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Updated over 11 years ago, 04/10/2013

Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Richmond, VA
  • Member since Apr 9, 2013
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Richmond, VA
  • Member since Apr 9, 2013
Connect
Account Closed
  • Richmond, VA
3
Votes |
31
Posts
Foreclosures

Mortgage on a $5,000 home?

Account Closed
  • Richmond, VA
Posted

I'm really trying to buy a house now to live in and flip within time. I understand I will still need to give a down payment when approved for a mortgage but I found plenty of foreclosed homes for under $5,000, do I still need to take out a mortgage on a $1,000-$5,00 home?

Also, is it possible to get a loan for a home under $5,000?

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