​Frequently Asked Questions
The Big 3: What You Need to Know
How does our program work?
We offer flexible Owner Financing to help you become a homeowner — even if you have credit challenges. Our program is designed to help you achieve your dream of owning a home. If you can provide a reasonable down payment, we will set up a Land Contract with you — similar to a 30-year mortgage. You also have the option to refinance through a traditional bank whenever you're ready. ​ Don’t have enough down payment yet? No worries! We can start you with a 12-month Lease and Land Option Agreement, giving you time to prepare for full ownership. ​ Our goal is simple: Make homeownership possible for good families like yours!
What is considered a reasonable down payment?
We don’t set a strict minimum, but most buyers who are approved for our program typically provide a down payment between 10% and 20% of the sales price. Let us know the amount you’re comfortable with, and we’ll explore the best options available to help you move into one of our homes. 📱 Call: 412-991-2324 📱 Text: 412-827-0015 📧 Email: sales@primeholdingsusa.com
How will I know if I’ll be approved?
Our main approval factor is your monthly income. As long as you have a steady income and your sole or combined household income is at least three times the monthly rent, your application is very likely to be approved.
Owner Financing
What is Owner Financing?
Will I get the title of the property right away with Owner Financing?
In most cases, the buyer receives the title after fulfilling the terms of the financing agreement — usually when the full amount has been paid.
Owner financing often offers faster closings, more flexible credit requirements, and negotiable terms. It's ideal for buyers who may not qualify for traditional loans.
What happens if a buyer misses a payment?
​What are the benefits of Owner Financing for buyers?
If payments are missed, the seller may have the right to foreclose on the property, similar to how a bank would with a mortgage loan. Specific rights and processes depend on the terms outlined in the contract.
Owner financing is when the property seller acts as the lender, allowing the buyer to purchase the home without going through a traditional bank or mortgage company. The buyer makes payments directly to the seller based on agreed terms.
What is a Lease and Land Option Agreement?
Lease and Land Option Agreement
A Lease and Land Option Agreement combines a lease (renting the property) with an option to purchase it later. The tenant leases the property for a set time and retains the exclusive right — but not the obligation — to buy it at a predetermined price.
Unlike regular renting, a Lease and Land Option gives you the right to purchase the property later. Part of the rent might even be credited toward the purchase price, depending on the agreement.
​Is there an upfront cost for a Lease and Land Option?
Yes, tenants typically pay an "option fee" up front, which secures their right to purchase the property in the future. This fee is often non-refundable but may be applied to the purchase price if the tenant decides to buy.
Am I required to buy the property under a Lease and Land Option Agreement?
No, the option to buy is entirely at your discretion. If you choose not to purchase, you can simply walk away after the lease term, though you may forfeit the option fee.
How does a Lease and Land Option differ from traditional renting?
No, the option to buy is entirely at your discretion. If you choose not to purchase, you can simply walk away after the lease term, though you may forfeit the option fee.
What happens if I choose not to exercise the purchase option?
Other questions
How long has Prime Properties USA been in business?
We do not provide a home inspection report. However, we highly encourage you to inspect the property as thoroughly as you'd like, at your own expense. As with any home purchase, you might also consider purchasing a Home Warranty Plan instead of spending around $400 on an inspection. A warranty plan can protect important items like appliances, HVAC systems, plumbing, and more — offering peace of mind for the future.
What kind of mortgage is offered?
We offer a 30-year fixed-rate mortgage, typically amortized at an interest rate between 9% and 11%. You also have the flexibility to pay off the loan early with no prepayment penalties, making it easier if you decide to refinance in the future.
Do you provide a home inspection report?
Prime Properties USA has been successfully completing real estate transactions like this for several years. If you’d like to verify our track record, feel free to call PV Settlement, the title company we work with, and ask about our past transactions. 📱 Call PV Settlement: 412-593-4800