What is the lowest dollar amount you can get on a mortgage?

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Question by George Nelson: How can get home loan if I have low income, salve but can pay down good payment?
I was wondering, buy information pills as everyone says it is hard to get loan these days, if could be able to get loan. I have very low self employed income for past years. If I was going to buy house for 200K and had income about 700 dollars a month. Would bank give me loan if I put 60K down payment? My grandfather just passed and I inherited the money.

Thank you

Best answer:

Answer by Age of Reason
No because you cannot repay the mortgage of 140k plus property tax and house insurance. Find a cheaper house

What do you think? Answer below!
Question by Mark H: What is the lowest dollar amount you can get on a mortgage?
Is there a dollar minimum for a mortgage? i.e. can it be for $ 30k? $ 20k? $ 10k?
Thanks for the answers: Follow up – other than cash is there any options in the $ 25-$ 40K range then? Closing costs make it uneconomical below $ 50K and as readers have written, viagra approved most banks don’t borrow. This is for investing not home owners. Thanks

Best answer:

Answer by John Smith
1 Cent is the minium.

Of course you’ll pay more in Fees than the Mortgage.

Know better? Leave your own answer in the comments!