All Forum Posts by: Dylan H.

It's hard to find exactly what you want sometimes. I'm almost positive if a bank lends on a property that is 25k they always charge high interest. It's the only way they can justify taking the time to deal with such little amounts. 

That being said, there are DSCR loans that are available for properties under 100k but again the rates will be really high. Maybe not 20k low but 50k+ is around.

Wells fargo quoted 6.5% on $75,000 so yes i think you are right

It's hard to find exactly what you want sometimes. I'm almost positive if a bank lends on a property that is 25k they always charge high interest. It's the only way they can justify taking the time to deal with such little amounts. 

That being said, there are DSCR loans that are available for properties under 100k but again the rates will be really high. Maybe not 20k low but 50k+ is around.

thanks for your reply