2 photos
$12,450
LOT 203 12th Ave SW
Rio Rancho, NM 87124
Jimmie D Norris, EXP Realty LLC · (505) 234-6225
What the listing says
Large 1.25 acre lot not far from Southern Blvd. Owner financing now considered with 50% down payment. If you are an investor, contact us about creating a custom package deal for multiple vacant lots in the area.
See the original listing ↗This listing mentions owner financing. Terms are set by each seller and are negotiable. The description and numbers come from the listing and Zillow; confirm availability, the price and any financing with the seller or their agent.
Property Details
Property Type
Land
Lot Size
54,450 sq ft
HOA
None
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Questions about owner financing in Rio Rancho
What is owner financing for LOT 203 12th Ave SW?
Owner financing means the seller of LOT 203 12th Ave SW acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. The listing for this Rio Rancho, NM home mentions owner financing; confirm it with the seller.
Do I need good credit for owner financing?
There's no bank approval, but each seller sets their own requirements. Some check credit, income or references; others don't. Ask the seller or their agent what they need.
How much is the down payment for this Rio Rancho home?
There is no standard down payment. The seller of this Rio Rancho home sets their own, and it is negotiable. Ask the seller or their agent.