Conventional Loan Minimum Limits

[Chris Holloway]

I have been looking at many properties for my next project "Rental Buy and Hold" and will be doing this project solo financially. My price range with being able to put down a minimum of 25-30 percent is a max of 150,000. I have done some research and the information I am getting is that most banks on fiance a minium of 150,000. Does that seem right? Also if this is right if I purchase a property for 150,000 and but down 25% the loan would be lower than 150,000 and I couldn't get normal conventional fiancing. 

[Remington Lyman]

Quote from @Chris Holloway:

I have been looking at many properties for my next project "Rental Buy and Hold" and will be doing this project solo financially. My price range with being able to put down a minimum of 25-30 percent is a max of 150,000. I have done some research and the information I am getting is that most banks on fiance a minium of 150,000. Does that seem right? Also if this is right if I purchase a property for 150,000 and but down 25% the loan would be lower than 150,000 and I couldn't get normal conventional fiancing. 

 Are you able to live in the property?