33 photos
$74,250
1073 Leath St
Memphis, TN 38107
The owner (for sale by owner, no agent). Contact the owner through the original listing.
What the listing says
Owner Financing Opportunity Property Details 2 Bedrooms / 1 Bathroom 615 Sq Ft Central HVAC Sold AS-IS Financing Terms Purchase Price: $74,250 Down Payment: $7,425 (due at closing) Loan Term: 360 months (30 years) Monthly Payment: $600 (9.75% fixed interest) $500 Earnest Money Deposit (EMD) required Refundable if denied Non-refundable if accepted (applied to closing) Financing Features Loan serviced by 3rd-party company Fixed-rate (payment never changes unless taxes/insurance change) No prepayment or payoff penalties Closing at title company Underwriting Requirements Credit check, background check, DTI review Must show 2 years income history If credit 560 or below, proof of 12 months on-time housing payments required. Must verify ability to pay. Important Notes We will continue to market/show the property until EMD is received. Buyer must have down payment ready at closing. Buyers pays your own taxes & insurance.
See the original listing ↗This listing mentions owner financing. Terms are set by each seller and are negotiable. The description and numbers come from the listing and Zillow; confirm availability, the price and any financing with the seller or their agent.
Property Details
Property Type
Single Family
Lot Size
3,136 sq ft
HOA
None
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Questions about owner financing in Memphis
What is owner financing for 1073 Leath St?
Owner financing means the seller of 1073 Leath St acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. The listing for this Memphis, TN home mentions owner financing; confirm it with the seller.
Do I need good credit for owner financing?
There's no bank approval, but each seller sets their own requirements. Some check credit, income or references; others don't. Ask the seller or their agent what they need.
How much is the down payment for this Memphis home?
There is no standard down payment. The seller of this Memphis home sets their own, and it is negotiable. Ask the seller or their agent.