1414 Houston

🏡 Owner Financing – No Bank Needed! City of DENISON.

1414 S Houston Ave Denison, Tx 75021

4/2 Single Family, 1,636 sq ft. .144 acres

💵 Estimated Monthly Payment

Principal & Interest: $1,062.95
Taxes & Insurance: $448
Total: $1,511/month

💲 Price: $170,000
💰 Down Payment: $25,000 (Can do less)
📅 Term: 30 years (360 months)

📈 Initial Interest Rate: 7.99% fixed for the first 12 months

🔄 Adjustments:

Beginning in year 2, the rate may adjust once per year for the next four years.
Each annual adjustment is based on the CFPB-published 30-year Average Prime Offer Rate (APOR) + 6.00%.
Annual Adjustment Cap: rate may increase by no more than 1.00% per year during this period.
Five-Year Cap: rate will never exceed 9.99% during the first 5 years, regardless of APOR changes.

📊 Current Index Example:

30-year APOR (as of 9/15/25): 6.43%
APOR + 6.00% = 12.43%
Because of the five-year cap, the maximum possible rate during the first five years is 9.99%, not 12.43%.

💡 After Year 5:

The loan may continue to adjust annually under the APOR + 6.00% formula, subject to the long-term periodic and lifetime caps specified in the note.

💸 No Origination Fee – No Prepayment Penalty

Estimated Payment Example (Principal & Interest Only)

At 7.99%: ≈ $1,062.95 /month
If the rate rises to the 9.99% five-year maximum: ≈ $1,271.41 /month
Plus estimated taxes & insurance: ≈ $448 /month

⚠ Important: This is an adjustable-rate mortgage. The interest rate and monthly payment may increase after the initial 1-year fixed period. Rate changes are based on the CFPB-published 30-year APOR + 6%, with annual increases capped at 1% and a maximum of 9.99% during the first 5 years. Buyer qualification required.

Sage Grove Investments LLC (NMLS# 1807595, mortgage company license)

- 5900 South Lake Forest Drive Suite # 300 | McKinney, TX | 75070.

Geoff Hargrove (NMLS# 1110669, mortgage loan originator license)

- 214 592 5022, SageGroveInvestments@gmail.com