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I have $140,000. I want to buy a house no for between $160,000 and $200,000. My mortgage will be small. Where can I go?

by pcorrell16 from San Jose, California. Feb 15th 2022 Reply


Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions

Currently, I know of no lenders that will go below $50,000 and almost all require a minimum of $100,000. If you really want a small loan amount, you are going to have to look for a consumer loan not a mortgage. Check with your local bank or credit union and see if they will make a consumer loan secured by the property.Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Certified Mortgage Advisor and Certified by The National Association of Mortgage Professionals as a Certified Veterans Lending Specialist.Licensed in AZ, CA, GA, IL, MO, OR & WA... In fact, NEXA is licensed in all states except MA and NY so give us a call. ~ www.ApplyYes.com 480-889-9000 - OR - 480-695-9300.

Feb 17th 2022
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