10 photos
$39,000
Somerset St
Belen, NM 87002
Leonel Munoz, Regal Real Estate Experts · (505) 301-1292
What the listing says
OWNER FINANCING AVAILABLE!: ONLY$ 7,000-8,000$ down. 10-15 Year Amortization Schedule (low monthly Payments)8.75% interestDEVELOPMENT OPPORTUNITY! SINGLE & PACKAGE LOTS AVAILABLEHIGHWAY 47Unit 63: 1 lot to a person or company who is going to keep the lot and build in the future for their own home.Owner Financing with $8,000 down, balance on a REC @ 8.75% interest, amortized over 10 to 15 years1-3 lots to a builder. Owner Financing with $7,000 down, balance on a REC @ 8.75% interest, amortized over 10 years and price will be reduced by $3,000 per lot on the prices listed below5 plus lots to a builder. Owner Financing with $7,000 down, balance on a REC @ 8.75% interest, amortized over 10 years and price will be reduced by $4,000 per lot on the prices listed below
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
32,670 sq ft
HOA
None
More owner-financed homes near Belen
Questions about owner financing in Belen
What is owner financing for Somerset St?
Owner financing means the seller of Somerset St 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 Belen, 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 Belen home?
There is no standard down payment. The seller of this Belen home sets their own, and it is negotiable. Ask the seller or their agent.