Mortgage Under $50,000

[Crystal Chang]

Hello Fellow Investors,

I'm new to real estate investing, and I was wondering if it is possible to get a conventional loan under $50,000 these days.  Any light that can be shed on this matter would be highly appreciated.

Thank you,

Crystal

[Bobby Narinov]

I purchased an out of town/state property in Toledo Ohio. The purchase price was 55k. Since I didn't want to lock my money there, I put 16k down and financed 44k. I felt that having a mortgage is some sort of insurance: no one sues properties that are partially owned by a bank :)

I used AmeriFirst Home Mortgage (see contact info below). They are a national company and if the prices in your area are low, they will probably finance you.

Liz Terwilliger
Loan Officer
NMLS#137587
LO# 002904.001

(O) (419) 931-9011
(F ) (419) 931-9012

AmeriFirst Home Mortgage
NMLS #110139
1070 Commerce Dr.

Bldg. 4, Suite B
Perrysburg, OH 43551