Conventional Loans limits in IN under $40k

[Richard Bull]

I am a fairly new investor and am now starting to explore the Indianapolis market. I have seen several properties that I can negotiate down to $45k or $50k, however it does not seem like I can get a conventional loan for these properties due to guidelines that some conventional loan officers have where they will not do a loan for less than $50k. My strategy as an OOS investor is pure buy and hold rental properties and would like to take advantage of the currently lower rates over 30 yr amortization period.  

I also understand that in some cases I can only get an investment property loan for a SFR with 20% down and it has to be 25% down for a small multifamily or duplex.

Are there any banks or loan officers that you can recommend for smaller conventional loans or that can work with 20% for a multifamily?