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Creative Real Estate Financing

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Deanna Graham
  • Dublin, OH
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Getting a Loan for a Rental at 50,000 and Below

Deanna Graham
  • Dublin, OH
Posted Sep 15 2016, 06:09

I found a Single family house I want to purchase. I am in Columbus Ohio and I want to purchase to rent it out. Has anyone run into getting financing for properties under 50,000. I must put 15% down which takes the loan to low to get a 30 year mortgage. Am I missing something here? Is this a Federal guidline or is this Specific to the lender I am trying to use.

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