Owner Finance Home 811 N Pacific , Mineola, TX in Mineola, Wood County, Texas

811 N Pacific, Mineola, TX 775773 Wood County
OWNER FINANCE HOME
SALES PRICE $82,000
Down Payment $2000
Taxes a month $178.30 Yr $2139.68 W/ No Exemptions. new owner would want to get Homestead Exemption to lower taxes.
Monthly House Payment $601.02
8.25 % 30 year note You can refinance at anytime with no penalty.
Insurance will depend on who you go with. Has to cove sales price of the home.
Yr Built 1950 Sq. ft. 1834 Lot Size: 50x140
3/1.5, big rooms, large fenced backyard with 2 storage buildings/workshops, large living area with dining room, large kitchen, Central AC, centrally located in town, nice house just needs some paint and TLC. Located in good area.
Home is sold as is!! More than welcome to have inspected before if you wish.
Must submit proof of income with application.
Contact me for showing. Must view property before application process.
TOTAL MOVE IN REQUIREMENTS: SUBMIT APPLICATION WITH INCOME, OBTAIN PROOF OF INSURANCE WITH LLC LISTED AS LEIN HOLDER ON POLICY, $2000 DOWN PAYMENT, $450 CLOSING COST.

Bree Taylor
940867-9105
[email protected]
In Regards to:811 N Pacific Mineola, TX 75773


Occupancy will not be given until the full down payment amount of $2000 has been received and home owners insurance has been issued (we will need a binder showing proof). Home owner’s policy will show KGT,LLC as the lien holder.

Home is sold in “as is” condition.

Neither the current property owner, KGT, LLC/Mark White, nor any assistants have any knowledge of any conditions at the property as none of them have personally ever occupied the property.

Sales price of the property is $82,000. After $2000 down payment is made the amount of $80,000 will be financed (investor’s rate is 8.25%, 30 year term)

Taxes and insurance will be the new owner’s responsibility and are not included in the estimated payment amount of $178.30 (taxes) a month.

Taxes for 2020 (without a homestead exemption) were $2139.68 which averages out to around $178.30 a month (this is in addition to the estimated monthly payment of $601.02). Taxes will be escrowed. This amount can change each year as the new tax values come out. The principal and interest amount will not change.

Insurance amount varies depending on what company you decide to go with and will be your responsibility to research and pay for. Has to cover sales price of home.

The down payment will need to be in the form of a cashier’s check made payable to KGT, LLC.

All future payments will also be made payable to KGT, LLC but can be in the form of check, money order, or cashier’s check.

$450 closing cost amount is also due.