Financing in Houston>Question Details

Billmordor, Home Buyer in Houston, TX

i want to buy a house priced at 35000.00, and i only have 10000.00, i was informed i can not apply for a loan because the loan ammount is under 50000.

Asked by Billmordor, Houston, TX Fri Nov 18, 2011

why am i ask it to loan more, and why do i have to go for a more expensive house since i dont neeed it, why banks do this to pupils who just dont want to buy houses with killing payments?

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Answers

7
I am a mortgage banker and I can provide you a small loan like the one you described.

Contact me at 214-643-6021
My website is http://www.CenderaDallas.com

Sincerely,

Steve Hakes
National Sales Director
Cendera Funding Inc.

Cell/Direct Phone: (817) 925-2546

DALLAS OFFICE:
3131 McKinney Avenue
6th Floor
Dallas, TX 75204
Office (214) 643-6021
Fax: (888) 688-4360
0 votes Thank Flag Link Mon Nov 21, 2011
I work with investors in all price ranges and know exactly where to direct you to get a loan for the house you would like. Please feel free to contact me directly and I will put you in touch with the right people, and can represent you in the purchase also.

Don "Buddy" LaRue
Lifestyles Realty, Houston
Buddy@LUINC.COM
0 votes Thank Flag Link Sat Nov 19, 2011
Most major wholsesalers will not touch a loan under $45,000. Call your local bank, they will me more willing to process a loan for a lower loan amount.
0 votes Thank Flag Link Sat Nov 19, 2011
Same issue here... My Bank does not do mortgages neither does my credit union, might have to go talk to the mob or something to get something going,....
0 votes Thank Flag Link Sat Nov 19, 2011
Hello Bill,

Although many lenders are reluctant to extend mortgage loans for amounts under $50,000 given the relatively small resulting interest revenue stream, we can help you find you one - have helped several homeowners under similar scenarios. Email or call me at your earliest convenience.

Best regards,

Mario Romero
Mortgage Banker

mromero@amcap1.com
832 818 5868
0 votes Thank Flag Link Fri Nov 18, 2011
Talk to a bank regarding this issue and also talk to your accountant (or tax person) regarding the interest payments. They both could apply differently when you are getting a personal loan.
0 votes Thank Flag Link Fri Nov 18, 2011
Yes there is an issue get a home loan under $50,000. You can go through your bank for a personal loan which you can try that..

Valarie Richardson
Houston Realty
832-642-1879
0 votes Thank Flag Link Fri Nov 18, 2011
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