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Question
where can you find home mortgage loans for under $50K? Most mortgage companys won't talk to you if the loan amount is less than $120k.
By steve t Posted on 10/08/07 Total Answers 5
Answers-
Just keep trying, some one will give you a loan. Have you tried going to your bank? there is a differece between a bank and a mortgage company. You may find the rates and options at a bank better abd easier than a mortage company.
Answer by : braindamageblue On Date 2007-10-08 15:18:56

Don't go to internet lenders, most won't talk to you for less than $100k. Go to local lenders in your area.
Answer by : godged On Date 2007-10-08 15:35:42

Lots of lenders have lower minimum loan amounts. Typically you'll have better luck with local banks and credit unions on amounts under 50k
Answer by : matzael On Date 2007-10-08 15:39:09

actually it's around 80k....but the rates/costs may be higher as your loan will make them that much money
Answer by : Carolinahomerates.com On Date 2007-10-08 17:11:30

Hard money lenders. Go into your local newspaper and look under the money loaned section. You will pay a high interest rate, but a hard money lender will do the loan. Good luck. Terry S. http://www.Welcome2Arizona.com
Answer by : Terry S On Date 2007-10-08 20:00:50

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