Basic Loan Terms.
Some Owners May Choose A Variant Of The Three Terms.

  • Terms 1
  • Terms 2
  • Terms 3

(Short Term) 18-36 Months – Amortized At 30 Years

  • 10% Down
  • 10% Interest
  • Payment Includes PITI
  • Closing Costs = 1st Payment Amount
  • No Pre-Payment Penalties
  • Buyer Responsible For Repairs

 

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(Medium Term) 36-60 Months – Amortized At 25 Years

  • 15% Down
  • 9% Interest
  • Payment Includes PITI
  • Closing Costs = 1st Payment Amount
  • No Pre-Payment Penalties
  • Buyer Responsible For Repairs

 

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(Long Term) 60-120 Months – Amortized At 20 Years

  • 20% Down
  • 8% Interest
  • Payment Includes PITI
  • Closing Costs = 1st Payment Amount
  • No Pre-Payment Penalties
  • Buyer Responsible For Repairs

 

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