There are also private lenders out there. They finance based on value or property and current situation. May have to pay a point or so higher, however they also don't have the closing cost and insurance requirements.
Go out and look for" Hard Money" (It' a misnomer), or "Private Mortgage Financing".
In todays market it will be from 6-10% offerings. Don't take the 8-10% ones. Keep shopping.
Right now I'm making my mom 6.5% on 160K or her money. Secured by a house. It was her the homeowners house after a divorce. She had a nuclear bomb for a divorce and was at 570ish when she started. Made good money and the divorce was behind her. It would have taken her 3-4 years to be mortgage worthy She has been perfect in payments. It has been a mutually good arrangement. If she re-finances out of this loan, I will do it again in a minute.