Swift River Properties offers owner financing on most of the properties we own. Owner financing is an affordable option for many people in a variety of land buying scenarios.
Why purchase property with our financing options? When you finance with Swift River Properties there are no impersonal banks involved – you are working directly with us and there are NO prepayment penalties. Because our financing is in-house, we can typically close as quickly as any cash transaction!
A minimum down payment of 20% is required for our standard owner financing real estate transaction.
All that is required in the qualification process is to fill out a simple owner financing application that provides us with an overview of your finances and credit history.
Typically, properties are financed for a 5-year term and can be amortized up to 15 years to drastically lower your monthly payments. Interest rates are fixed and vary depending on the down payment amount. Current rates are 8.9%, 7.9%, and 6.9% with a down payment of 20%, 30%, and 50%, respectively. There are no penalties when the outstanding principal balance is prepaid in full.