$16,000
5229 Olsen Rd NE
Rio Rancho, NM 87144
Frank Andreone, Coldwell Banker Legacy · (505) 828-1000
What the listing says
Extra large 1.74 AC lot in path of growth.Seller will finance and open to trades also.
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
Land
HOA
None
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Questions about owner financing in Rio Rancho
What is owner financing for 5229 Olsen Rd NE?
Owner financing means the seller of 5229 Olsen Rd NE 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 Rio Rancho, NM 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 Rio Rancho home?
There is no standard down payment. The seller of this Rio Rancho home sets their own, and it is negotiable. Ask the seller or their agent.