Looking to finance a person who has a significant down payment

[Trina S.]

Where should I look for good candidate to finance? Ideas?

I have bought and sold many properties over the years using craigslist and fsbo sites, however, for this deal I had the bright idea that maybe I do not need to actually buy the property, but maybe there is someone who has already found a good property, has a good employment or self employment situation going so repayment is not an issue, but cannot qualify for bank financing. (Oddly enough I cannot qualify for bank financing myself despite an uberhigh credit score and owning outright or having real estate contracts on 5 properties.) From a social perspective, I would like to help a millenial buy their first home, especially in a rural area or small town in New Mexico. Am looking to help fund my retirement with a monthly income stream with so am not looking short term particularly.

The loan can be up to 15 years with a 25 percent down payment and must be the only loan on the property. Need to see and have appraisal on home, prefer New Mexico or other southwest properties, but would consider other states. Rate is negotiable, but fair and will use a title or escrow company for payments and paperwork.

Suggestions? Pitfalls to watch out for or referrals...  The 25 percent down payment is not negotiable, but otherwise I could be pretty flexible.

[Colin Simon]

Significant down payment?

Them's fightin words.