1400 S 45th St

What the listing says

PURCHASE PRICE $285,000 OWNER FINANCE ONLY 2/3 bedroom, 2 bath laminate/tile flooring. Dishwasher Propane heating Newer (less than 5 years old) condensing A/C unit Washer/dryer hookups. 2 car garage (for small cars) Storage on back of home. City trash and water. Brand new roof New septic system installed within the last 5 years. 3.288 acre lot perfect for small homestead/hobby farm with livestock. Outbuildings, fencing/gates included. This property is available to claim agricultural exemption. Shown by appointment only with bank statement/letter of availability of funds available for down payment, through bank or other financial institution. Potential buyers will also be required to pass background/credit checks in order to qualify for owner finance. Call 903-874-1642 for appointment. Property Owner Financing Terms The Seller is offering owner financing for the purchase of the property under the following proposed terms and conditions: Purchase Terms Down Payment Options - Buyer may choose: 10% down payment ($28,500), or 20% down payment ($57,000) Fixed interest rate of 8.0% annually Loan will be amortized over a 20 or 25 year period depending on buyer option. Monthly Payments: Principal and interest payments for 20 year note with 10% down will be $2145.47 monthly not including taxes and insurance. Principal and interest payments for 20 year note with 20% down will be $1907.08 monthly not including taxes and insurance. Principal and interest payments for 25 year note with 10% down will be $1979.71 monthly not including taxes and insurance. Principal and interest payments for 25 year note with 20% down will be $1759.74 monthly not including taxes and insurance Prepayment Restrictions Buyer may not pay off the loan early, refinance the property, or make additional principal-only payments unless approved in writing by Seller. Buyer may not lease/rent or sell property unless approved by seller. Taxes and Insurance Buyer shall be responsible for: Property taxes Insurance Maintenance and upkeep of the property Seller will require proof of insurance naming Seller as mortgagee/lien holder. Default Failure to make payments as agreed may result in default and foreclosure proceedings in accordance with Texas law and the terms of the final loan documents. Closing Final terms, payment amounts, and legal documents will be prepared and executed at closing.