Lenders specializing in smaller loans?

[Robert Spencer]

Does anyone know of any lenders who specialize in lower amount long term loans? My city has lower house values than most. I have 3 houses free and clear, but can't find anyone willing to do a mortgage or cash out based on their values. They are between $40,000 and $60,000 per property. There are a few lenders who will do long term financing (like 15 or 30 year), but none that will bother with smaller amounts. This seems silly as lending less means risking less money. They are worth conservatively at least $140,000 all together. You would think someone would lend me half that. Anyone have any leads I might try?

[Jay Hinrichs]

@Greg Downey  as a lender and you probably know this since it says your a lender in your title.... you simply cannot stay in business if you dont make a minimum of 4k on a file no matter the size.. this is were most folks get all confused

they think 2 points on a 40k loan they should only pay 800.00 to get a loan.. thats just not reality.. points may be limited by law... but junk fee's are not and they will add up to 4k or more EVERY TIME .. unless its a private lender who is not to swift.