CastleRock is one of the nation’s leading wholesalers of foreclosed homes. Our long standing relationships with lending institutions and our ability to fund large bulk purchases of homes allows us to purchase properties at huge discounts. Because of this, we are able to pass those savings directly on to our buyers!
If you are unable to come up with the entire cash price at once, we offer owner financing through Short Term or Long Term Owner Financing options. Short Term Owner Financing (STF) - is an interest-free program with a term between 6-36 months. With STF, the buyer is responsible for making monthly payment to Castlerock as well as paying for insurance and property taxes directly to the County or Town. Due to the shorter term, The STF program usually has higher monthly payments than LTF. Long Term Owner Financing (LTF) is offered with a 20 year term at a fixed rate of interest. Your monthly payment will include taxes and insurance, so the buyer is only responsible for making one monthly payment. The financed price is typically based on a note amount higher than the cash price you see on our website. There are no prepayment penalties for our STF or LTF programs, so you can refinance or prepay the balance of your note at any time. Your monthly payments are typically less than average rent in the neighborhood, making this an incredible opportunity for renters to become homeowners.
In order to get owner financing for one of our homes, you need to fill out an application and get approved. Unlike some other companies, We do not charge application fees. We only charge you a fee for a credit check, which is the same amount we get charged.
Stable income for at least a year. Able to fix, maintain, and make necessary repairs to the home. Combined monthly net income is reviewed on a case by case basis. Credit score should be above 550. Scores below 550 will be reviewed on a case by case basis.
“Great experience all around! Highly Recommend! I purchased a property and the staff that I worked with showed excellent communication and made it a smooth process. All of my questions were answered in a timely fashion. Closed in a matter of a few weeks!” Liverpool, NY
“I am a Realtor For Keller Williams and was working with Brendan Hickey throughout this transaction, he was Great. Anything I needed he was quickly on it. I highly recommend him and his company CastleRock. I can not wait to work with them again.” McMurray, PA
“Buying a house while on deployment is not an easy process, but CastleRock had tremendous patience with me & I am very thankful satisfied with my purchase!” Mission, KS
“I appreciate Castlerock. I was able to buy the home of my dreams from them. I tried to buy this home for 2 years, but I couldn't make a deal in foreclosure. I ended making a better deal with Castlerock and I got clear title. Thank you guys!” VA
“I want to thank everyone again it was wonderful working with everybody and were very pleasant. And thank you for being patient with us. We look forward to dealing with you in the near future but an overall experience it was great. We thank you very very much. In my book you guys are in a plus business in my book. Thank you again and bless you all.” Wellsville, OH