Brick + Beam Detroit

Seeking recommendations on mortgage home loan for low-income but high bank balance

Asked by Matt at 4:48pm on Dec 10 2019


Does anyone have any recommendations on getting a $65-75K mortgage loan for a first-time home buyer with good/very good credit, low income (tax return) but high bank balances? I did some research and discovered bank statement loans, however those lenders that were contacted will only approve a higher loan amount of $100K+. There are a few houses in the $65-75K range that I am interested in, and also they would need rehab work, which makes this more difficult, as I would also like to borrow the money for the rehab work.

Does anyone have any suggestions on this?

Thanks so much!

Add your answer

Have a rehab question?

Ask a question in our Q&A forum. Experts are standing by.

Ask now
Ask a question in our Q&A forum at Experts are standing by to help!