You will almost never be able to use a personal loan for a down payment on a house. shawn proper, senior vice president of mortgage and consumer lending at Mars Bank, explains why. "One of the things we are required to do as a part of the underwriting process is verify outstanding debt and credit inquiries from the past three, six or 12 months," Proper says.
Can You Get An Fha Construction Loan All FHA products have the same requirement, but lenders can place additional guidelines on these loans. The FHA One-Time Close Loan is a secure, government-backed mortgage program for.