Loan information needed

[Kari East]

My brother and I are looking to move out of our parents house, I've been trying really hard to get everything figured out and all the numbers and estimates on paper to see if this is possible yet. I was hoping we could something like a large personal loan (87k max) so we could buy a condo and a car with an extra thousand, if possible as an emergency cushion of sorts. I know we're young and probably really naive but that's why I'm trying to get as much information as possible before we do anything. We talked to a lady at the bank (I forgot what her title was but she was supposed to be an expert on the topic). She was pretty condescending but told us we had to get two separate loans and that there was no way to do it with a single loan (which I'm thinking would mean less interest overall?). She also told us that if we did get a mortgage and an auto loan we would still have to put something down. My next question is, if we get a loan for the total amount of the car and condo, why do we need a down payment? Can't we use the loan to pay them off then spend the next however long to pay off the loan? Also if we went with a secured loan (this probably sounds stupid but) could we use the condo and the car to secure it? Sorry obviously I'm pretty lost, and could really use any and all information you guys could give me. Just please don't be condescending about it. Thanks in advance.