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Is there anyway to get a mortgage for $13,500? It seems everywhere I look there is minimums...

  • August 08 2013 - Roseville
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Answers (5)

You didn't say if it was for a purchase or to pull equity out which could give a loan to value issue.
Best idea is to check where you bank and ask if they would do an equity line for your circumstances.   If clean situation then chances are that they would do this for a cost & interest rate that you would like. 
  • August 10 2013
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Joshua is correct-a personal loan in that amount is probably your only/best option. The vast majority of lenders would have to 'pay to close' a loan of that amount-the fees on a loan can't exceed 5% of the loan amount. With a loan amount of $13,500 that equates to $675. The appraisal alone is usually approx $425! Lenders hands are tied at times with government regulations :/ 
Best of Luck!
  • August 09 2013
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Like wetdawgs said, go to a credit union, that is your best bet. At that small of a loan amount, you can look at personal loan options.
  • August 09 2013
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Sometimes a  credit union or local bank will consider loans of that amount. 
  • August 08 2013
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It will likely be tough to find a lender who will give a mortgage of that amount. Usually the minimum amount for a loan is around $50,000 for a loan.

Hope this helps and good luck!
  • August 08 2013
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