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Updated about 5 years ago,
Looking for a small mortgage loan
I have a single family property under contract for $48k. I have $20k I can put into the deal. I’d like to make a large down payment and have a low monthly payment. Most of the lenders I talk to want to see 2 years of stable income from the same job (which I don’t have), and others won’t underwrite a loan smaller than $50k. Suggestions?