You've decided that the time is finally right for you to become a homeowner. You know you need to borrow money—a lot of money—to buy that house. So you put on your best "I'm responsible and know what I'm doing" outfit and head to the nearest bank.
A quick chat with their mortgage specialist reveals that there's no way a person with your down payment/job situation/credit score/income could get a mortgage. What's an aspiring homeowner to do?
There are several unconventional options available, and one of them might be right for your situation. Read my Investopedia article, 4 Alternatives to a Traditional Mortgage, to learn more about rent-to-own, borrowing from your whole life policy, taking advantage of self-directed IRAs, and arranging seller financing.