Usually ; you don't risk losing the home if you default.
Most lenders using a personal loan for a down payment because it increases your Debt-to-Income (DTI) ratio , making you a higher-risk borrower. Will getting a personal loan affect getting a mortgage? can you buy a house with a personal loan
Many traditional lenders won't issue mortgages for properties under a certain price point (e.g., $100,000) or for homes that aren't permanently attached to land. Usually ; you don't risk losing the home if you default
Interest and property taxes may offer deductions in some regions. Using a Personal Loan for a Down Payment can you buy a house with a personal loan