Is there conventional loans for rental homes priced 50k?

Question

Hey y’all! Im thinking of financing rental properties in Ohio price range around 50k-60k. Will I have any luck? Thank you!

Kerlous Tadres · Answer

Hey Jose, I have some lenders that I can refer to you!

Derek Brickley · Answer

Yes you can, generally the same as traditional conventional but it’ll be based on property zip code and value.

Marc Rice · Answer

Hi Jose, I can share my go-to lenders in OH. Happy to help!

Jimmy Lieu · Answer

Hey Jose, welcome to BP! Short answer is yes, it’s possible, but it’s getting tougher and you need to be really careful at that $50k–$60k price point in Ohio. Most properties in that range today are going to be in rougher areas, need heavier rehab, or come with higher management and tenant risk, and many lenders won’t finance that low unless you’re doing portfolio or local bank loans with higher rates and down payments. That’s why a lot of investors have shifted their focus slightly up the price ladder, especially here in Columbus, Ohio. The macroeconomics are on fire here with strong population growth, job growth, and massive companies moving in like Intel, Amazon, Google, Honda, Microsoft, LG, and more. You can still find solid single family rentals in the $120k–$180k range that hit the 1% rule, cash flow day one, and have real appreciation upside, which is a rare combo right now. It’s also a very landlord-friendly market, which matters a lot if you’re financing and planning to hold long term. So while $50k–$60k deals exist, many investors are finding better risk-adjusted returns by buying slightly higher quality assets in strong growth markets like Columbus. Happy to connect and answer any questions you have!

Derek Brickley · Answer

Hey Jose!

Yes we definitely work with a lot of investors on that, most of the times you'd probably want to use a community program because otherwise you run into points/fees limits on conventional loans. If its helpful though to go through that definitely can, feel free to reach out

Arman Ahmed · Answer

@Jose Morales

I know a few lenders that work in that price range and can share what’s worked for other investors if helpful.

Jose Morales · Answer

Can I use a community program if I’m OOS investor? What are the requirements?

Jose Morales · Answer

Hi Kerlous! I would appreciate it!

Is there conventional loans for rental homes priced 50k?

Is there conventional loans for rental homes priced 50k?

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