Banks that will work with seller carryback?

Financing, Hard Money Lenders, Private Money
1

I am thinking of offering seller carryback on a couple of my properties to help them move. I am willing to hold 10% to 20% on a carryback, but does anyone know what lenders or brokers will work with this? I know alot of them do not.

I am located in the Phoenix, AZ metro area

Thank you

2

Try local banks. Saxon will also allow seller carry-backs but the rates are in the double digits. Citibank will also allow a seller cary-back to 95% on their expanded (sub-prime) programs. Hope this helps.

3

bank of AZ has done it for me a few times, they are in the biltmore corridor.
Chris