Home Buying in Lawrence>Question Details

banchy74775, Home Buyer in Lawrence, MA

If there any bank that would len 50,000 dollaras to buy a condo in lawrence Massachusetts

Asked by banchy74775, Lawrence, MA Mon Sep 17, 2012

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Heath Coker’s answer
That depends on the buyer's credit, income, and other factors like the property condition, per cent of owner occupants, etc.

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1 vote Thank Flag Link Sun Sep 23, 2012
If you meet the requirements for employment and credit history there is a loan program that will meet your needs. Banks are still tight with lending right now but it may be worth a shot. Also you could
check with a local credit union.
0 votes Thank Flag Link Tue Sep 18, 2012
Yes, there are plenty of lenders that will loan that amount, but it also depends on many variables (e.g. purchase price, down payment, credit, work etc...) there are also local programs in towns such as Lawrence &Lowell that offer purchase assistance. If you need more information email us info@wenrealty.com
Web Reference: http://www.wenrealty.com
0 votes Thank Flag Link Mon Sep 17, 2012
Yes. A local bank or credit union would be a better source for a smaller mortgage.
0 votes Thank Flag Link Mon Sep 17, 2012
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