If buying a foreclosure property appeals to you because of the low price but you don't have the money to fix it up to move into it, consider the FHA Streamlined 203K loan. The loan allows you to finance improvements/upgrades up to $35,000 into the mortgage loan. It can be used for roofs, air conditioning and/or heating systems, window and door replacement, painting, flooring, appliances, electrical and more. As with all FHA loans, it has to be owner occupied. You cannot receive cash back but if there are funds not used, it would be applied to the principle mortgage balance. If this is a program that interests you, give us a call or email us!