5237 Balmoral Ln
Bloomington, MN 55437
2
Bedrooms
2
Bathrooms
1,060
Sq Ft
1981
Year Built
About This Property
3.5% interest rate to qualified buyer!!! All on one level main floor home. This townhome has only 3 neighbors! Easy access with NO stairs or steps from garage, and direct access to your home without going outside! This home has been transformed literally from top to bottom and it is stunning! When you step through the front door it is all new construction. Entire interior of this home was demoed, and then professionally renovated. And has new windows and sliding glass door to the private patio to boot! Kitchen has been completely redesigned. Nicest kitchen cabinets in the whole development. New primary bathroom, shower and tile work is over the top. New heavy solid mission style doors and new luxury vinyl plank floors are outstanding. All new lights, appliances, knockdown ceilings and carpet. You name it. Even the garage is newly finished. With seller financing , buyer would NOT need a mortgage company to buy this property! Just pay seller a down payment, and heres the really good news, buyer would only need $950 total closing costs! (plus your standard prepaids) 30 year amortization schedule based on a FIXED interest rate of only 3.5%. CD would be 3 year term, with balloon payment after the 36 months. Great financing package on top of a "not needing anything" property for one lucky buyer!
Property Details
Property Type
Multi-Family
Year Built
1981
HOA
None
Listed Price
$219,000
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 Bloomington
What is owner financing for 5237 Balmoral Ln?
Owner financing means the seller of 5237 Balmoral Ln acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. This property in Bloomington, MN 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 Bloomington home?
Down payment terms are negotiable. Sign up for free to get the specific financing details for this Bloomington property.