Refinance House under $50K in Florida

[Sergey Perevalov]

Hi All,

Does anybody know if it's possible to refinance SFR under $50K? I checked with local (Florida, Orlando area) mortgages companies and lowest loan is around $50K but how about refinancing? Does the same rule apply?

Looking at sellers finance with baloon payment but not quite sure if I'll be able to refi if house is under $50K.

Any advice will be appreciated. 

Thanks.