I am trying to find 30 yr loan for less than 75k and have not had any success. Plz advise. Thanks in advance.
@Bryant Stokes what state are you investing in?
@Bryant Stokes have you talked to any of your local credit unions?
I have not.
Palmetto Citizens FCU will do 20yr for low balance investment properties. Only caveat is they’re commercial vs personal.
@Bryant Stokes I've had one that was around 45k when initiated for many years. I'm actually refinancing it now, but it was a conventional loan. For that low of a balance, you'll probably have to get a traditional mortgage. The rate may be a little high for a smaller balance. Most HMLs won't below 100k these days.
@Bryant Stokes very sorry here. I almost missed your response. If you know how to use the @ to tag someone that will give us notifications but I do know 1 lender in SC that will lend that low. PM me and I'll share. Thanks!