<prompt> Human: First: Thanks for reading the lengthy post and thank you for any advice. Please try to be understanding that we might not be in the best possible position but the smart advice of save up for another year then buy is not an option.Credit Score--My score: 826 Wifes: 780Debt--My debt: 17k new carWifes: 12k new carIncome--Mine: 50k pretaxWifes: 45kCash On Hand--Total: 6kLooking to buy a home 32 at the price of 160k-180k.1 Month till we get the boot from our rented townhome!Where we live in South Carolina the housing market has taken off to insane heights right when we need to buy. We have been renting a townhome for 6 years for 850m. We knew it would take time to buy a house in this market so we tried to get a head start and got pre-approved 3 months back at a local banknon CU:5.1APR Conv. Fixed. 3.5 down. 2500 to buy down to 4.6.We rolled with this preapproval for months .. lost 3 bids on houses. All bids were above asking price and agreeing to pay full closing costs. After the last one we lost out on, which we offered 6K above asking, I got frustrated with our realtorclient of my wife and she said its just the insane market right now for our price point160-180k and suggest we go through a different mortgage company. A company which can close in 15-20 days. Since the last two offers we got beat out by all cash offers. Since the the last two bids we lost to all cash offers, we figured going with a quicker lender would be an advantage.So we gave her recommended mortgage company a shot. Same amount we wanted 180,000K top. They approved us at a loan of 174,600 with a purchase price of 180k. 3 down payment. Although we could go higher if we wanted, which we dont want it.We have 1 Month to till we have to get out of our rented Townhome.Our landlord has said he will try to work with us if we havent found anything but they have already scheduled showings and have been asking if we have found anything yet. They know they can make another 2-300 off of their unit with a new rental family which I respect so .. The clock is ticking.So now that were up to date here is where we stand. Our issue is we planned to take out a personal loan for the down payment and possibly the closing costs of a total of about 10K. I have taken out a personal loan through my credit union in the past for her engagement ring and the APR was very low and paying it off ahead of time was perfect. Well.. we found out today its not allowed to open a personal loan to pay for the down payment and possibly closing as told to us by this new mortgage company. Instead they pointed us to a SC housing help which offers us a 10yr 6000 fixed 2 2nd mortgage as assistance. This is a new option to us.Another option for us which Im sure will get shot down is my 401k. I can pull 7K from it but of course come the penalties and I will have to pay it back coming out of my pay check as I understand.  <response>: Your option is to sign another lease and save some more money, or sell one of the vehicles. Leave the 401k alone and dont take out personal loans for down payment. 