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Homes with Seller Financing in Murray, Utah
Seller-financed homes in Murray show up on the MLS in small numbers, but when they do they tend to attract buyers who either can't clear conventional underwriting or simply want to skip the bank. Murray sits right in the middle of Salt Lake County, with quick I-15 and TRAX access to downtown, the airport, and the south-valley tech corridor, which keeps demand steady across price points — from 1950s brick ramblers near Murray Park to newer townhomes along Vine Street and Fashion Place. Because the city has a healthy mix of long-tenured owners (many holding properties free and clear) and investor-owned rentals, a handful of sellers each year are open to carrying the paper themselves, especially on homes with ADUs, older systems, or unique lot configurations that complicate a traditional appraisal.
Terms vary widely. Some Murray sellers want 20% down and a five-year balloon at a rate close to current conventional pricing; others are flexible on down payment in exchange for a higher note rate or shorter amortization. Self-employed buyers, recent transplants without two years of W-2 history, and investors who've maxed out their Fannie Mae slots are the typical audience here. Expect to provide financial documentation anyway — sellers carrying a note want to know you can pay — and plan to close at a title company with a recorded trust deed, same as any other Utah sale. Browse the active Murray listings below to see which sellers are currently advertising owner-carry or open to creative terms.
May 2026 · Murray market
Live from the Utah MLS — what's actually happening in Murray right now.
Median sale
$495,250
42 closed in May 2026
Median DOM
10 days
listing → contract
Sale-to-list
99.1%
of final list price
Unsold inventory
149
active + pending
9 matching · page 1 of 1
Active listings
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Common questions
About seller financing homes in Murray.
What does seller financing mean in a Murray home sale? ▾
Seller financing means the homeowner acts as the lender instead of a bank. You sign a promissory note and trust deed directly with the seller, make monthly payments to them, and take title at closing. Terms — rate, down payment, balloon date — are negotiated between you and the seller rather than dictated by Fannie Mae or FHA guidelines.
Why would a Murray seller offer financing instead of cashing out? ▾
Most often it's tax strategy (spreading capital gains over years), monthly income from a paid-off property, or the home has a quirk that makes conventional lending tricky — an ADU without permits, mixed-use zoning near State Street, or an older Murray bungalow that won't appraise cleanly. Sellers in this position can ask a higher price in exchange for flexible terms.
How common are seller-financed listings in Murray? ▾
They're rare. Murray's tight inventory and steady demand from buyers commuting to downtown Salt Lake or Intermountain Medical Center mean most sellers can get cash offers quickly. When seller-financed homes do hit the market, they tend to move fast, so it's worth setting up alerts rather than checking once a week.
What down payment and rate should I expect? ▾
In the current market, Murray sellers offering financing typically want 10-20% down and rates in the 6-8% range, often with a 5 or 7-year balloon. Some will go lower on the down payment if you bring strong reserves or a co-signer. Everything is negotiable — that's the point of going this route instead of through a bank.
Can I refinance out of a seller-financed loan later? ▾
Yes, and most buyers plan to. The usual approach is to use the seller-financed years to build equity, repair credit, or wait for rates to drop, then refinance into a conventional loan before the balloon comes due. Make sure your note has no prepayment penalty so you can refinance whenever the math works.
What protections do I have as the buyer? ▾
You still get a title search, title insurance, an inspection, and a recorded trust deed — the closing happens at a title company just like a conventional sale. The key differences are in the note terms, so have a Utah real estate attorney review the loan documents before you sign, especially balloon and default clauses.