To borrower $15,000 to purchase a house would depend on where the property is located and the condition of the property. In property, are you speaking of land only or land and a house?
If you are purchasing land, you would need to apply for a land loan. Normally a land lender would require 50% down payment
If you are attempting to purchase a land with an existing house, the down payment could range anywhere from 3.5% down to 20% down. This would depend on the mortgage loan program you would be approved for.
In some areas of the United States this loan amount might be too low to be approved for a mortgage loan.
You would need to find a local mortgage lender and apply for a mortgage loan to see if you would be qualified for a mortgage loan. You would need pay stubs, W-2 forms and filed income taxes for 2 years. You would also need bank statements, savings account statements to include your 401-K plan statement offered by your current employer.
I hope this has been of some benefit to you, good luck.
"FIGHT ON"
maybe ?
banks use the same standards to decide whether you can get a loan
whether its approved and for how much depends on your credit rating , your yearly wage , time spent at the job you have now , how long you've had your bank account , how long you've lived at your current address and for property if you have the 15% down payment required and any cosigner or collateral
yes. but need details. you could use the property with to secure a loan.
depends on income, debts. so I assume you have income. if one place turns you down, move on to the next one. the loans are there
Yes
go to the bank of america with a gun, go to the clerk, tell them it's a robbery, take your money, dont pay back "loan", PROFIT
to buy property with
