If I need a loan for under $50.000, should I go to a large bank or a smaller lender?

Tricia,It probably doesn't matter. The question I have for you is what is the purpose of the loan, are you buying a house or refinancing, or if it will be an unsecured loan. Loans that small can be hard for any lender to do as a mortgage because of High Cost Mortgage rules which limit costs on loans based on loan amount. With higher loan amounts this is not an issue but at $50,000 it can be (more often than not is). Can you tell me a little bit more about what your goal is here?Thanks,Greg

Larger banks or local community banks are your best bet for loans this size.. Lending rules limit how much can be charged on loans and for smaller loans, it's difficult to make them profitable, however banks have different rules than brokers.. so it easier for them to do it.. 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

I would try a local bank or credit union..

Generally a federally chartered good size bank is best for mortgage loans below $50,000. A large credit union is a good possibility as well.