Creative Ways to Buy a House

If your income and savings are making the purchase of a home a challenge then:

• Get help from your family. If you feel strange asking for help, when your birthday comes around...ask for a donation toward your downpayment. That way it won't feel as uncomfortable. Also, they could lend or even co-sign with you on your mortgage. Many times, lenders prefer a person to co-sign with you if you have little credit history.
• Get the seller of the home to provide financing. Many Sellers agree to this and you could pay them back as you would with a mortgage.
• Consider a lease with an option to buy. You could rent the home for a time, so that you could save for the downpayment. Also, many times the seller will agree to put the rent money towards the purchase price!