Modest mortgages (loan, heloc, credit, loan) - Lenders, loans, financing, rates, foreclosures, short-sales, brokers, credit score, deed, lien, refinancing, borrowers - City-Data Forum

wvboycleve · 04-16-2015, 03:56 PM

I understand many mortgage loan companies will not mess with loans for $60,000. or less. They say that there is not enough money to be made from doing the loan. If that is the case where do I go for a mortgage of $60,000.
Thanks

Modification Specialist · 04-16-2015, 03:59 PM

Welcome to City Data

Try Bank of America, Chase, Citibank, or Wells Fargo

JNR417303 · 04-16-2015, 04:03 PM

I've heard that Wells Fargo will go as low as 50k. You might want to check with your local credit union as far as better rates and service.

ncole1 · 04-16-2015, 04:11 PM

Quote:

Originally Posted by wvboycleve

I understand many mortgage loan companies will not mess with loans for $60,000. or less. They say that there is not enough money to be made from doing the loan. If that is the case where do I go for a mortgage of $60,000.
Thanks

I've heard of some banks offering a HELOC for purchase that can be used in 1st lien position.