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Updated over 6 years ago on . Most recent reply

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Oleg I.
  • Atlanta, GA
3
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16
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How to finance a loan < 50k. Can’t find any lenders!

Oleg I.
  • Atlanta, GA
Posted
Hello BiggerPockets community. I am in the process of trying to finance my fourth rental property and having a difficulty finding a lander for the rental property mortgage who would finance less than 75k. I need a loan in the amount of 45 to 50k after I put 20% down. My question: does anyone know any lenders who would accommodate my needs? Any help is appreciated.

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Chris Mason
  • Lender
  • California
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Chris Mason
  • Lender
  • California
ModeratorReplied
Originally posted by @Oleg I.:
Hello BiggerPockets community.

I am in the process of trying to finance my fourth rental property and having a difficulty finding a lander for the rental property mortgage who would finance less than 75k.

I need a loan in the amount of 45 to 50k after I put 20% down.

My question: does anyone know any lenders who would accommodate my needs? Any help is appreciated.

 Call a few listing agents of <$50k properties in your area. Say the house looks great and you want to write an offer, but your lender will not go that low. Ask for a referral. Good listing agents will always have a lender lined up for a wonky property. 

  • Chris Mason
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