a 30-year schedule and the remaining balance is due at the end - usually paid by refinancing. The calculator shows the balloon amount.
What if the seller still has a mortgage?
Then the deal needs extra care (the existing lender may have a due-on-sale clause). We check this with the title company before you sign anything.
Are the terms on this page guaranteed?
No. They are what each listing agent wrote. We confirm the real terms with the seller before you write an offer.