No bank qualifying. Owner financing or rent to own.

Conventional financing and FHA loans for home purchase requires you to qualify with a bank, owner financing and rent own does not.

You can buy your dream home without qualifying at a bank to get a loan. In current real estate market, there are plenty homes with owner financing or rent to own programs. You have to be creative and look for these options. They are out there.

If you hire a real estate agent, most likely he or she will not be looking for these type of deals. Like an unwritten rule, the real estate agent gets paid by the seller, when they sell the home. In a most common scenario, buyer gets a loan from a bank, pays the seller and the seller pays a percentage to the real estate agent. So in the end the seller gets a little less money.

In the case of owner financing for example, the seller acts like a bank and loans money to the buyer. If there is a real estate agent, this means that the seller has to pay the real estate agent too. So in the end the seller has to pay the buyer and the real estate agent. That is not a likely scenario, since owner financing and rent to own homes attract quite a big pool of buyers and sellers more gladly sell to buyer who contact them directly, without paying 6% to the real estate agent.

So to buy your dream home without bank qualifying you have to:

• search for homes yourself without real estate agent
• ask the sellers about owner financing or rent to own programs
• save up $5,000-$10,000 for a down payment, moving and other expenses

Good sources to find owner financing and rent to own homes are: craigslist, google, local real estate investor's association website.