Financing Issues under 100k

[Steven Hershey]

Good Morning BP!

My wife and I have been trying to zero in on our first rental property! We are located in Lancaster,PA and have been looking in the surrounding city's for our first property. York,pa Reading,pa Lancaster,pa and all surrounding areas. After our first offer was denied our agent asked if we could get pre-approved, since we have checked numerous properties out already and she knew we were serious it made sense. So I have done that and now having issues finding a lender/bank that will offer loans under 100k. We have a down payment for a home up to 100k so we would be looking to finance anywhere between 60 and 85k. Can anyone help? I currently have loan applications in two different local credit unions so we will see what they say. I did not realize this could be an issue? Its so hard to get ahold of the specialist through these banks because how busy they are, I found if you put an application in then they get back within a day. I have only had 1 actual hard credit pull at the application process. I guess the banks are so busy they would rather make the big money off of the larger deals since they are everywhere right now.

I am also looking for a wholesaler and Property Management in Lancaster,Pa and surrounding areas to help us find our first property. We are looking to buy and hold or BRRRR, which ever deal comes to our attention first.

Thanks for any insight.