Close

See current mortgage rates on Zillow Mortgage Marketplace

Only one quote for loan request ZR-YZVBNTY?

Profile picture for Meridamexbound
I have very good credit, will put down almost 50% of the loan.  I have a mortgage/condo fee listed in my debts but will be selling that.  I don't want it to be contingent on a loan for a new house.  Loan balance on new house is about $42,000.  Could it be nobody wants to loan so little?  I'm just wondering.  Thanks!
  Flag content
Close
Report a Problem

Please enter a valid email address.

Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0Yes

January 28 2010 - Ambridge
 Share
 RSS
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Answers (3)

Profile picture for Meridamexbound
I see.  So I should lower my down payment to where my loan balance is high enough to be able to get a lender, but my new mortgage needs to be low enough so the loan is not contingent on the sale/rent of my condo.  I can keep the remainder of saved up cash working in mutual funds and I can use it to make mortgage payments later.  Thanks for the answers, very helpful.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0Yes

January 28 2010
Profile picture for kellylacey
PA is what's called a High Cost Closing State.  This means the closing costs can't exceed a certain percentage of the loan amount.  This makes doing small loans impossible for most lenders.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0Yes

January 28 2010
Profile picture for daveskow
thats exactly the problem

prob best to talk to a local credit union or bank for that small of a loan
  Flag content
Close
Report a Problem

Please enter a valid email address.

Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0Yes

January 28 2010
 

Have a question? Ask it here.

What's this?
Close

By starting a discussion, you can expect more of an interactive, back-and-forth experience where the conversation can go in many different directions.

Or start a discussion
Related Questions
Profile picture for Charlie_sierra
QuestionWhat if the info about the home is incorect .
  • Latest answer by Charlie_sierra
  • February 20 2011
Profile picture for Susan Wahle
QuestionHow would I be able to find out the square footage of my home?
  • Latest answer by Susan Wahle
  • February 07 2011
Profile picture for Meridamexbound
QuestionOnly one quote for loan request ZR-YZVBNTY?
  • Latest answer by Meridamexbound
  • January 28 2010
Related Articles
GuideJumbo Loan
GuidePrivate Mortgage Insurance (PMI)
GuideA QUICK ARM 101
GuideA QUICK ARM GLOSSARY
GuideLOANS (A 3-MINUTE ARM GLOSSARY)
Compare Mortgage Rates

See all Ambridge rates

Be A Good Neighbor

Zillow® Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy