mortgage for 70k

4 Replies

Hi BPs,

Is it possible to get an investment property mortgage for such amount? 

Yes.  Some lenders have minimums (I've encountered 50k and 75k minimums), but some lenders don't have any.  You may have to call around and talk to a few different lenders, but you should definitely be able to find one.

Frank, I own 3 properties in Ohio that are under 30k.  My partner and I used Capwest Mortgage which is a pretty national brand with low fees.  They seemed to have no problem.   Still needed to put down 25 percent, but that's normal for conventional financing.

Frank,

I am a national lender, and fellow investor myself, and can help with this type of deal. Please feel free to PM me and we can talk offline.

Regards,

Tod Novak