I saw a home in my town( I Live in GA) and it’s a little over 15 thousand. I have about 3k to put down on the hosue but I want to know if they even give out mortgages since the price is so low on the home.
No they do not, houses that low are sold for cash.
You can get a personal loan though, and use that to buy the property.
September 2nd, 2010 at 9:03 pm
Probably not, but talk to your local bank.
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September 2nd, 2010 at 9:41 pm
It’s True, you might not get a mortgage loan for that amount but you can get a secured loan form a local bank. That would be a lot easier then a Mortgage loan. Good Luck
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September 2nd, 2010 at 10:05 pm
No they do not, houses that low are sold for cash.
You can get a personal loan though, and use that to buy the property.
References :