If you’d like to get a small home loan for $50,000 or less, and have been denied by regular lenders, there are some alternatives to consider.
You can go with a nontraditional home loan option. Instead of trying to get a mortgage, try to get a personal loan, instead. You can go with a secured loan from a major bank. Or, you may want to try high interest payday loans.
You can also try peer-to-peer lending, an online platform that matches borrowers and lenders using complex algorithms. Prosper and LendingClub are two P2P lending sites that typically get good user reviews and handle smaller loans.