Where Does the Money Come From for Mortgage Loans?
When someone wanted a home loan they walked downtown to the neighborhood savings and loan.
The No-Cost Thirty Year Fixed Rate Mortgage
All a no-cost loan means is that there is no cost to you, the borrower.
Land Contract
An alternative to a non-conforming loan is the use of a land contract, which is allowed in some states.
The Biweekly Mortgage - Who Needs It?
The equivalent would be making thirteen mortgage payments a year instead of twelve.