Some states require a specific disclosure to be given when a loan has a balloon payment. We provide the following documents for these requirements.A balloon mortgage allows you to enjoy low monthly payments for several years — with a big catch. Once completed, note the SST number and come into our office to finish the process. The sale is an installment sale and the buyer agrees in writing to withhold on each principal payment including the down payment and on any balloon payment. 10 Year. 275.00. 225.00. 125.00.