Seller Financing

Another occasional request is to have the seller "carry back" a second mortgage to help facilitate your purchase of their home. In cases when the seller does not need all the proceeds from their sale in order to purchase their next home, this is an option. The advantage to the buyer is that by combining your down payment and the second mortgage from the seller, you may be able to avoid paying mortgage insurance and save yourself some money.

If such a carry-back is part of your offer, you should include the terms you wish to pay on such a second mortgage. Keep in mind that your first trust deed lender needs to know this information so they can underwrite your loan, and they have certain minimum requirements. The minimum term of the second mortgage can be five years. The minimum payment can be "interest only." Longer mortgage terms and payments that also include principle are also acceptable.

What's Great About the U.S. Virgin Islands?


Contact Us

Secluded beaches. National Parks, Duty-Free shopping, Campgrounds, Kayaking, Hiking, Ecological tours, World-class diving, Superb sailing, Sport Fishing, Sunbathing, Local craftsmen, Island art, Fine Dining, and of course the Nightlife. Call today (340) 690-0243.

What's Great About the U.S. Virgin Islands?

Secluded beaches. National Parks, Duty-Free shopping, Campgrounds, Kayaking, Hiking, Ecological tours, World-class diving, Superb sailing, Sport Fishing, Sunbathing, Local craftsmen, Island art, Fine Dining, and of course the Nightlife.
FEATURED LISTINGS
FEATURED LISTINGS

Search all MY LISTINGS for sale in St. Thomas
homes, condominiums and land

HOMES FOR SALE
HOMES FOR SALE

Vacation home or year round residence.  You can start your search for any home for sale in St. Thomas right here

CONDOMINIUMS
CONDOMINIUMS

Looking for your perfect place in the sun?  Beachfront? Golf anyone? Search all condominiums for sale in St. Thomas here

VIRTUAL TOURS
VIRTUAL TOURS

INTERESTED IN SEEING HOMES WITH VIRTUAL TOURS?
This Search displays only homes and condominiums for sale in St. Thomas or St. Croix that have Virtual Tours so you can see more details of each property.

2002-2018 Blue Water Realty All rights reserved.
Stay Connected: Facebook Google Plus Linked In Pinterest Youtube