Needing a Small Investment Property Refinance in the Midwest
March 19, 2020 1:25 PM   Subscribe

I have a duplex in Ohio that's financed at 6%. The property is worth maybe $65,000, with a balance remaining of $38,500. I'd like to take advantage of the economy to lower my interest rate by refinancing , but I can't find anyone who will consider a loan below $100,000 or $150,000. Any suggestions?
posted by summerstorm to Work & Money (2 answers total) 1 user marked this as a favorite
Have you tried a local credit union? Most are more willing to work with members on smaller things like this than the big banks.
posted by soelo at 2:01 PM on March 19

Farmer's Bank or Chemical Bank in Ohio (there are various branch locations) will lend in these smaller amounts.
posted by zdravo at 2:43 PM on March 19

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