Owner Financing Option

The Owners of Indian Knob development are offering prospective buyers the option of owner financing for their purchase. The terms of the financing package are given below:

Document:Contract Sale Agreement
Down Payment:25% of purchase price
Amount Financed:75% of purchase price
Term:Amortization periods of 5, 10, 15 or 20 years will be offered. If a 10, 15, or 20-year amortization period is chosen, a balloon payment (i.e. the remaining principal amount) will be due at the end of 5 years.
Interest Rate: The rate will equal the legal rate in Arkansas on the date of sale, which is the Federal Discount Rate plus 5.0%. This rate will be fixed for the term of the Contract Sale Agreement.

Traditional Financing Option: Local Banks
Bank of Mountain View

Citizens Bank

First National Bank of Izard County

First Security Bank 

First Service Bank

Simmons First National