Getting a Mortgage Under $50,000

[Gary Kuang]

Hello Everyone,

I'm currently looking to buy rental property up in Buffalo.  Currently, the houses I've been looking at are $50,000 or less.  I have enough money for the down payment, but I have heard that a lot of the bigger banks don't offer mortgage loans for anything below $50,000.  I am planning to start my search soon, but was wondering what are my other options if I am unable to get a loan from these financial institutions.

Thank you in advance for all of your help!