Interest rates are between 5.5-8% , depending on your credit score
30 years term / Low down-payment / No prepayment penalty
* All proposed financing options are subject to Seller approval. Seller reserves the right to deny owner financing at any time.
** Any financing under 8% interest is subject to a 5 year balloon or refinance. After 5 years, if Buyer remains in good standing, Seller has the option to refinance balance owed at the NY Prime Interest Rate, plus 1 point, at that time. Buyer has the option to refinance with a bank, or has the option to pay off.
*for 720 minimum credit score
*for 700 minimum credit score
*for 620 minimum credit score
*for 580 minimum credit score
*for 550 minimum credit score
* All proposed financing options are subject to Seller approval. Seller reserves the right to deny owner financing at any time.
*At the end of ballon, buyer has an option to seek refinancing from Seller for balanced owed at current NY prime interest rate + 1%. Or any other financing institutions.
*Seller is not obligated to refinance.
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