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Private Lending & Conventional Mortgage Advice

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Zachary Penn
  • Rental Property Investor
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Financing sfh under 80k?

Zachary Penn
  • Rental Property Investor
Posted Jun 17 2021, 10:20

Before I spend too much time looking into it, is it really challenging finding loans under 70-80k? No issues with down payment or credit. Im in Florida. Anyone know anything?

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Luke Trovinger
  • Realtor
  • Denver, CO
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Luke Trovinger
  • Realtor
  • Denver, CO
Replied Jun 17 2021, 11:50

Hey @Zachary Penn! A lot of the national banks won't lend in that price range, but give your local banks / credit unions a call and ask around. If they hold their own loans there'll be some allowed leniency. Good luck!

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Caleb Brown
  • Real Estate Agent
  • Blue Springs
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Caleb Brown
  • Real Estate Agent
  • Blue Springs
Replied Jun 17 2021, 11:54

Big banks won't typically do it. If you have a local bank or credit union go through them. You might have to call around but it can be done!

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