Loan Servicing by SRC Management, Inc.
Making Land Ownership a Reality
Scot and Kevin Campbell have more than 60 years of experience in the owner finance industry. They started a note servicing business for investment companies in 1999 but soon found their true calling while working to help all Texans access land ownership through owner-financed mortgage services.
Relying on the wealth of experience they’ve gained over the years, the SRC team creates owner-financing programs tailored to meet the specific needs of our valued clients while ensuring that all regulations are met. You can rely on owner financing from SRC Land to help you buy the perfect piece of rural land in Texas.
What Is Owner Financing?
Owner financing, also known as seller financing, is a method for purchasing land that allows buyers to avoid the red tape and hassle of going through a traditional lender. Rather than attempting to get approved for a loan through a bank, owner financing involves buyers borrowing directly from the seller of the property. This way, you can buy land in the Lone Star State without ever having to undergo a credit check. Instead, owner financed loans are based on proof of income. SRC Land will work with you to create a Texas land sale agreement that meets your needs and fits your wallet. With owner financing from SRC Land, you can make your dream of buying land a reality.
What Are the Benefits of Owner Financing?
Owner financed land in Texas can be a great investment opportunity, both for real estate investors and those in search of the perfect place to build their future home. If you’re looking for the smart way to buy Texas properties, owner financing is the key. By carrying out a property purchase using owner financing, you can expect to see the following benefits. Keep in mind that you will need to verify your income.
No Credit Check
Flexible Terms
Lower Closing Costs
Buy Directly From the Landowner
Quicker Closing Times
No Broker or Realtor Fees
Low Prices
Service You Can Trust: SRC Land’s Compliance Standards
Over the course of decades of hands-on experience, SRC Land has honed our ability to adapt to new regulations in order to best protect our investors and clients. You can rest assured that we will protect your investments as carefully as we protect our own.
In order to guarantee that our company is always in line with new regulations, our compliance department scrutinizes all note servicing procedures and loan originations. This means maintaining an in-depth understanding of all current laws and rules regarding lending services. You can rely on SRC Land for flexible, secure owner-financing options to buy your dream property.
The SAFE Act
In 2010, the SAFE Act was established by the U.S. government to create a nationwide licensing and registration system for residential mortgage providers, including seller-financed mortgages. This system ensures that homebuyers throughout the U.S. have access to qualified lenders.
Dobb-Frank and the CFPB
Along with the SAFE Act, the creation of the Consumer Financial Protection Bureau (CFPB) and the ratification of the Dobb-Frank Act have established new regulations that cover loan origination, note servicing, and collection, effectively changing the entire seller-financed business model.
SRC Originators, LLC. NMLS #1441080
SRC Management, Inc. DBA SRC Land NMLS#299848 is the registered and bonded loan servicing company that services mortgages for affiliated and independent investor, companies and institutions.
SRC Originators, LLC NMLS#1441080 is the third party Origination company that originates the loans for the investors.Contact SRC to Learn How Seller-Financing Can Help Make Land Ownership a Reality
Servicing Disclosure Statement
Complaints regarding the servicing of your mortgage should be sent to the Department of Savings and Mortgage Lending, 2601 North Lamar, Suite 201, Austin Texas 78705. A toll-free hotline is available at (877) 276-5550.
