We have seen many people wanting to purchase a home only to not be able to qualify.  Let’s face it these are challenging times but on the positive side there is a way you can buy a home with as little as $5,000 total down.  It’s called Bond for Deed or Owner Financing.  We have sold and closed many of these types of properties.  In the state of Louisiana we have a term called “Bond for Deed”.  It’s where the seller holds the note acting on behalf of their mortgage company.  Home owners do not have to have their home paid for to sell it bond for deed.  Buyers of these homes get credit for paying their payment on time thus bring up future credit scores. 

We typically negotiate such terms at 1 to 2 percent over the current interest rates.  Today a buyer would see 6.25% placed on a 30 year term.  This means a $230,000 home for under $1,600 a month.

These are not dumpy homes in undesirable neighborhoods.  Many of these homes are new. . .Yes new homes in Mandeville, Covington and Madisonville, Louisiana.  If you’re a home owner needing to sell a home or would like more information concerning bond for deed, please call us at 985-626-1313.

To see bond for deed and owner financing homes for sale log onto . . . http://www.NolaBondForDeed.com