Owner Finance Closing Costs

[Jackie K.]

What fees are associated when doing an owner finance deal? I know there are no loan origination fees, but can someone give me an idea of what to expect?

Thanks

[Brian Levredge]

As far as the loan is concerned it's whatever you can mutually agree on. I closed late last year on a package of homes with owner financing and all I had to come up with was the down payment. Beyond that, you are responsible for any other buyer paid fees such as Title, etc. Those costs vary depending on the state and the purchase amount.