Minimum traditional loan amount?

[Adam Anderson]

What is the minimum that you can normaly get financing for? $50,000 keeps poping in my head I have been unable to find any verification.

[Joel Soforenko]

Adam, For conventional loans, most lenders and brokers will not do a loan for less then $50,000 dollars. With conventional loans, you will need 25% down for lowest points and at least a 680 and preferabley 740 score (to qualify and for less points). Fannie and Freddy purchase/rehab is for single family only and a borrower needs a 720 score.