You may have lost a lot of savings and credit-worthiness during the coronavirus pandemic. Perhaps your savings and credit score were on the low side even before the pandemic.
Either way, purchase-money mortgages are largely utilized by potential home buyers who do not have enough money in the bank for a traditional down payment on a home. And by folks who have bad credit and are unable to get approved for a mortgage through a bank or other lender.
Unlike traditional bank mortgages, purchase-money mortgages come with mostly non-negotiable and quite high-interest rates.