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What companies offer smaller mortgage loans?

I am looking to buy a house that has an asking price of $18,900. I have decent credit (600-range) and regular income (1600/month), but no one will offer a mortgage because they do not offer mortgages that small. Are there companies that do? I am located in Pennsylvania.

3 Answers

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  • 1 decade ago
    Favorite Answer

    Nothing under 50k- it would cost us more to process than we are allowed by law to charge. 600 is also too low of a score.

    Source(s): 25 years mortgage lender.
  • Anonymous
    1 decade ago

    I don't know of any mortgage lender that will do loans under $50K or so. The administrative expenses are too high relative to the small profit they would make on such a loan. You might try getting an unsecured loan and combining that with cash savings for the full purchase price.

  • RED
    Lv 5
    1 decade ago

    Get couple credit cards at the same time, and pull the cash from them.

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