text: If you get a personal loan for the amount of your down-payment, many mortgage lenders will not like that. They want you to have good credit and some type of savings. even if you get a down payment from something like inheritance or as a gift, you may need to show where the money came from before you can get a mortgage. I know it sucks, but your best bet is to try to repair your credit, and save money, THEN buy a home.