sturdybusiness.com

Pick any home, no credit, no banks, no headache.

At Bankless, we believe that anyone deserves to purchase the home they want If they have at least 10 to 15% cash to close and an income to sustain the monthly payments.

All too often, hardworking individuals who pay their taxes and are responsible enough to put some money aside, see their homeownership dream getting restricted by the banks due to various reasons such as self-employment, not having a social security number or dealing with credit hurdles and they end up throwing money away on rent for years. This can leave us frustrated, feeling stuck in the current situation with no way out. We want you to know that we empathize with you and are here to assist you.

Step 1 Contact us

In order to help you in the most efficient way possible, we’ll ask you a few questions to determine what the best plan of action will be according to your situation. This first step is totally FREE, with no obligation, all your information will be kept confidential.

Step 2 Choose a home

Once you fill out our form and we can verify that you have at least 10 to 15% cash to close and the necessary income to sustain the monthly payments, we will set up a quick 15-minute phone call with you and your realtor to clarify the process. From there, we'll help you find the perfect home for you in case you haven’t already found it!

Step 3 Collect the keys

Finally, we will submit an offer to purchase the home that you want, we close on it first, and we then turn around and owner finance it to you at terms you've already approved and are satisfied with.

For more details on the process, check out the "OUR PROGRAM" section.

Apply Here

What Makes Us Different?

Pick any home, on or off the market

Whether you're still looking for a home, have one in mind or are already under contract, our services are available for pretty much any home out there.

No Judgement

No tax documents? No/Low credit? We look beyond your credit score and your past to get you financed.

Full Disclosure

At Bankless, we want to be as transparent as possible throughout the process. You can expect frequent follow-up calls from our owner finance specialists. It is important for us that you stay informed and aware of the situation throughout the entire process.

Single digit interest rates

At Bankless, we're happy to share that the interest rates with our program have consistently been staying under the 10% mark.

If you search the internet for low-doc loans, you will see plenty of programs offering stringent requirements such as 35% equity, imposing interest rates between 13-14%, with prepayment penalties and short-term balloon payment deadlines of 1-2 years.

At Bankless we want to make it a win for everyone involved, therefore the terms for our program usually go as follows:

- Single digits fixed interest rates

- 30-year amortization

- No balloons, ever

- At least 10% down + closing costs

- Deed in your name

No Restrictions

After we get you settled in your new home and the deed is in your name. You become the owner accumulating interest, rebuilding your credit, and once you decide to refinance there will be no balloon payments or prepayment penalties.

Frequently Asked Questions

Please reach us at hugo@thesturdybusiness.com if you cannot find an answer to your question.

What is third-party owner financing?

The Third-Party Owner Financing Program is a creative way for people to buy homes, even if they can't get a loan through the banks. The method has been around for decades and we've been using it since 2019. As long as we determine the house to be loanable, it will work everywhere in Texas and in most other states across the nation.

Here's how it works: We have a pool of investors who are already approved by us and the banks to get a mortgage. They use their good credit to first by the house that you, the end buyer, want with a traditional mortgage. They will then turn around to you (the end buyer) and sell the house to you, lending you the money you need. You pay them back over time, just like with a regular loan.

All communications are managed through a note-servicing company, ensuring transparency and clarity for all involved parties. Detailed roles and responsibilities are explicitly outlined beforehand, eliminating surprises, with contingencies thoroughly addressed. Throughout the process, an Owner Finance Specialist guides buyers every step of the way, providing comprehensive support and clarity.

Who benefits from owner financing and how does it work?

Owner Finance is specifically designed for those who have proof that they have the ability to pay but for some reason large banks will not grant them a mortgage.

Owner finance works very similarly to a regular mortgage. After you pick the home that is right for you, we submit an offer to purchase it and usually close within 28 days or less. Once closed, we turn around and sell you the home at terms you already approved and are satisfied with.

What are the main requirements to qualify?

Almost everyone does! All we require is that you have 10-15% cash to close (that includes the down payment + closing costs), and the ability to repay (as a rule of thumb, your monthly income should be equal to 4 times the monthly installments for the home). If you're not sure whether or not you qualify, give us a call and you'll be fixed in minutes.

Is buying with owner financing a good idea?

Owner financing has been around for decades and is a game-changer for many. If you hesitate on whether or not this process would be a good fit for you, feel free to give us a call and we can assess your situation.

How can you provide financing when banks cannot?

We'll simply have an investor with strong credit buy the home of your choice for you, and you'll get owner financing from them, with a warranty deed in your name.

I don't have any tax documents, can I still apply?

Yes! We can work around no tax documents.

Do I need to make the payments manually every month?

No, all the transactions are handled by a servicing company. Their only job is to take the money from the buyer's account and put it in the seller's account every month. You can sign up to get notified of the payment.

Do you require taxes and insurance in escrow?

Yes, we do require that the taxes and insurance portion of your monthly payment is placed in escrow. That way you don't have to worry about saving up when tax season comes around.

What is your expertise in the real estate industry?

We've been in the real estate industry for over 5 years and have been repeating this process hundreds of times over the last few years. Our team has extensive experience in buying, selling, and managing various properties, including residential, commercial, and industrial properties.

My credit has been a wreck since the coronavirus shutdown. Can I still qualify?

Yes, we believe that as long as you have a large enough down payment and the ability to repay, you should be able to purchase the house that you want.

How are the monthly payments rebuilding my credit?

We use a third-party note servicing company, their job is to make the transactions every month and report them to the credit bureaus. That way everyone out there is being notified that your payments are made on time and that will propel you towards a strong credit score, qualifying for a lower interest rate when/if you decide to refinance.

Low Credit? Choose Owner Finance ITIN? Prestamos de Dueño a Dueño

Pick any home, no credit, no banks, no headache.

How it works

Step 1 Contact us

Step 2 Choose a home

Step 3 Collect the keys

ITIN Holders

Self-Employed

Credit Challenged

Recently Divorced

Bankruptcy

Business Owners

Some Properties Available Now

Dallas

San Antonio

Houston

Houston

San Antonio

Houston

San Antonio

San Antonio

San Antonio

Fort Worth

San Antonio

San Antonio

What Makes Us Different?

Pick any home, on or off the market

No Judgement

Full Disclosure

Single digit interest rates

No Restrictions

Frequently Asked Questions

Contact Us

Drop us a line!

Low Credit? Choose Owner Finance ITIN? Prestamos de Dueño a Dueño

Pick any home, no credit, no banks, no headache.

How it works

Step 1 Contact us

Step 2 Choose a home

Step 3 Collect the keys

ITIN Holders

Self-Employed

Credit Challenged

Recently Divorced

Bankruptcy

Business Owners

Some Properties Available Now

Dallas

San Antonio

Houston

Houston

San Antonio

Houston

San Antonio

San Antonio

San Antonio

Fort Worth

San Antonio

San Antonio

What Makes Us Different?

Pick any home, on or off the market

No Judgement

Full Disclosure

Single digit interest rates

No Restrictions

Frequently Asked Questions

Contact Us

Drop us a line!

Connect With Us

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