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Updated almost 9 years ago,

User Stats

14
Posts
5
Votes
Rhonda Cruz
  • Berthoud, CO
5
Votes |
14
Posts

Minimum finance amount for SFR?

Rhonda Cruz
  • Berthoud, CO
Posted

Hi, I 'm looking at a SFR for a first rental property. I was running numbers and trying to get an idea about APR on a 15 year loan with 30% down. The purchase price is $48,500. The calculator kept returning "no product available". Is there a minimum that a lender will not go under when doing financing? For under $50k does it need to be a cash only deal? Thanks for any input!

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