 TITLE: Can You Buy a House With a Personal Loan? CONTENT: If you're buying a standard single-family home, getting a mortgage is your best bet. Personal loans typically have much shorter repayment terms and higher interest rates than mortgage loans, making them a poor choice in that situation.\nHowever, if you're planning to purchase a very small home or mobile home, where the cost is much lower, a personal loan may be a decent option. In fact, it can be difficult to find a traditional mortgage lender who will lend you money to finance a tiny house or a mobile home.\nSome lenders market personal loans specifically for use with a very small house or mobile home. If you go this route, however, keep in mind that it will be considered a cash offer. This means that you won't be using the home as collateral for the loan, and the seller may be more willing to choose you because the sale isn't contingent on a mortgage process. END