Putting Together Seller Financing Deal - No Interest

[Marcell L.]

Hi All -

I am in talks with a FSBO on the possibility of doing seller financing. Because of religious reasons, he cannot accept interest. In order to overcome this challenge, I was thinking of offering more for the property to capture missed interest. As an example - add the amount of interest a 10 year note @ XX% would accrue into my offer upfront. Does anyone know if there are any restrictions by law which would do not allow zero percent interest seller financing? I am pretty sure seller financing between family requires a min rate.