Plain answers about buying a home with owner financing from Sage Grove Investments: how it works in Texas, who qualifies, and where our homes are.
Owner financing means the seller is also the lender. Instead of getting a loan from a bank, you buy the home and make your monthly payments directly to us. Sage Grove Investments buys, repairs and sells homes across North Texas, and we finance the homes we sell ourselves.
You apply, we review your application, income and ability to repay, and you put money down. We close at a title company, you get the keys, and you make one payment each month directly to us. You own the home from day one; we simply hold the note. Because we're a licensed Texas mortgage company, you get your terms and the required disclosures in writing before you sign, the same as with any mortgage.
You own it. It isn't a lease or rent-to-own arrangement. The home is yours from closing, and we hold the note until it's paid off.
Our standard owner-financed note is a fixed-rate loan with a balloon payment: the entire remaining balance is due at a set date. When the balloon comes due, the loan is paid off, refinanced, or the balance is paid in full. We give you every term in writing, including the balloon amount and date, before you sign. We also offer adjustable-rate mortgages. Ask us for terms on any home.
Yes, a down payment is required. We'll talk through what works for your situation.
As the owner, you're responsible for the home's property taxes and homeowners insurance. Your loan terms will spell out how they're paid.
Often, yes. A low credit score won't disqualify you the way it does at a bank. We look at your income, your ability to repay and your whole situation, quickly and personally.
Yes, that's okay with us. We understand business owners and irregular income, and a short job history doesn't rule you out.
No. ITIN buyers are welcome.
It's built for buyers who can't currently qualify at a bank. Expect easier qualifying, less paperwork, quick answers, and you deal directly with the owner from application to closing.
North Texas: Fannin County (Bonham, Honey Grove, Leonard), Grayson County (Sherman, Denison, Whitewright), Hunt County (Greenville, Commerce, Wolfe City), Collin County, Delta County (Cooper) and Lamar County (Paris). See the homes available now at sagegroveinvestments.com.
Yes. If you find a home you love in Fannin, Grayson, Hunt, Collin, Delta or Lamar County, we can still finance it. The process is similar. Ask about financing options.
Most of our homes are repaired before we sell them, and fixer-uppers are welcome too. Ask us about any home.
Fill out our short online application (no obligation), or call or text (214) 592-5022. We'll follow up with you personally.
Yes. Sage Grove Investments LLC is a licensed Texas mortgage company (NMLS #1807595), in business since 2012. Our loan originator, Geoff Hargrove, is licensed under NMLS #1110669. You can check both at www.nmlsconsumeraccess.org.
Ready to look at homes or get started? There's no obligation, and we'll follow up with you personally.
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