Free template

Owner Financing Contract

An Owner Financing Contract is a legal document used in real estate transactions where the seller finances the purchase directly with the buyer. This contract outlines the terms of the agreement, including purchase price, interest rate, payment schedule, and consequences of default. It’s a beneficial option for buyers who may not qualify…

Key highlights

Detailed Payment Terms & Conditions

Clearly describes repayment obligations and interest calculations.

Ideal for Non-Traditional Financing Needs

Provides an alternative for buyers unable to secure a conventional mortgage.

Adaptable for Legal Assurance

Customizable to ensure adherence to local property and financing laws.

A Compelling Alternative to 1st Generation eSignature Products Mobile and User-Friendly

Greater Cost Savings Compared to Legacy Vendors

Next Generation AI Capabilities

10-day Proof of Concept

Tailored for Security Conscious Enterprises

Consistently recognized by analysts

Trusted by enterprises worldwide

Testimonials from Global Companies Powered by Certinal eSign

Watch customer story 1 Watch customer story 2 Watch customer story 3

Frequently asked questions

What should be included in an owner financing contract?

An owner financing contract should include buyer and seller information, property details, purchase price, down payment, interest rate, payment schedule, default conditions, and any additional terms and conditions.

Is an owner financing contract legally binding without notarization?

Yes, an owner financing contract becomes legally binding once both parties sign it, but having it notarized provides additional legal validation.

Can owner financing include a balloon payment?

Yes, owner financing agreements can specify a balloon payment at the end of the term, requiring the buyer to pay a lump sum.

How can an owner terminate an owner financing agreement legally?

Termination should follow the procedures specified in the contract, often including conditions for default and written notice, and should comply with relevant laws.