Home Buying in 30655>Question Details

Ms June, Home Owner in Monroe, GA

Hi, I need help in finding a loan company that will finance a small amount of money. The house is $30,000

Asked by Ms June, Monroe, GA Wed Jan 30, 2013

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As long as you are going to live in the home I have no minimum loan amount with my bank. Call me 7 days a week.

Marc D’Angelo
Mortgage Banker
404.925.8291 Cell
678.985.6834 Fax
mdangelo@brandmortgage.com
apply online: mdangelo.brandmortgage.com
1 vote Thank Flag Link Wed Feb 6, 2013
Walk in to your local BB&T branch, or your personal bank, and tell the Branch Manager what you need. I just closed an Avondale Estates condo deal with an 80 LTV for $36K. Stacy Clein at BB&T Decatur handled - she also paid for appraisal.

It's not a primary mortgage loan - more like a HELOC.
Web Reference: Http://intowninsider.com
2 votes Thank Flag Link Wed Jan 30, 2013
With that low of a loan amount, you are no going to have many, if any, traditonal options. As Lee indicated a Home Equity Loan or Line of Credit might be your only option.

At Prospect Mortgage, we do not have a minimum loan amount, except for renovation mortgages. All Renovation Mortgages do require a $50K minimum loan amount. While other loan programs do not have a set minimum loan amount, all mortgages must pass the various Federal and State fee compliance tests for predatory lending. Generally, loan amounts under the lower $30K's will not pass those required tests.

Working with a knowledgeable and seasoned loan officer is critical in today's market. Getting Pre-Qualified is the only way for you to find out your options. To get Pre-Qualified for your purchase if you decide to look at a higher amount, you can submit your request online at http://www.rodneymason.com.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of lending experience.

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.
1 vote Thank Flag Link Wed Jan 30, 2013
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