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Owner (Seller) Financing Addendum

An owner financing addendum is a document that can provide supplementary terms for a sale that involves a seller acting as a lender. Although most buyers obtain financing from local mortgage companies, sometimes sellers offer to furnish the needed money to reduce the amount of time it will take to close, get a return on their investment (from the interest rate), and receive certain tax benefits

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Last updated February 12th, 2026

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An owner financing addendum is a document that can provide supplementary terms for a sale that involves a seller acting as a lender. Although most buyers obtain financing from local mortgage companies, sometimes sellers offer to furnish the needed money to reduce the amount of time it will take to close, get a return on their investment (from the interest rate), and receive certain tax benefits

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Main Benefit

The main benefit is to any buyer who seeks less stringent qualification requirements, flexible down payments, and fewer closing costs. Every facet of the loan must be recorded within the form, such as the names and addresses of the parties involved, the effective date of the contract, type of loan (amortized, interest-only, balloon, adjustable-rate), etc.

After the completion of the document, it must be signed in the appropriate areas and accompanied by a promissory note that will be submitted into the public record. (Buyers who prefer to acquire their financing from a bank should alternatively implement the Third (3rd) Party Financing Addendum.)

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