Forgotten Your Password?

Need to Register?

Question Icon

Can you get a loan for under $50,000?

by melissa.lewis67488 from Rome, Georgia. Sep 21st 2015 Reply


Larry Gray (lgray_312_247)
#593 ranked lender in California - 1,139 contributions

You certainly can. Most banks, and certainly the major ones, do them. For manyloan brokers/mortgage only banks.... a mortgage loan under $50,000 is not something most of them do. However there may be some exceptions. In your shopping you can include both types of lenders to see what they offer.

Sep 21st 2015
1
0
Derick Condron (rightstartoregon)
#32 ranked lender in Oregon - 598 contributions

It will tough to find a mortgage for under 50K. Most lenders have a low end cap on what they will do.

Sep 21st 2015
1
0
Jesse Stroup (jessestroup)
#4 ranked lender in Idaho - 593 contributions

Yes, you can finance loan for under $50,000 thousand. I have seem some lenders with minimum loan amounts, so you may need to shop around with local mortgage bankers / brokers or credit unions.

Sep 21st 2015
1
0
William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

Yes and No... most lenders will not do a loan under $50K because the current laws restrict how much a lender can make on a loan.. and for $50K, it's just not enough to be profitable.. Some local community banks and credit unions might be able to help you, expect them to solicit you for other banking products as well.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Sep 22nd 2015
1
0
Subscribe to our news feed.