At Countryside, We Make Owning a Home Easy!
Owner financing is our specialty, and we have helped scores of people own their home instead of renting. We can often make loans to people who can’t get bank financing. This is usually just because they are self-employed or had a past credit issue.
Here’s how Countryside’s Owner Financing Works:
Countryside and our affiliates have the ability to finance your new or existing home with simple qualifications. On a typical 3-bedroom townhouse in Fishersville, for example, the purchase price is $187,205. If you have 5% down which would be $9,361, and your credit is 575 or better, you are well on your way to owning a home! (APR of 6.99% on a 30-year Adjustable Rate Mortgage.)
We will sit down with you and write a simple purchase agreement. Your monthly principal & interest payment would be $1,183, plus taxes & homeowner’s insurance. You would invest a $2,500 deposit, plus $30 to run your credit and background, then we are all set. Congratulations, you’ve just bought a home! (Don’t worry If your credit is less than perfect. If you have a sufficient down payment and have a clean background check, we would be happy to work with you to achieve the goal of owning a home.)
Once the contract has been signed, we will schedule a closing date. On the day of closing, you would bring the balance of your down payment ($9,361 – $2,500 = $6,861) and your first monthly payment. There are no closing costs! We cover those! The closing takes 20-30 minutes to go through the paperwork and to answer any questions, then you leave with the keys to your new home. It is really that easy!
We have many housing options across Virginia – townhomes, condos, single-family homes, land, etc.