What is an owner finance contract in Texas?

Rather than using a Contract for Deed, a simple owner finance is recommended in Texas. Using an Owner Finance, the Seller transfers the property to the Buyer, the Buyer signs a promise to pay for the property and gives the seller a lien to secure the promise.

Why is seller financing risky?

That's because most mortgages have due-on-sale clauses—and if the lender isn't paid, then the bank can foreclose. To avoid this risk, make sure that the seller owns the house free and clear or that the seller's lender agrees to owner financing.

What is the owner financing contract in Florida?

An owner financing contract is an agreement between the owner or seller of the property and the buyer. The seller agrees to finance the balance of the purchase price (not including the down payment) with the buyer making payments to the seller.

What is an example of a seller financing deal?

For example, if the purchase price is $5,000,000 and the seller is willing to finance 50% of the purchase price, the buyer puts down $2,500,000 and makes monthly payments on the remainder until the remaining balance of the seller note is paid in full.

How to write up an owner finance contract?

At a minimum, your contract should include the following: The names of the buyer and seller. A description of the property being sold. The purchase price. The down payment amount. The interest rate. The repayment schedule. The start and end dates of the loan. Closing costs.

How does seller financing work?

How Does Seller Financing Work? A bank isn't involved in a seller-financed sale; the buyer and seller make the arrangements themselves. They draw up a promissory note setting out the interest rate, the schedule of payments from buyer to seller, and the consequences should the buyer default on those obligations.

What are good terms for seller financing?

Most seller notes are characterized by a maturity term of around 3 to 7 years, with an interest rate ranging from 6% to 10%. Because of the fact that seller notes are unsecured debt instruments, the interest rate tends to be higher to reflect the greater risk.

What is an example of a seller finance deal?

For example, if the purchase price is $5,000,000 and the seller is willing to finance 50% of the purchase price, the buyer puts down $2,500,000 and makes monthly payments on the remainder until the remaining balance of the seller note is paid in full.

Home
Functionality index

Seal your deals with confidence using Owner Financ Contract Template creator software

Drop document here to upload

Up to 100 MB for PDF and up to 25 MB for DOC, DOCX, RTF, PPT, PPTX, JPEG, PNG, JFIF, XLS, XLSX or TXT

Based on 12500+ reviews

Last updated on Dec 26, 2025

Document creation is just the beginning

Learn more about security

Create and edit documents with a trusted solution

Try easy-to-use tools for all your document management needs.

Upload your document

pdfFiller scores top ratings on review platforms

I didn't want to pay for this feature but it is really a great program. I only wish I would be able to be copied and review status of Signed documents as it progresses without paying additional. Or adding the file for Esign to my personal email sent file.

Nina

I just started using this software … Found it while searching for a PDF Editor on Google...Very easy to use... Extremely efficient … I love it!

Michelle C

PDF Filler Signature function is great PDF Filler is pretty good, the ability to edit pdf's is always good but I have found the Signature copy function particularly useful over the standard PDF tools.

Thomas Faithfull

Makes life EASY I sign a lot of forms daily in my job. PDFfiller makes is so fast PDFfiller is very easy to use on all mobile devices. The signature field is super easy to use, makes filling out forms super fast. No cons! This software is very easy to use, and should be used by everybody! Thanks for the great product!

Verified Reviewer

Good facilities and free trial welcome. Request for Rating a bit quick though! Comprehensive system that you can use at different levels, from basic form-filling to online collaboration and submission.

Martin T

Took a little time to figure out how to… Took a little time to figure out how to do more than one signature on a single document, but the Support Team was helpful and patient with me as I learned.

ERIK WHITING

Show more Show less

Watch pdfFiller eSignatures in action

Check out a quick video tutorial that shows how to create and place your signature or send a document for signing.

Related features

List of extra features

FAQs

If you can't find what you're looking for, please contact us anytime!

Contact Support

Create and edit documents with a trusted solution

Try easy-to-use tools for all your document management needs.

Upload your document

Seal your deals with confidence using Owner Financ Contract Template creator software

Document creation is just the beginning

Create and edit documents with a trusted solution

pdfFiller scores top ratings on review platforms

Watch pdfFiller eSignatures in action

Related features

Related searches

List of extra features

FAQs

Create and edit documents with a trusted solution