Vendor take-back mortgage
Vendor take-back mortgage
Vendor take-back mortgage is a first or second purchase mortgage that is financed by the home seller. If the buyer doesn't qualify for a traditional mortgage, the seller can finance part or all of the purchase to facilitate the sale. Generally, a vendor take-back mortgage is priced below market value so that it's affordable for the buyer.
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National Rates
| Loan Type | Today |
|---|---|
| 30 yr fixed | 4.83 |
| 15 yr fixed | 4.39 |
| 5/1 ARM | 3.69 |
Rates may contain points
