<prompt> Human: Following up to a post I made earlier this week. I am currently under contract to purchase a home for 50,000. First time homebuyer, 22 years old, engineer. I assumed the process would be very easy, but it is proving to be more difficult than I imagined.Me: 40k cash savings 25k Roth IRA 6k 401k 65kyr salary Vehicle: 2012 Ford Focus Paid 21,830, estimated worth 13,979Basically, I need to get 50,000 together to close by August 15 or I lose the house.I applied to local banks, national banks, and even some online mortgage brokers for a 30,000 mortgage. I have been declined from all the banks I applied to. I am considering less conventional alternatives to enable a cash buy.Family: This is probably the most easy route, however none of my family can float me 20k. I could perhaps borrow 5k from relatives, but nothing more.Personal loan: I would need to secure a personal loan for around 20,000 to feel comfortable draining my savings for the purchase. From what Ive read, this seems to be unlikely to be approved based upon just my signature as a guarantee.Car: Perhaps a less conventional alternative. The thought crossed my mind of selling my paid off Focus and using that cash for the purchase. I would then lease a Fiesta or other reasonably cheap vehicle. In this case, my monthly payment is on my vehicle rather than on my house. I would take a significant depreciation hit selling my car at only two and a half years old, so this seems unattractive. I would get approximately 14k after paying almost 22 for the vehicle. Thats 8k for just two and a half years.Is there a more reasonable option? I have struggled to find small mortgage lenders and to find large personal loan lenders. It seems like in this situation Im stuck in a no-mans land between the two types of loans.Assistant: You could always get a higher mortgage and just make sure that there is no penalty for paying it off early. As long as the house appraises for the amount of the loan or more, the bank shouldnt have a problem with it.Something else you might look into, I noticed that you didnt mention trying any credit unions. They tend to have more of a common sense approach to things which is handy for situations like this. I would advise against selling the car, if nothing else you should be able to get a loan using the car as collateral then ask your family to help you make up the difference.Human: Even if the appraised value is higher than the selling price? The house is valued by the state at 72,750 based on the taxes, and that seems to be a reasonable price given the rest of the neighborhood. The price that I have agreed on is 50,000. Can I request a mortgage for more that I would purchase the house for? I was unaware that was possible.  <response>: I think what they meant it finance more of the cost instead of just 30k. So see if theyll do 40 or 50 and then just immediately pay down your principle with the money that would have been a down payment. 