is it true that it is difficult to get a loan for a home under 40,000 dollars. I was told the lender is not interested with anythnig lower than thathttp://hotpads/comments/viewThread/?format=html&id=2983HotPads CommentsjRSSGenerator by Henrique A. Viecilihttp://blogs.law.harvard.edu/tech/rssis it true that it is difficult to get a loan for a home under 40,000 dollars. I was told the lender is not interested with anythnig lower than thatrealtor/lender told me that banks are not interested in loans lower than 40,000 dollars because it's not worth it. thay can't make money. is it possible to get a homeloan for any amount less than 40,000 dollars?2983Answer for is it true that it is difficult to get a loan for a home under 40,000 dollars. I was told the lender is not interested with anythnig lower than thatIt is possible to get a loan for under $ 40,000.00. The only bank, I know doing them are Bank Of America. They will loan down to $ 15,000.006943Answer for is it true that it is difficult to get a loan for a home under 40,000 dollars. I was told the lender is not interested with anythnig lower than thatLinda~ while it is true that lenders don't like loans under $50K, you still have several options open to you: + Find an owner who is willing to sell on land contract (some of our investors/landlords do this very successfully) - which means the owner is playing the bank/lender for you (kind of rent-to-own) + Get a HML (hard money loan)... these are usually extended for 6 to 12 months, and you pay interest only during that time. + Find a bargain property in your area, like a 'Handyman Special' (in Detroit i.e. they are priced between $2K and $10K), and pay cash (family, friends, credit card, credit line etc.) + Buy a duplex, and have instant income while enjoying your portion of the property. Conny Wolfram, M.A. (owner) CoW Properties We broker nationwide REO's www.CoWproperties.com3845Answer for is it true that it is difficult to get a loan for a home under 40,000 dollars. I was told the lender is not interested with anythnig lower than thatMy company provides owner financing on our properties. Call me and we can discuss. 214-509-614515551