mortgage less than 50

I am assuming you are asking about a mortgage loan under the $50,000 , lending standards are not allowing.. but I do have a business line of credit or a personal cash line advance, it all depends on your fico score.. email at merchantsonthego@outlook.com linda

Loans less than $50,000 can be problematic because of government rules that cap lenders fees and closing costs as a percentage of the loan amount. A great example is an appraisal. In my area (Minneapolis, St Paul), regardless if you are getting a $400,000 loan, or a $40,000 loan, the appraisal is still going to be about $400. A a percentage of the big loan, it is nothing to be concerned about, but on the small loan, the appraisal itself is 1%.

These mortgages can be done but are more difficult because of high cost. As long as the lender fees are under 5% and this is a full documented loan you should be ok.

Loans under $100K are difficult to do.. loans under $50K near impossible. A community bank / credit union is most likely your best option.. .. 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