I see from the original post that you started looking for a house and got aggravated so you switched to looking at boats to live on.I think it may be best for you to reconsider going back to house hunting.I see you're a handyman from looking at your profile.My reasoning is this-there are no deductions for taxes ,interest on boat loans,also being a handyman you have an advantage,you can get a fixer upper and use a 203b loan to fix it up.Thats an FHA loan with minimal down,then its like a construction loan from there.There are plenty of other ways to go about finding a home.Small banks usually sell their repos themselves.Call around, ask for REO departments in the banks,a lot of times they will finance them for you.Older FHA loans and VA loans are assumable.I've talked to small banks that had loans that weren't assumable and they allowed me to take over loans that were in default.I've been in Real Estate for 28 years and one thing I learned is you have to knock on more than one door for financing.There are plenty of oppurtunites especially if you can do work yourself.I,m not trying to talk you out of the boat deal,but just give you some other options.