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Updated 9 months ago on . Most recent reply

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Looking for low minimum amount loans for 60-90k properties

Piper Pepperidge
Posted

Most lenders impose a minimum 100-150k lending amount, even less will go below the minimum and lend on an LLC. And 60-90k is also typically too low for dscr loans. Wondering if anyone knows any good places?

Most Popular Reply

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475
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236
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AJ Exner
  • Lender
  • Springfield, MO
236
Votes |
475
Posts
AJ Exner
  • Lender
  • Springfield, MO
Replied
Quote from @Piper Pepperidge:

Most lenders impose a minimum 100-150k lending amount, even less will go below the minimum and lend on an LLC. And 60-90k is also typically too low for dscr loans. Wondering if anyone knows any good places?


 Hey Piper,

Just shot you a DM but there are some good programs down there but the fees are something to be aware of. Often times when you have minimum loan amounts you also have minimum fees that look fine at $200k-$300k, but at $50k those flat fees are a bigger chunk. 

Good luck!

  • AJ Exner
  • [email protected]
  • 417-427-2612
  • Loading replies...