Lenders for sub $100k properties in MD

[Dylan H.]

Title says it all. Who should I check with in MD, specifically in and around Allegany county? I know Wells Fargo lends down to $20k but their rates are also much higher than most banks. I am a member at PenFed and have an auto loan refi with them

[Ned Carey]

@Dylan H. one option is to package more than 1 property in one loan to make the minimum loan amount. We did this with Lima One for Baltimore properties. 

Obviously if it is your first property then that is not an option. However what is important is NOT the interest rate. What is important is, do the numbers work? If a high interest rate lets you do a profitable deal that you can not do otherwise, than that is still a good deal for you.