I HAVE BEEN SEARCHING FOR A HOME ABOUT A YEAR NOW. I SEEN A FEW HOUSES FOR LESS THAN $30,000 AND NO ONE IN MY AREA COULD HELP. I AM A FIRST TIME HOME BUYER AND I NEED HELP. by KEITH JACKSON JR. from PITTSBURGH, Pennsylvania. Oct 6th 2009
Some very big banks will. I know Wells Fargo Bank pays their mortgage consultants well for handling small mortgage loans under $50,000 so it is not such a burden to do all the work such a small loan still entails. Many smaller brokers, mortgage banks, etc. just are not set up to do mortgage loans below $50,000.
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