We Have Owner Financed Homes in North Alabama Available For You! Regardless Of Bad or NO Credit.
If you’re tired of renting, and you want to own a home in North Alabama but your credit, lack of down payment, or income is holding you back from qualifying for a normal bank loan. We can help you!.
We specialize in helping North Alabama residents become homeowners through our North Alabama Rent To Own Program. This means there are no banks involved.
If you can’t secure conventional financing, no worries! Yellowhammer Home Buyers offers great homes in and around North Alabama.
We are an alternative to buying a home the traditional way. You do not need to have perfect credit and we offer payments to fit your budget.
Want to know when the best properties hit the market?
Sign up now to see North Alabama homes With Owner Financing!
What Are The Types Of Homes In North Alabama We Offer With Owner Financing?
We are a local real estate company that offers our properties to deserving families with a reasonable down payment and the ability to pay a monthly payment.
The types of houses we tend to offer on our North Alabama Owner Financing Home Program include…
- 2 bedroom – 4 bedroom homes
- 800 – 2,500 square feet
- Updated kitchens and bathrooms
- Often times many upgrades
Each home is different, so there’s definitely the perfect home out there for you.
Our homes range in price from $75,900 to $249,900 and typically require a down payment of $5,000 to $25,000. We have found that this is the best price range to find homes that are in decent neighborhoods where people want to own a home and raise a family.
Advantages Of Owner Financing
- Closing Process Is Faster
- Closing Cost Is Lower
- Downpayment Can Be Flexible
Still have questions? Check out our Frequently Asked Questions Page →
How Does Our Program Work Anyway?
It’s easier than you think – and we can help. The process is really pretty straightforward.
We create a long-term rent to own program that gives you rental credits each month similar to the principal pay down of a mortgage. Your monthly payment stays the same during the entire agreement similar to a mortgage payment. Your down payment goes 100% towards the purchase of the home. Everything is handled by a state licensed attorney or authorized signing service, just like any other real estate transaction. So you can rest assured that everything is handled professionally.
You will also be responsible for the taxes and insurance just like any other homeowner. They are paid monthly based on the annual costs.
You can go get our own mortgage at any time, pay off the loan with cash, or sell the house without any pre-payment penalties. We just subtract out all accrued rental credits at that time and you will owe the remaining balance. Or just make payments during the entire term of the agreement and you will own the home FREE and CLEAR!
One of the best things about buying a home this way is that you do not have to deal with banks and qualify based on your credit. You can start building equity right away and stop paying rent with nothing to show for it.
Step 1: Submit your info on this website to create a FREE account and let us know the type of house you’re looking for.
Step 2: We’ll look at your situation, the type of property you’re looking for, and show you your options here in North Alabama.
Step 3: View the local North Alabama homes that fit what you’re looking for.
We seek to only buy properties that are move-in ready or close to move in ready. For this reason, we do not typically make any improvements to the property prior to offering it to deserving families. All properties are sold “as is where is”. So it is the responsibility of the purchaser to make any necessary repairs and to inspect the property thoroughly prior to purchase. We recommend getting a home inspection prior to purchase.
Plus, as we acquire new properties each month, as long as you’re on our Owner Financing Home List, you’ll get email alerts with the latest properties available.