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Investor looking for a lender who would take on a $48k loan

Hi, I am an investor with four rental properties currently and I would like to buy a home that's listed at $60k. My question is, are there lenders who would be interested in a $48k loan? I think the minimum is $50k for some banks, how about credit unions? by joseph568 from Columbia, South Carolina. Dec 6th 2022 Reply


Dave Skow (daveskow)
#15 ranked lender in Washington - 455 contributions

Joseph - hi there - check with the smaller to mid size banks and credit unions close to the proeprty ...I think we can offer a 48K loan amt if needed ...let me know if you need referal ...SC? - Dave SKow 206 714 9745 dave.skow@movement.com

Dec 7th 2022
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I agree. Generally the credit unions because this would be a high cost loan. Credit unions aren't regulated the same way and may have more options.

Apr 3rd 2024
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