Articles By Dan Heskett

Owner financed houses or homes in its most simple terms means that the owner of the property will be the one financing the property for you instead of (in most cases) requiring you to go to a mortgage company to get a loan to purchase the home. Once a deal has been consummated you will make your payments to the “owner” instead of a bank. That is the single biggest difference between owner financing and typical bank financing.

A no credit check house purchase simply entails purchasing a home without the seller or owner requiring a credit check in order for you to qualify to purchase the home. You may have to show you have an income that can satisfy the monthly payment whether it be a job or spousal support or some other means but certainly much more flexible than what a bank would be.