Is there a minimum loan amount that lenders require?

[Ebony Bolton]

Hello everyone. I have been looking at some low priced duplexes under 75k in the New York area. My question is... od lenders typically make 15yr or 30yr loans on homes priced this low or do they require a higher minimum loan amount? 

I ask because we attempted to to get pre-approved for a property priced low and we had 30% to put down but Chase Bank said the property amount did not meet their criteria. However, they did not say what the minimum criteria is. 

Please assist. 

Thank you

[Arpan Patel]

Lenders come in all shapes and sizes. General industry norms, no they will probably want more or charge higher fees but honestly, there is a lender out there for you!! It took me 200 calls to get 3 lenders I could work with for my given model so they don't fit the mold but are willing to take a look at what we got and lend on it. Same can be said about your scenario. Good Luck and don't stop till you find someone!!!