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Updated over 1 year ago on . Most recent reply

Stephanie Yang's profile image
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Stephanie Yang
  • Member since May 12, 2023
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Stephanie Yang's profile image
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Stephanie Yang
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Stephanie Yang
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Posts
Private Lending & Conventional Mortgage Advice

How to get loans below 70k

Stephanie Yang
Posted

Hi all - I'm purchasing single family rentals in Alabama and Louisiana for $50-70k and having trouble finding conventional and private lenders willing to lend below 75k threshold. What options do I have? Anyone know of lenders with a lower minimum threshold? 

Birmingham, Alabama
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Patrick Drury
  • Real Estate Agent
  • from Columbus, OH & Cleveland OH
  • Member since Feb 11, 2021
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Patrick Drury's profile image
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Patrick Drury
  • Real Estate Agent
  • from Columbus, OH & Cleveland OH
  • Member since Feb 11, 2021
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Patrick Drury
  • Real Estate Agent
  • Columbus, OH & Cleveland OH
1,959
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Patrick Drury
  • Real Estate Agent
  • Columbus, OH & Cleveland OH
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@Stephanie Yang
Most lenders won't do it because they essentially don't make anything. I know some that will lend in that price range in Ohio. You can connect with them and see if they lend in Alabama. 

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