Financing Terms
- Purchase Price: $230,000
- Down Payment: $20,000
- Loan Amount: $210,000
- Interest Rate: 9% (fixed)
- Term: 5-year balloon payment
Estimated Monthly Payment:
≈ $1,688 (based on a 30‑year amortization; balloon due in year 5)
Property Highlights
- Built in 1922, offering 3 bedrooms, 2 full bathrooms, and approx. 2,398 sq ft of living space
- Located on a 0.30-acre corner lot with a detached 2-car garage
- Charming original woodwork, updated furnace, and bright dining area
- Main-floor bedroom, laundry, and bath, with potential for up to 4 bedrooms upstairs
(Source: Zillow PHOTOS) https://www.zillow.com/homedetails/304-N-June-St-Dearborn-MO-64439/2482856_zpid/?view=public
How the Wrap Loan Works
- Buyer pays $20,000 down payment
- Monthly payments at 9% interest based on a 30-year amortization
- At the end of 5 years, balloon payment is due—buyer may refinance or pay off
Why Owner Financing?
- No bank qualification required
- Ideal for buyers with solid income but imperfect credit (No Credit check)
- Build equity quickly in lieu of rising rents
- Fast closing once terms are agreed—no lender delays
Contact & Next Steps
Want details or to schedule a showing?
- Phone: 816-724-6679
- Email: info.lbfaithfulteam@gmail.com
Act now! This wraparound opportunity makes ownership possible today.