Can anyone speak on Seller Financing?

[Christina Jean-Francois]

I have recently stumble across seller financing and it seems to me that it may be exactly what I was looking for. I am not able to get a conventional loan, (just graduate college, so poor work history) but this seems like an option I could pursue now instead of having to wait a year or two to build a credible work history. Am I on the right path? I am still in the research phase but don't want to get stuck there for too long and would like to hear what other people have to say about this type of creative financing.

[Tony Guarino]

@Christina Jean-Francois Congrats on graduating! I don't have any experience with seller financing, but you might be able to get an FHA loan....

I don't know the exact rules, but if you get a job soon after graduating, you only need to be employed for 3 months to qualify. (This is how I bought my first duplex) Plus you only need 3.5% down. The only downside to FHA is that you have Mortgage insurance for the life of the loan, or until you refinance.

Good Luck!