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Jack Lewitz (Exit Strategy Realty)

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Ambassador
2,567,074
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Author, Golfer, Retired Broker, Wenatchee, WA

Being an old timer, quite low.  My first mortgage was $18,000.

Sep 06, 2016 08:13 AM
Rainmaker
1,895,759
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Not every bank will do a loan that low that is why it's a wierd bank. 50K is the lowest I've had from a little old lady.

Shop your small local banks.

Sep 05, 2016 11:11 PM
Rainmaker
1,704,853
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC • Short Sale • Probate

3%. I believe Wells fargo is actively promote this kind of loans. 

Sep 13, 2016 10:00 AM
Rainer
55,723
Joe D'Agostino
NMLS# 729950 - Manahawkin, NJ
Mortgage Officer 46 years!

In today's world of Dodd-Frank, I normally won't do a deal for less than $100K. Prior to Dodd-Frank the lowest mortgage was $48,000. Conversley the largest deal I ever did in my 46 years was $12million.

 

 

 

Sep 07, 2016 02:03 AM
Rainmaker
4,330,284
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Jack Lewitz nothing less  than $150K!

Sep 06, 2016 04:19 PM
Ambassador
3,770,021
Patricia Kennedy
RLAH@properties - Washington, DC
Home in the Capital

$25,000 for a condo, and that was a long time ago.

Sep 06, 2016 01:50 PM
Rainmaker
3,986,589
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

$22,500

Sep 06, 2016 12:31 PM
Rainmaker
2,236,276
Debbie Laity
CinaJones Real Estate - Cedaredge, CO
Your Real Estate Resource for Delta County

I think the lowest I've seen a loan for was around 80K. But usually in that price range I'm dealing with cash buyers. 

Sep 06, 2016 12:16 PM
Ambassador
7,169,867
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

$50k is not that small around here, most of my homes cost less than that.

Sep 06, 2016 10:09 AM
Rainmaker
3,988,329
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I have had several under $50000. That would have been the average sales price 30 years ago in my area.

Sep 06, 2016 09:36 AM
Rainmaker
5,639,568
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Boy, my first house was a loan for 23,000  does that count

 

Sep 06, 2016 09:23 AM
Ambassador
2,769,662
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

When I started in the business in 1985, the median home price was about $75K.   I did a lot of $39,900 and $49,900 sales... many of those were conventional.

Sep 06, 2016 07:33 AM
Rainmaker
1,713,681
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I tend to look forward so I can't say.

Sep 06, 2016 07:11 AM
Rainmaker
4,434,327
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I do not remember.

Sep 06, 2016 05:23 AM
Rainmaker
8,649,088
Roy Kelley
Retired - Gaithersburg, MD

Less than $10,000.

Sep 06, 2016 04:07 AM
Rainmaker
1,588,325
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Mine have all been in the 300k and up range.

Sep 06, 2016 03:43 AM
Rainmaker
5,589,875
Barbara Todaro
Keller Williams Elite - Franklin, MA
"connecting land with builders"

if the loan was too small, I'd have them take a 90 day note and after closing, get an equity line.... a couple of bucks for closing costs....

Sep 06, 2016 02:22 AM
Rainmaker
1,793,094
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Just under $100K

Sep 06, 2016 12:31 AM
Rainmaker
1,297,731
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

I have one 100X yours and I suspect it is a bogus account also. No phone number just a bank I never heard of either.

Sep 06, 2016 12:25 AM
Ambassador
5,908,370
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

$50K and I believe it was with Wells Fargo.  I think BOA does them as well as some of the other local lenders.  

Sep 06, 2016 12:18 AM
Rainmaker
5,025,136
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

It was in the 50K range but can't remember the details as it was many years ago.   

Sep 05, 2016 11:59 PM
Rainmaker
1,726,231
Thomas J. Nelson, REALTOR ® CRS,ABR,PSA,RCS-D, CFSP
Big Block LPT Realty 858.232.8722 - San Diego, CA
Coastal San Diego, Veteran's & Retirees Services

Suspicious amount. My lowest in recollection was $175,000. Much lower in CA you'd have to go to a manufactured home lender and be buying on, as they are about the only thing below $150,000 out here currently.

Sep 05, 2016 11:57 PM
Rainmaker
1,153,804
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

The wayback machine says $23,800 but that was in 1974. $267,500 was the least during the past 2 years.

Sep 05, 2016 11:48 PM
Rainmaker
5,943,896
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

Many many years ago, the loan amount was $15,000! Long story but the buyer paid it off within 6 months!

Sep 05, 2016 11:12 PM
Rainmaker
5,780,067
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Real Estate Broker

It was for $50,000. Most lenders won't lend below $50K.

Sep 05, 2016 10:54 PM