Posted on April 28, 2015 - 04:44 PM
by Meridee Escalera
Buying Tip: Unfortunately, it is almost impossible to purchase a home with financing priced under $50,000. You would think with it being a small amount that it would be easy but most lenders see it as being a high risk loan. They won't even do it with 20% down. Your only options on a home under $50,000 would be to pay cash, get an equity line on a current property you own, or pay more than the list price and hope it appraises accordingly. Feel free to contact me with any questions.