<prompt> Human: IM require to have 5 down but I just dont have the money and the house is being sold to me by my grandmother in June. I have a little debt to cover before I buy it as well.Is there a way to get a mortgage approved then apply for a loan for the 5? Or any other way around this?IM renting right now so its harder to pay off and save all at once and if I dont have it by then it goes to my aunt  <response>: I would advise against it. IMO, you may be getting in over your head. You will have to pay back both loans simultaneously, and the loan for the 5 down payment, plus closing costs and escrows will be at a higher rate, AND will be considered in the course of approving the mortgage. If you put down less than 20, you will likely be required to have additional insurance, until your equity reaches 20. You will as I understand it be unable to take a tax deduction for the interest.You will probably be unhappy with grandmas taste in carpet, linoleum, cabinets, paint, and window coverings, and changing those things takes money. And your furniture may not work in the new space. There will be unexpected repairs and other bills. Please consider all of these factors. You may find that you can not get financing at this time. If that should happen, do not be discouraged. Save for a down payment, and buy a home you can afford. 