U-PICK Seller Financing PROGRAMnew - Homes over $300,000 only 10% price increase!
- Buy the home of your choice - you pick the home! - We provide the financing
- Choose any home listed for sale in the MLS (bank owned, short sale, traditional sale)
- The price of the home is increased based on the length of financing you choose
Step 1: Get pre-qualifiedComplete our online application
Or contact us and we will help you get started: 602-647-6905
Step 2: Sign agreement to terms (we will prepare and send to you)
The agreement to terms provides a written agreement stating we will
provide financing based on the terms selected during approval process
Step 3: Select the length of time you need financing
The increase in price is dependent on the length of time financing is provided
5 year term = 15% increase in price
10 year term = 20% increase in price
15 year term = 25% increase in price
* discount available for homes over $300,000
(all loans based on 30 year amortization with balloon due at end of selected term)
EARLY PAYOFF DISCOUNT:
If you pay off our financing in less than the number of years you initially select
your payoff is discounted by the number of years you didn't use as follows:
Discount if paid off in:
year 1 = 4% discount
year 2 = 3% discount
year 3 = 2% discount
year 4 = 1% discount
Step 4: Determine your price:If the home you choose costs $197,000 and closing costs for us to purchase are $3,000
the base price is $200,000. Add 15% to this base equals your price of $230,000.
Step 5: Select your down payment
You need at least a 10% down payment to buy with our U-pick program.
Step 6: Find your home
Work through our Realtor or yours*
How the program works:
- First, get pre-approved for the program and agree to the financing terms
- We verify your down payment and review your application for program eligibility. The program is not credit score driven. It is based on your ability to afford the payments.
- You select any home for sale (bank owned, short sale, foreclosure, traditional MLS listing). We assign an approved real estate agent to work with you just like a traditional real estate agent would - sending you listings, searches, showing you properties, etc. You can also use your real estate agent once they are approved and agree to the terms of our program.
- When you find the home you like, we buy the home in our name - for the best price possible (with any savings passed on to you). You determine our offer price with our assistance.
- You complete all inspections so you are satisfied with the condition of the home.
- We then sell to you with seller financing based on the following terms:
- 10% or greater down payment from you
- Our financing with interest rates starting at 6.5% interest;
- Closing occurs through a traditional title company
- Independent account servicing company collects payments from you on a monthly basis
- You get the tax benefits
Contact us today to get started. 602-647-6905
*We cooperate with real estate agents from other companies provided they agree to our program terms and guidelines. Have your real estate agent contact us to become an approved Realtor.