Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 2 years ago,
How get loan for lower priced properties?
I have two homes in Missouri that I made offers on for $63k and $77k (paying 25% down on each). Then our loan officer said the underwriters rejected them. She explained they are lower priced homes so they have a hard time selling them in secondary markets. Now I'm scrambling to try to save these deals.
Any suggestions?