According to real estate agents, now is a good time to buy a home. Home values and interest rates are low enough that just about anyone can afford to invest in a home these days. Unfortunately, many people are still struggling to recover from the broken economy. They want to buy a home but must figure out how to finance a home without own money first.

Depending on your credit score, lenders will require anywhere from 20-35% of the loan amount before they will consider approving your loan. If you live paycheck to paycheck or you had to dig into your savings to ride out the recession, you may not have enough money to put down the required down payment. There are a number of ways around this.

Borrowing the money from friends or relatives is always an option. Ask around you social network and see if anyone has the money to loan you. If need be, offer them a nice interest rate to encourage them to give you the money.

If there is no one in your social network who is able to loan you the money, getting a loan for the down payment is an option. Applying for personal signature loan from the bank is a good idea especially if your credit is good. For people with less than perfect credit, you may need to get a collateralized loan putting up a vehicle, jewelry or other valuables as security for the loan.

You can turn to the seller for help purchasing their piece of real estate. If the bank will loan you most of the money for the house, you can negotiate with the seller to see if they will let you pay the remaining amount over time. For example, if the bank will only pay $250,000 of a $300,000 house, ask the seller if they are willing to take payments on the remaining $50,000 for next 3-5 years or so.

If you are a veteran, you may qualify for a veteran’s loan which does not require a down payment. Outside of that, you can research other government programs which may assist you in securing the necessary money to purchase a home. Other options include looking into the private sector for contests, grant programs, or sweepstakes that you can tap into to win the money.

These are just a few suggestions on how to finance a home without own money. If you think on it hard enough, you could probably come up with a few more. Be persistent and you’ll achieve your goal.