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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