Bank loan on a 75k property or less, is it possible?

[Joel Gierbolini]

I have notice that many (majority) banks don’t like to lend on a property less than 75k. If that’s the case what happens to those that try to purchase properties that are less than 75k? For example in markets like: Detroit, South Carolina or Alabama?

Thanks,

[Harjeet Bhatti]

@ Joel Gierbolini  We do not have restrictions on lower loan amount as long as prosperities are in livable condition.  I think its The $30k rental club thread which you can follow for more lenders information.