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Updated over 4 years ago,

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2
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Jamie Ramsey
Pro Member
  • Clarksburg, MD
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First Time Property Buyer - Advice Needed

Jamie Ramsey
Pro Member
  • Clarksburg, MD
Posted

I am trying buy my first property (duplex). I have talked to 4 banks and Quicken (Rocket Mortgage).  I have great credit, I have the 20% however I have been told the loan is too small so keep getting turn me down for financing.  Per the banks after 20% the loan has to still be more than 75,000.

Can someone please provide some guidance on how they handled this issue?

I don't want to buy a more expensive property just to get a loan.

Thank you!

  • Jamie Ramsey
  • Loading replies...