Down Payment Sources

[Patrick Lorang]

Can anyone suggest creative ways to come up with down payment money, required for a hard money deal?

Specifically, I need to quickly come up with $9,000 for a down payment, in order to fund a purchase through the hard money lender I'd like to work with. Aside from a motor home I'm trying to sell (which will only yield about half the needed funds, at best), all I can see as another option is to obtain a line of credit. Borrowed funds may be acceptable to the HM lender; that's not totally clear, at this point.

I have good credit (FICO in the mid-700 range). Is there a lender who'd issue a signature-loan type LOC, based just on my credit worthiness? Who would I approach for this LOC? (I haven't enough equity in my current home to do a HELOC.) Years ago, I obtained a LOC (for I think $10K) out of the blue, with I bank I had no previous relationship with, or any collateral on the table. Are there lenders still out there like this?

Any direction regarding creatively coming-up with down payment funds, in short order, would be appreciated!