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Updated over 10 years ago on . Most recent reply

User Stats

74
Posts
46
Votes
William A.
  • Investor
  • Louisville, KY
46
Votes |
74
Posts

Can I get a mortgage for just 25,000 or less?

William A.
  • Investor
  • Louisville, KY
Posted

I found a property I am interested in purchasing.  I would rather not pay cash.   Can I get a mortgage for less than 25K, or does it have to be a minimum amount to be worth a lender's time and money?

Most Popular Reply

User Stats

25
Posts
8
Votes
Jack B
  • Amherst, OH
8
Votes |
25
Posts
Jack B
  • Amherst, OH
Replied

@William A.  Usually has to be above 25k. The closing costs are too high compared to the 25k loan principle.

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