3 Thoughts on whats the lowest mortgage loan officers will give?
  1. Reply
    falsi fiable
    February 2, 2014 at 6:49 pm

    You will usually pay a premium of 0.750 points or more for loans under $ 100,000. Shop around for a good mortgage BROKER and avoid the big banks. Read “Home Buying for Dummies” to avoid the common traps.

  2. Reply
    My Take on It
    February 2, 2014 at 7:39 pm

    You cannot get a mortgage for 20k. That is just too low for all the paperwork etc that needs to be done. Usually, 50k is the baseline. If you are trying to finance something that cheap, you either need to go for owner financing, or take out a personal loan.

  3. Reply
    Landlord
    February 2, 2014 at 7:51 pm

    50k is the usually minimum for a mortgage loan. If you just need 20k you need to get a personal loan, not a mortgage.

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