1073 Leath St
Memphis, TN 38107
2
Bedrooms
1
Bathrooms
615
Sq Ft
1930
Year Built
About This Property
Owner Financing Opportunity Property Details 2 Bedrooms / 1 Bathroom 615 Sq Ft Central HVAC Sold AS-IS Financing Terms Purchase Price: $74,250 Down Payment: $7,425 (due at closing) Loan Term: 360 months (30 years) Monthly Payment: $600 (9.75% fixed interest) $500 Earnest Money Deposit (EMD) required Refundable if denied Non-refundable if accepted (applied to closing) Financing Features Loan serviced by 3rd-party company Fixed-rate (payment never changes unless taxes/insurance change) No prepayment or payoff penalties Closing at title company Underwriting Requirements Credit check, background check, DTI review Must show 2 years income history If credit 560 or below, proof of 12 months on-time housing payments required. Must verify ability to pay. Important Notes We will continue to market/show the property until EMD is received. Buyer must have down payment ready at closing. Buyers pays your own taxes & insurance.
Property Details
Property Type
Single Family
Year Built
1930
Lot Size
3,136 sq ft
HOA
None
Listed Price
$74,250
Owner Financing Terms
Why Owner Financing?
- ✓ No bank qualifying
- ✓ Bad credit OK
- ✓ Fast closing
- ✓ Flexible terms
Free account - No credit card required
Frequently Asked Questions About Owner Financing in Memphis
What is owner financing for 1073 Leath St?
Owner financing means the seller of 1073 Leath St acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. This property in Memphis, TN is available with owner financing terms.
Do I need good credit for owner financing?
No! One of the biggest advantages of owner financing is that you typically don't need to qualify through a bank. This makes it possible to buy a home even with bad credit, no credit history, or self-employment income that's hard to document.
How much is the down payment for this Memphis home?
Down payment terms are negotiable. Sign up for free to get the specific financing details for this Memphis property.