Yes , you can buy a$ 240,000 house with a $100,000 down payment. All you have to do is find an owner that will hold a mortgage for you.
You find an owner that owns the house free and clear (that is not hard to do. 33% of the houses in America are free and clear) Ask the owner,"If I gave you $100,000 down ,would you hold a mortgage for $140,000 at 6% interest ?" Eight out of ten owners that own their property free and clear would say yes to that . Why would they not? Where are they going to get a six per cent return on their money in today's market. If they own a property free and clear , they are probably not living payday to payday. They probably have money in the bank paying them 1%. With a $100,000 down payment, they are not worried about your credit rating.
Yes you can buy a house with $100,000 down