How Does It All Work?
The owner financing process is actually pretty simple.
First, Join our property list and tell us what type of home you’re looking for, your budget, etc (START with the form to the right)
Step 1 – Contact us for detailed information about the home you are interested in and our financing options. You may submit an application at this time if you have already looked at the property and want to speed up the process to help ensure no one else buys the property.
Step 2 – After inspecting the home thoroughly, you will contact your Cross Properties, Inc. representative to provide any needed documents and to complete your financing application. They will submit your application and supporting documents to our financing department for approval. This is simply to ensure your ability to pay. Upon approval, you will be required to make a deposit to hold the property as the first in line, and your Cross Properties, Inc. representative will contact you to keep you on track for the next steps of new home purchase.
Step 3 – Once you are approved, the contract process begins and you will be contacted by our closing service to arrange for the convenient signing of your contract documents. During the contract signing process, you will deliver your down payment to the notary along with your debit card information which is required for delivery of your monthly payments. The signing of the contract removes the home from the market.
Step 4 – You will receive an email containing your finalized purchase agreement attached within 2 business days from your signing day.
Step 5 – Within about 3 weeks from signing the contract, our settlement office will “close” the transaction. It is there that you get the keys, and can and MOVE IN! The entire process normally takes less than 30 days.
Any issues or concerns you have about the condition of the property should be discussed with your representative upon your inspection. All houses are sold “As Is”. This does not mean that there is necessarily anything wrong with the home. It only means that we will not be making any repairs or improvements prior to the sale of the home. We will also not be making any guarantees, or warranties with regard to the condition or livability of the home. We strongly encourage you to inspect your home prior to making a down payment. Down payments are refundable only if you are not approved for owner financing.