How Does Owner Financing Work??

The Owner Financing program is designed to give those who otherwise couldn't borrow money from an institutional lender the chance for the dream of home ownership.

Basically RAMP Properties, LLC. finances the property for you, the buyer.

RAMP Properties will receive a down payment (usually $5000-7000 depending on the property).  The borrower will make payments based on the established interest rate for a term of 2 years.  During this period, the buyer has a chance to establish their credit or repair any credit problems so that a traditional loan can be obtained from a financial institution.  At the end of the term and after obtaining a loan, the buyer settles with RAMP Properties and the home becomes yours!  

During this 2 year term, all monthly payments along with the down payment go toward the purchase price of the home.  Therefore, repairs and maintenance are the responsibility of the buyer.  The payments are not rent!  RAMP Properties is not your landlord, we serve as your lender.  All interest paid is tax deductible at the end of the year.  

All information herein is property of RAMP Properties, LLC. For questions or comments about this site please contact Rob@rampproperties.com