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Updated over 6 years ago on . Most recent reply
How to finance a loan < 50k. Can’t find any lenders!
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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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.