Bank refusing to lend on property for 25k

[Jack Srimani]

Hi,
I contacted my bank for financing a property I am buying which is approx. 25k. However my bank denied stating that they will be only financing properties of much higher value where the bank needs to lend at least 30k. I am not sure why such a restriction. Is this common scenario. If so how does one get fianancing for deals on properties which are cheaper in value. I appreciate your input. Thanks