OWNER FINANCING: As low as $1,000 down and $515/month principal and interest to buy your own home for $39,900, paid off in 10 years. You pay taxes and insurance of about $160/month for total payment of about $675/month. Nice 3BR ranch house with full basement. Kitchen and bathroom have been redone. Hardwood floors, double pane windows, newer HVAC system. Discount available for all-cash purchase. This will be a bid situation, someone with a larger down payment will have advantage over smaller down payment. Qualifications: 1. Strong desire to own your own home. 2. The monthly payment plus your other fixed debt (car payment, school loan, etc) should not be more than 43% of your gross monthly income (before taxes). 3. Your gross monthly income should be at least 4 times the monthly payment 4. You need to be discharged from any bankruptcies and 1 year past any foreclosure. 5. No evictions in the past 2 years. 6. Must have good references from previous landlords and current employer. 7. Don't need great credit but must demonstrate ability to make payments.
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