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Can I finance repairs on a new home purchase?

Renting a house that needs major bathroom renovation and some other land improvements (driveway needs paved).   I want to buy the house, but the owner will not fix the bathroom.  Can I include the cost of repairs/improvement in the mortgage?
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September 17 2012 - Plum
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The FHA 203K is your best bit, as long as you are buying the home as a principal residence.
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September 18 2012
In some loan programs you can. You need to look into the FHA 203K loan program also called a hehab loan or renovation loan. There are many hoops to jump through to make it work, but it's the only loan that does what you are asking.

Tim
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September 17 2012
 
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