Home Buying in Philadelphia>Question Details

biddyz, Home Buyer in Philadelphia, PA

is there a lender for homes under 50,000?

Asked by biddyz, Philadelphia, PA Fri Jun 29, 2012

i saw a listing for a property for 39,000 but when i called they said there arent many lenders who loan under 50,000...can someone help me find one?

Help the community by answering this question:


Absolutly... Feel free to call us for a confidential conversation.

All the best John + Sheri Circi/ RE/MAX 215-757-2889
0 votes Thank Flag Link Sat Jun 30, 2012
Sure. There are lenders I can recommend. Perhaps a few. Feel free to contact me any time.
Dmytro V. Bova
Realty Mark - The Diamond Group-Real Estate Sales
Main Line Investors Group - Property Management
700 E. Township Line Road, Suite 100
Havertown, PA 19083
Tel: 610-348-8389
Tel: 610-449-1919 x.223
Licensed In Pennsylvania
0 votes Thank Flag Link Sat Jun 30, 2012
Yes I have a lender call me 215-725-5700X49
Philip J. Cunningham Sr, REALTOR
V.I.P. Realty Corporation
7942 Bustleton Ave
Philadelphia,PA 19152
Web Reference: http://WWW.GreatPaRE.com
0 votes Thank Flag Link Fri Jun 29, 2012
Hello, Biddyz,

Have you tried any of the banks? I just did a transaction with someone purchasing a home for $43,000. I know that Wells Fargo will do this.

Please contact Ian Rimerman at 215-944-3055. He will be able to help you with this.

Carol Cei, ePRO, Realtor
ReMax Platinum Club
Five Star Professional
ReMax Action Realty
Web Reference: http://www.carolcei.com
0 votes Thank Flag Link Fri Jun 29, 2012
Then answer depends on the condition of the property and even IF the property needs a lot of work to bring it up to "lender's" standards, there are options available to explore, such as FHA 203k IF the property can appraise enough to add in the costs of repairs.
Now with that said, have you contacted the bank where you have your savings and checking accounts? Your bank may have options there for you to explore IF FHA financing can not make it work.
If you would like more information, call me and we can discuss YOUR options better when I can have the entire info I would need to advise you more accurately.

Al Rappa, Jr.
Associate Broker
EXiT Benchmark Realty
610-504-5466 (cell#)
0 votes Thank Flag Link Fri Jun 29, 2012
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer