Small Mortgages Are Hard to Get, Even Where Home Prices Are Low

Pew Charitable Trust, Sept. 11, 2020–Alex Horowitz, Tara RocheIn many communities across the U.S., small mortgages—those for less than $150,000—are largely unavailable despite an abundance of homes—and buyers—in that price range. Data suggests that the shortage of small mortgages drives some creditworthy borrowers to riskier, higher-cost alternative financing options.
https://www.pewtrusts.org/en/research-and-analysis/articles/2020/09/11/small-mortgages-are-hard-to-get-even-where-home-prices-are-low