In the United States of America various types of housing deals are finalized. Owner financed homes are one of them. This is a unique mechanism and the owner financed homes have hit the market with a bang. When you want to buy property you need to have quite a bit of capital in hand. But your financial condition may not help you to buy it directly. There are a lot of advertisements which on the Internet for owner financed homes. You can keep a watch on them as you are scouting for the best deals in the market.Owner financed homes act as a very good plans because you do not need to enter the hassle of a mortgage deal. The property is financed by the investor-owner who would obviously look for good interest rates. There is no role of a bank in this kind if a financial transaction.When you are looking for owner financed homes, you should obviously keep a number of things in mind. You should be very careful about where exactly you want to buy the property. The real estate prices vary from one place to the other and a good knowledge about the prices will help you to get a prospective deal. The owner or the investor of the house will surely want the buyer to make monthly payments and make the profit out of the interest rates. But you should negotiate a price which involves smaller down payments. A private investor or a landlord may not be interested in too much of a down payment as a lower risk factor may be involved.Owner financed homes will also require a higher range of interest rates to be paid. It will be certainly more than what the banks offer due to which your landlord may be interested. As these kinds of private transactions are much faster, there is no hassle of approaching the banks. A bank transaction would mean that there are crosschecks of documents. But in these types of cases trust is considered more important.The deals of owner financed homes are quite flexible indeed and the hard and fast regulations which you need to follow in case of banks are not necessary.