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Updated about 5 years ago,
Do credit unions have a lower loan minimum then traditional banks
In the past, I was told by my local bank that they would not finance anything under 50K on a residential mortgage. Is this the case at credit unions? I called a few today and was told their lending minimum was 30k but would not lend to a business. I know many podcasters say they only do business with CUs and doubt they would be buying properties in their name. Do I need to keep calling other CUs or am I asking the wrong questions? Any help would be great!