: In this scenario, the seller acts as the bank. You make monthly payments directly to them. Because there’s no traditional lender involved, credit and down payment requirements are entirely negotiable.
The most common way to skip a down payment is through government programs. While these are "no money down," they do have credit requirements. bad credit buy a house with no money down
: This allows you to move in now while a portion of your rent goes toward a future down payment. This gives you time to rebuild your credit before you actually have to apply for a mortgage. : In this scenario, the seller acts as the bank