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Updated over 2 years ago on . Most recent reply

Joseph A Michel's profile image
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Joseph A Michel
  • Real Estate Agent
  • from Lexington, SC
  • Member since Apr 5, 2019
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Joseph A Michel's profile image
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Joseph A Michel
  • Real Estate Agent
  • from Lexington, SC
  • Member since Apr 5, 2019
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Joseph A Michel
  • Real Estate Agent
  • Lexington, SC
4
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Would anyone finance a $48k loan on a $60k property?

Joseph A Michel
  • Real Estate Agent
  • Lexington, SC
Posted

Hello BP community!

I am a realtor and investor with four investment properties and would like to purchase a home on the market for $60k.  Are there any lenders out there that would be interested in a $48K loan?  I welcome any feedback and/or referrals. 

Thanks!

  • Joseph A Michel
    • Columbia, South Carolina
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    Jack Tulloch's profile image
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    Jack Tulloch
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    Jack Tulloch
    #2 Mortgage Brokers & Lenders Contributor
    • Lender
    • Austin, TX
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    Jack Tulloch
    #2 Mortgage Brokers & Lenders Contributor
    • Lender
    • Austin, TX
    Replied

    I think a small bank or credit union would be your best bet for a smaller loan like that. 

  • Jack Tulloch
  • [email protected]
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