small mortgages?
I am looking at a property that is listed at $99,000. I hope to get it lower than that but I am running into an issue with banks financing a small mortgage like that. The banks I have worked with in the past won't go below $75,000 on the principle in a conventional mortgage. I can go with a commercial loan, but it is a 5 year balloon and I would rather not go that route with this one. What banks deal with small mortgages? I am in Florence, SC.