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We have two options for in-house financing. Both of these options require a loan application, credit report. A few conditions may be added as necessary. Please contact your Sales Associate for assistance in becoming prequalified.
Each loan requires a minimum 10% down payment. Terms include a balloon payment 6 months after purchase. Please ask your sales associate any additional questions you may have.
Our loan options:
Loan Option A: 1% Origination Fee, 18% Interest Only, Loan Balance due in 6 Months
Loan Option B: 2% Origination Fee, 14% Interest Only, Loan Balance due in 6 Months
** Plus $850.00 DOC FEE (Covers Legal & Credit Charges To Prepare and Underwrite the Loan)
Conventional Financing: We allow our clients to buy our inventory using Conventional and Institutional loans. We still require a minimum 10% down payment- The buyer must pay a cost of money at 16% interest on balance of purchase price from date of contract until closing, and is normally given 2-3 weeks to close the transaction. To get prequalified visit one of our preferred lenders.
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