Mortgage Lender Recommendation for Purchase Price $75,000

Real Estate Agent · Charlotte, NC / Lake Norman · Member since 2022 · 35 posts · 35 votes

Hi BP Members, does anyone have a recommendation for mortgage lenders who will lend on a home with a purchase price of $75,000. Thank you!

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Nicole Heasley Beitenman
Investor · Youngstown, OH · Member since 2017 · 2k+ posts · 2k+ votes
3y
I can in some situations. I'm licensed in OH, FL, and PA.
0 Reply
David Bilandzija
Lender · Venice, CA · Member since 2021 · 189 posts · 132 votes
3y
@Grace Walser investment or primary?
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Grace Walser
OP
Real Estate Agent · Charlotte, NC / Lake Norman · Member since 2022 · 35 posts · 35 votes
3y
@David Bilandzija Investment
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James Herbert
Rental Property Investor · Broken Arrow, OK · Member since 2016 · 16 posts · 3 votes
3y
Grace there are lenders that will go that low for purchase and rehab. if it is rent ready you may have to go with a local portfolio lender.
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Joseph EscamillaPro Member
Lender · Charleston, SC · Member since 2018 · 41 posts · 14 votes
3y
Hi Grace - Looks like I could help with that as long as its a single family home. Downpayment would need to be roughly 25%-30% . Let me know if I can be of any assistance.
-Joe
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Dave Skow
Lender · Seattle, WA · Member since 2014 · 2k+ posts · 899 votes
3y
@Grace Walser
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Dave Skow
Lender · Seattle, WA · Member since 2014 · 2k+ posts · 899 votes
3y
@Grace Walser- thanks ...loan amt ? rental property or primary residence ?
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Grace Walser
OP
Real Estate Agent · Charlotte, NC / Lake Norman · Member since 2022 · 35 posts · 35 votes
3y
@Dave Skow It is a rental property and loan amount is $56,250.

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Dave Skow
Lender · Seattle, WA · Member since 2014 · 2k+ posts · 899 votes
3y
Quote from @Grace Walser:

@Dave Skow It is a rental property and loan amount is $56,250.

Thanks
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