Understanding Seller Financing

Understanding Seller Financing

When it comes to buying a home, most people think of going through a bank for a mortgage. But there’s another option that can make the process easier: seller financing.

So what is seller financing?

Instead of borrowing money from a bank, you make payments directly to the seller of the home—in this case, Rapid Equity. We act as the lender.

Here’s what you need to know:

• Avoid Traditional Banks – No long approval process or strict lending requirements.
• Down Payment is Needed – Just like a traditional loan, you’ll need to put some money down to get started.
• Applies to Any Rapid Equity Home – Every home we have for sale is available with seller financing.

Real-Life Example:

Imagine you’re buying a home listed at $200,000.

• With 10% down, you would pay $20,000 upfront.
• That leaves a balance of $180,000, which is financed directly with us.
• At 12% interest over 30 years, your monthly payment would be about $1,852.

Seller Financing vs. Traditional Bank Loan

• With a bank: you’ll face credit checks, income verification, debt-to-income requirements, and weeks of waiting for approval.
• With seller financing: you work directly with us, skip the banking red tape, and move forward faster.

This option allows more families to step into homeownership—even if traditional lending isn’t the right fit right now.

Want to learn more? 

Stop by our office at 621 East Broadway Street, Campbellsville, KY 42718, or reach out to our team today. 

270-849-8889

We’ll walk you through the process and help you decide if seller financing is right for you.