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Jason Morris's profile image
Jason Morris's profile image
Jason Morris
  • Member since Feb 22, 2019

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Jason Morris's profile image
Jason Morris's profile image
Jason Morris
  • Member since Feb 22, 2019
Jason Morris
7
Votes |
40
Posts
Philadelphia Real Estate Forum

Mortgage Lenders under 60K.

Jason Morris
Posted

Hello everybody. I'm interested in purchasing investment property in the Philadelphia area, but am having trouble locating lenders who will lend as low as 60K. I've been Googling Philadelphia local banks and credit unions throughout the day. So far, one replied that they go as low as 75K. Another said 80K. Does anybody know any lenders with minimum loans between 50K - 60K?

Philadelphia, Pennsylvania
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Joe P.'s profile image
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Joe P.
  • from Philadelphia, PA
  • Member since Jul 20, 2017

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Joe P.'s profile image
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Joe P.
  • from Philadelphia, PA
  • Member since Jul 20, 2017
Joe P.
  • Philadelphia, PA
1,100
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824
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Joe P.
  • Philadelphia, PA
Replied

Try Key Bank. They have options I think. You may also want to consider a HML. It costs banks money to create mortgages so they want enough skin in the game. 60k might not be enough.

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