Financing

MORTGAGE

OTTO is working with Local Banks to provide mortgages to purchasers of an OTTO home. Buyers with credit scores of 620 or above can qualify for a 30 year fixed rate mortgage at market rates (currently 4%). Total amount to purchase a home including down payment and closing costs is about $5,400.

FINANCING

OTTO may offer seller financing to buyers with credit scores of less than 620 if a sufficient downpayment is made.