Skip links

Contact Us

Fairfield Development Group

Purchase Real Estate Sooner with Our Owner Financing Program

Are you having trouble securing traditional financing, or are you hesitant to commit to longterm financing in our current financial climate? Our owner financing program can help you get on the path to homeownership without the hassle of a conventional mortgage. We offer a flexible and straightforward solution, allowing you to bypass the strict requirements of banks and lenders.

How It Works

Our owner financing program is a simple and transparent agreement. You, the buyer, will make payments directly to us, the seller, based on the following terms:

  • 15% Down Payment: A down payment of 15% is required to secure the property. This shows your commitment and reduces the overall loan amount.
  • Fixed Interest Rate: The interest rate is established by the market on the date of closing, set at 2 points above the daily 30-year fixed rate as published by Mortgage News Daily on the date of closing. This provides a fair and transparent rate that does not adjust with market conditions.
  • Interest-Only Payments: For the three year term of the loan, your monthly payments will be interest-only. This keeps your initial payments lower and more manageable, helping you to acquire your property without financial stress.
  • 3-Year Balloon Payment: The remaining principal balance of the loan will be due in a single balloon payment at the end of the three-year term. This gives you time to secure traditional financing to pay off the remaining balance.  There are no prepayment penalties.  You are able to payoff the loan or secure preferred financing at anytime without penalty.

Contact Us

Why Choose Owner Financing?

  • Faster Closing: Avoid the lengthy and complex approval process of traditional banks. Our process is quicker and more direct.
  • Fixed Terms: One monthly interest only payment that does not change with the market.  The numbers stay constant allowing you to plan your best next financial steps.
  • Purchase Flexibility: Owner financing may be the best option for those who have found a real estate option that meets their needs but need to sell an asset before securing permanent financing, or for those who have unique financial circumstances that make it difficult to get a conventional mortgage.

Ready to take the next step toward owning your home? Contact us today to learn more about our owner financing program and find out if it’s the right fit for you.

Escape the ordinary and discover a smarter way to live, invest, and relax in the heart of Tennessee’s breathtaking Cumberland Plateau. With its stunning scenery and welcoming communities, the region offers an unparalleled quality of life and a thriving real estate market.🏞️