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Updated over 4 years ago,
First Time Property Buyer - Advice Needed
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!