chimomma - Ok can you clarify something for me? If you bought my house for, say, $200,000 and did seller financing, but you can't pay interest, does that mean I will get (let's very much simplify things) $10k per year for the next 20 years for a total of $200k? Because the thing is, if I got a lump sum I could be investing that money in the meantime to make up for inflation, etc. So it would be worth way more than $200k. I think that's the whole idea of interest. Maybe I'm not understanding, but it sounds like a bit of a raw deal for the sellers. I think if someone were to approach us asking about this, we'd say no, unless we really REALLY needed to sell our house and you were our only option. I think I am pretty sensitive to various religious convictions, so that would probably be the most likely reason given to make me say yes, other people may be different.
I think you should make the rest of your offer look really good...don't try to lowball and ask for seller financing too. I'd present it in such a way so that the sellers are getting a ok deal too, and make sure they know that. Maybe have a lawyer draft the offer but then have your realtor write up a note explaining how it works and what's in it for them? I don't know.
Good luck though! I hope you find someone willing to work with you on that! I know every once in a while I have seen house listings where it says "Seller Financing Available."
I am insanely curious though, so don't answer if you don't want to but I hope you don't mind if I ask two questions: a) what religion is this? and b) how do you get good credit without having transactions involving interest? Just make absolutely sure you pay your CC on time?
Mommy to an exuberant 3 yo and a new one!