How to Borrow Funds for a Down Payment for a Home. You can borrow the money for the down payment of a home, but be careful - lenders always want to know where the money comes from.
Things You'll Need
- Personal Organizers
- Personal Financial Software
Borrow money from a pension or retirement fund.
Ask a friend or family member to loan you the money. Make it a personal loan not to be secured by any future property owned. Be prepared to show the lender documentation of the source of this money.
Borrow money against other property you own. If you have rental property or even a vehicle, you may be able to get a personal or secured loan.
Find an investor or co-signer to purchase property with you. This will give you access to your co-signer's money as well as yours. (Remember that you are not only using your co-signer's money, but his or her credit as well, so choose your partner wisely.)