THIS HOME IS FOR SALE ON LAND CONTRACT TERMS: Purchase price is $143,500. Seller is asking for $5000 down leaving a loan of $138,500. The $138,500 loan is amortized over 30 years at 6.00% interest which equals a principle and interest payment of $830.00 per month. Property taxes and homeowner insurance total an additional $370.00 per month for a total payment of $1200.00. The contract term is for three years. After three years the buyer will obtain their own financing or renegotiate the terms of the contract. BUYER QUALIFICATIONS: · No evictions in the last three years. · No tax liens or outstanding balances with previous landlords. · Pending bankruptcies or foreclosures must be discharged. · Buyer must show current pay stub equal to a minimum of three times the monthly payment. · We will run a credit and criminal background check. · Online application fee is $45.00
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