Home loans under 50k-being creative…thoughts?

[James Tasso]

I know finding  lenders to process small mortgages is almost impossible, but I was wondering if anyone has tried offering to pay additional points to the lender to make it worth their time.. if a lender could get 2k on a 200k loan, hypothetically, would there be a way to offer them the same amount on the smaller loan? I am not a loan expert at all and I am not sure if that is allowed on their end… anyone went this route on conventional? Anyone want to share creative solutions that they have used to get past the lender minimums? 

[Ashley Cross]

I'm a conventional lender that lends down to $30k. I work with a team so we have the ability to turn a lot of loans in a month. With smaller loans we are capped at the amount of fees we can charge for conventional financing. My thought is we're building a long term relationship and I'd hope to get you to a place we're you'll be purchasing bigger properties with higher loan amounts.