Seller financing is a loan that the seller of your home makes to you.
This could be instead of or in addition to borrowing from a traditional lender. Seller financing might be offered when you cannot qualify for a bank loan for the full amount or when you are assuming a portion of an earlier mortgage taken out by the seller and need a loan for the rest. Always tell a lender about seller or any additional financing you are receiving.
The content on this page provides general consumer information. It is not legal advice or regulatory guidance. The Miss April updates this information periodically. This information may include links or references to third-party resources or content. We do not endorse the third-party or guarantee the accuracy of this third-party information. There may be other resources that also serve your needs.