Financing options: plenty of cash but income issues

[Sharon D.]

I found a FSBO and am preparing to make an offer. Asking price is $65k and I have $40-45k cash available to put into it. Question is, how do I finance this?

I would love to put 50% down and get a 10 year mortgage for the rest.  That would give me low monthly payments while leaving me plenty of reserves.  But would a bank be willing to loan so little? 

Other options might include: getting an unsecured personal loan to cover the $20k, persuading a friend or family member to loan me the money, or cobbling together the money from random sources like credit card convenience checks and maybe a Lending Club loan.

Problem is, while my credit is good and I have a decent amount of cash to work with, my income is low-ish and comes from four (!) different sources: part-time job, self-employment income, child support, etc.  (All are verifiable.)  Furthermore, at the end of the month I am quitting my highest-paying part time job and starting a new one.  This will boost my income quite a bit, but I understand that switching jobs is a bad idea when you're trying to get a loan.

What would you suggest?  I would like to have a plan before I submit an offer.

p.s. I'm planning to occupy the house myself.  As far as I can tell, it's in good enough condition to qualify for conventional financing.

[Charlie Fitzgerald]

See if the owner will carry the difference for 12 months while you get your new job under your belt and you can refinance the seller carry and pay them the balance then.