My answer below is accurate based on your specific question. I'm a direct lender based in Huntington Beach who works for the largest direct lender brokerage in the U.S. We have over 40 different investors. Up until two weeks ago it was still possible to obtain a loan with no income documenation from only one investor in the country, but they withdrew their stated income loan as well. I know that it's extremely frustrating for someone with excellent credit who is willing to put down 50% on a home purchase and still find you can't get traditional financing, but the current mortgage meltdown has caused the pendulum to swing way too far to the conservative side. Feel free to check around, but everyone needs to understand that this is currently the way it is. You could obtain a private money loan with as little as 30 to 40% down, but the interest rate associated with it will be very high and the fees to obtain the loan will be costly as well. I would suggest finding a motivated seller who is willing to finance the loan. With a 50% down payment I am confident that you could find a seller willing to finance the other 50% for a rate comparable to what is available from traditional banks, and considering how low current CD and money market rates are, you could probably get a rate even more favorable than what banks are offering. Best of luck - feel free to contact me with any more questions.