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Updated about 4 years ago on . Most recent reply

Leigh Jones's profile image
Leigh Jones's profile image
Leigh Jones
  • Member since Jun 17, 2019
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31
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14
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Leigh Jones's profile image
Leigh Jones's profile image
Leigh Jones
  • Member since Jun 17, 2019
Connect
Leigh Jones
14
Votes |
31
Posts
Starting Out

The Smallest Loan a Bank will Give

Leigh Jones
Posted

Im considering buying in an area with very low property values, say, $50k.  I would initially buy in cash, then finance it. 

I know some banks will not give a mortgage for something this small. 

If this is the case, will they still lend a Heloc against it? Or a home equity loan? 

Whats the smallest conventional loan, HEL, or HELOC you've ever gotten?

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