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Updated over 8 years ago on . Most recent reply

Deanna Graham's profile image
Deanna Graham's profile image
Deanna Graham
  • from Dublin, Ohio
  • Member since Jan 3, 2016
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Deanna Graham's profile image
Deanna Graham's profile image
Deanna Graham
  • from Dublin, Ohio
  • Member since Jan 3, 2016
Connect
Deanna Graham
  • Dublin, OH
3
Votes |
8
Posts
Creative Real Estate Financing

Getting a Loan for a Rental at 50,000 and Below

Deanna Graham
  • Dublin, OH
Posted

I found a Single family house I want to purchase. I am in Columbus Ohio and I want to purchase to rent it out. Has anyone run into getting financing for properties under 50,000. I must put 15% down which takes the loan to low to get a 30 year mortgage. Am I missing something here? Is this a Federal guidline or is this Specific to the lender I am trying to use.

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