Is a seller-financed home loan a good option for me?

While it is a good option, finding the right home and scenario is difficult. A Realtors help would be best in this situation. Caveat: make sure you write into any contract a clause to give you first right of refusal, should the seller default on the loan. They would need to record the "contract for deed" with the county immediately - give them a time frame, 24 hours, 3 business days etc. You need to check on that to make sure it happens. That is your proof that you bought something. I hope that is helpful.