Loan amount

[Chris England]

I'm from the Metro Detroit area and I'm considering purchasing my first rental. Talking with the bank today my broker told me that in order for him to do a loan the amount had to be at least 60k. After my 20-25% down. I've dealt with this broker on several other deals and have always been satisfied. I'm just curious if banks will no longer loan less then 60k on a investment property or is this just the mortgage company I'm dealing with? Any feed back would help I'm new to Realestate investing. 

[Ned Carey]

New lending regulations haven't helped. It costs more to process every loan so smaller ones are proportionately less profitable. It is just a matter of looking around. different lenders different rules.