Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Springfield Real Estate Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago,

User Stats

1
Posts
0
Votes
Will Spence
  • Boston, MA
0
Votes |
1
Posts

Financing Question- Mortgage Too Small?

Will Spence
  • Boston, MA
Posted

Hi BP, 

I'm looking to purchase 1 or 2 condos in the same building; however, the mortgage is probably not big enough to qualify for a loan through most banks/credit unions (under $50k per unit). The 2 condos together definitely would meet most minimum thresholds, but I was told by 2 credit unions that each unit would need a separate mortgage (no blankets) which brings me back to my original problem. Has anyone run into this issue before, and if so, how did you solve it? 

Thanks for the help,

Will

Loading replies...