Minimum mortgage amount
What is the minimum amount a house can be mortgaged for? I was told 65k but that would mean I can't get a conventional loan for anything less than around 80k or so figuring in for subtracting the down payment. This can't be right. Please verify!! How are people supposed to buy properties listed for 50-70k range if this is true?
I live in western NY and want to get a conventional loan for a 2-4 unit.