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Updated about 6 years ago on . Most recent reply

Al Norman's profile image
Al Norman's profile image
Al Norman
  • from Mount Dora, FL
  • Member since Sep 12, 2015
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Al Norman's profile image
Al Norman's profile image
Al Norman
  • from Mount Dora, FL
  • Member since Sep 12, 2015
Connect
Al Norman
  • Mount Dora, FL
4
Votes |
15
Posts
Philadelphia Real Estate Forum

LOOKING FOR A LENDER UNDER 50K IN PA - PLEASE HELP

Al Norman
  • Mount Dora, FL
Posted

I just got under contract for my first buy and hold in Delaware County today however I am having a hard time acquiring a loan  under 50K(I have stable income, credit and downpayment). 

Property is 63K putting down 20%(5K repair estimate of which I can pay out of pocket if it eliminates the need to refinance and my overall cost is less).  Any advice?

Al Norman 

Philadelphia, Pennsylvania
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Joseph ODonovan's profile image
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Joseph ODonovan
  • Rental Property Investor
  • from Ridley, PA
  • Member since Apr 13, 2017
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Joseph ODonovan's profile image
Joseph ODonovan's profile image
Joseph ODonovan
  • Rental Property Investor
  • from Ridley, PA
  • Member since Apr 13, 2017
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Joseph ODonovan
  • Rental Property Investor
  • Ridley, PA
446
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425
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Joseph ODonovan
  • Rental Property Investor
  • Ridley, PA
Replied

Beneficial Bank does mortgages for less than 50k, how you tried them?

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