Creative Financing Options

[Ashley Barlow]

My finance and I are under contract for a house that was supposed to have an assumable loan. But, turns out the lender will not allow the loan to be assumed. We want the house and the interest rate and the seller wants out. We’ve looked in to possible subject to or owner financing or a rent to own deal. 

Issues with subject to or owner financing insurance how will that work and what is we go to apply for another mortgage loan in the future. Will it raise a red flag with the lender that we hold title to a house but the mortgage lien is in some else’s name?

Rent to own, we may live there for a bit but we intend to rent the property out and we do not want to run into issue with the seller when we go to rent it.

Are there any other ways to make this work?