FAQ

Frequently Asked Questions

What is Owner Financing and how does it work?

Owner financing is an alternative to traditional bank loans. Instead of a bank, the seller acts as the lender and you make your monthly payments directly to them. This is a fantastic option for self-employed buyers, those building their credit, or anyone looking for more flexible terms. We specialize in these types of transactions in the San Antonio area.

How much do I need for a down payment?

While many people believe you need 20% down, there are traditional loan programs that require as little as 3% to 5%. For owner-financed homes, the down payment is often flexible and negotiable. Let’s discuss your specific financial situation so we can find the best path forward.

Do I need a home warranty?

A home warranty isn’t required by law, but it can provide excellent peace of mind by covering unexpected repairs for major systems and appliances during your first year. We typically recommend it as a great option if you want added protection against sudden costs after moving in.

Do I need to be pre-approved before looking at homes?

Yes! A pre-approval is a lender’s written confirmation of how much you can borrow. It strengthens your position as a buyer and helps you understand your budget before you start looking at homes. If you are exploring Owner Financing, we will guide you on the specific requirements needed instead of a traditional pre-approval.

What should I expect at closing?

At closing, you will review and sign the final documents, settle any remaining payments, and officially complete the purchase. Our team will be right by your side to ensure every detail is handled smoothly so you can focus on celebrating your new home!

How long does the home-buying process usually take?

Once your offer is accepted, a traditional closing typically takes 30 to 45 days. However, one of the benefits of Owner Financing is that closings can sometimes happen much faster since we bypass the traditional bank underwriting process.

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We are here to guide you with clear, simple answers so every step of your home search feels a little lighter and a lot more confident.