Investment mortgages for less than $50,000

Investment mortgages for less than $50,000

Investor · Phoenix, AZ · Member since 2011 · 104 posts · 13 votes

Guys, can anyone recommend a lender willing to write mortgages on investment properties less than $50,000?

Thanks,

Erick

Valparaiso, Indiana

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Property Manager · Griffith, IN · Member since 2015 · 1k+ posts · 913 votes
10y

Try ENG out there in Valpo

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  • Jarod B.Pro Member
    Fort Wayne, IN · Member since 2015 · 21 posts · 3 votes
    10y
    Look into getting with a lender that does portfolio lending. Usually a smaller local bank will be able to accommodate you
  • Investor · Phoenix, AZ · Member since 2011 · 104 posts · 13 votes
    10y

    All the smaller banks in this area require minimum $50,000 mortgage...

  • Residential Real Estate Broker · Fort Wayne, IN · Member since 2014 · 171 posts · 116 votes
    10y

    I've had some good experiences with the IAB financial  and three rivers federal credit union.

  • Property Manager · Griffith, IN · Member since 2015 · 1k+ posts · 913 votes
    10y

    Try ENG out there in Valpo

  • Investor · Phoenix, AZ · Member since 2011 · 104 posts · 13 votes
    10y

    I recently did it with ENG and did not have a positive experience.  I will use them as a last resort.

  • Investor · Phoenix, AZ · Member since 2011 · 104 posts · 13 votes
    10y

    Guys, thank you so much!!!  I'm totally digging BiggerPockets!!!!

  • Ciro LoCascioPro Member
    Investor · Queens, NY · Member since 2013 · 135 posts · 39 votes
    10y

    @Erick Caffarello Reach out to @Jerry Padilla , he can do mortgages as low as $10k. Great guy and company. I have used his services for a good amount of properties.

  • Investor · Phoenix, AZ · Member since 2011 · 104 posts · 13 votes
    10y

    Awesome!  Thanks Ciro!  Left him a voicemail...

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