Financing in San Antonio>Question Details

Avis Love, Home Seller in San Antonio, TX

where can i find financing under 50k?

Asked by Avis Love, San Antonio, TX Tue Aug 9, 2011

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Hi, Avis. Try our own bank or, better yet, a local credit union.
0 votes Thank Flag Link Tue Oct 18, 2011
Hi, Avis,

Many lenders have a minimum loan amount - usually $40,000 or so, because loans less than that amount are not profitable to them. Credit Unions generally have more flexibility, because they typically keep the loans they originate. San antonio has a number of very aggressive Credit Unions who compete daily for Home Mortgage Loans of ALL sizes.

Contact us if you want a personal reference.

Good luck,

Doc Stephens, REALTOR®
0 votes Thank Flag Link Mon Oct 17, 2011
Check with the bank you currently do business with, or any smaller local community banks, or any credit unions....
0 votes Thank Flag Link Tue Aug 9, 2011
Hi Avis,

You should contact a mortgage broker in your area. Ask a trusted friend or relative for a recommendation.

Best wishes,

Elva Wormley
C2 Financial Corporation
0 votes Thank Flag Link Tue Aug 9, 2011
Have you considered Owner Financing or a Hard Money Loan? A hard money loan will require a larger down payment (probably closer to 30%) and a higher interest rate then a conventional loan but it would do the trick.
Web Reference:
0 votes Thank Flag Link Tue Aug 9, 2011
Hi Avis,

The best way to find that is to contact a loan officer. Different banks have different lending minimums. Call Juli Coen, we work with her all the time and she is great! (210) 845-4695. Please feel free to contact me should you have further questions.
0 votes Thank Flag Link Tue Aug 9, 2011
I can ck with loan officer I know, and seel if he can do it. Michael Trautman210-601-8034
0 votes Thank Flag Link Tue Aug 9, 2011
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