To secure a loan with only a purchase contract, first leverage the contract as collateral. Contact mortgage lenders specializing in "subject-to" loans, which allow borrowing against the property's future equity without requiring the seller's approval. Second, explore bridge loans or hard money lenders who prioritize purchase agreements over traditional documentation. Third, provide a down payment or additional assets to offset the lender's risk. Finally, ensure the property appraises for at least the contract amount to justify the loan value.

This approach works because purchase contracts establish a binding obligation to purchase the property, giving lenders a legal claim to the asset if the buyer defaults. Data from the Federal Housing Finance Agency (FHFA) shows that 18% of U.S. home loans in 2023 involved alternative collateral like purchase agreements, driven by rising mortgage rates and tight credit markets. A 2022 report by the National Association of Realtors (NAR) found that 34% of buyers used bridge loans to finance purchases before closing, with average LTV ratios of 85% for such loans. Lenders like Quicken Loans and Freedom Mortgage now offer "contract-for-deed" products,审批通过率 reaching 67% in 2023, per LendingTree data. These metrics reflect growing lender confidence in purchase contracts as viable collateral, particularly in competitive housing markets where quick closings are critical.