Guide
FSBO Financing vs. Owner Financing: What's the Difference?
“FSBO financing” usually means one of two very different things. Buyer mortgage financing is a buyer getting a normal home loan -- conventional, FHA, VA, and so on -- from a licensed lender to purchase a home that's for sale by owner. Owner (or seller) financing is when the seller acts as the lender instead of a bank.
GetMyFSBO connects buyers of FSBO homes with licensed mortgage professionals for traditional mortgage financing -- the same kinds of loans used in any home purchase, just applied to a home being sold without a listing agent. Sellers stay focused on selling; buyers get real answers about preapproval, loan options, and next steps.
In owner financing, the seller extends credit directly to the buyer instead of the buyer getting a mortgage from a bank or lender. Payments go to the seller over time, under terms the two parties negotiate themselves. This is a different arrangement with its own legal and tax considerations, and it isn't the service GetMyFSBO provides.
If a FSBO listing mentions “buyer must qualify for financing” or “cash or approved loan only,” that's a traditional-mortgage sale -- GetMyFSBO's service applies directly. If a listing specifically advertises “owner financing available” or “seller financing,” that's the seller-carried arrangement, and buyer mortgage assistance isn't the relevant next step.
Buying or selling a FSBO home and need help with a normal mortgage? That's exactly what GetMyFSBO does. Considering or offering a seller-financed deal instead? That's a separate path with different considerations -- worth discussing with a real estate attorney.