with an monthly income of 1750. can i afford a 14,000. condo?

  • September 26 2010 - Melbourne
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Answers (3)

See the comment on the link below by the RE agent saying his Wells Fargo rep is doing them all the time, doing a 17K loan right now. Call WF. If they have no problem with the loan amount you still have condo guidelines that must be met.

Wells Fargo
  • September 26 2010
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Hi there -
Your question is pretty vague. 
Are you talking about getting a mortgage?  If so ~it just would not work.  The costs to do a mortgage would not permit the government to allow any lender to do that small of a  loan. 
You might try a finance company or take a personal loan from your bank and then pay cash.   They would be able to tell you if you could qualify based on that loan type. 
Good luck to you -
Sincerely,
Celia
  • September 26 2010
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Even if your debt ratios work including the condo fee and taxes, you will have a very hard time finding a lender to do a $14K purchase.   
  • September 26 2010
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