Is there any way to get a mortgage on a fixer upper other than the 203k loan?My husband and I are looking at a home that needs some work. It had a roof leak that was fixed but resulted in some drywall damage that wasn't repaired and may have mold behind. There's peeling paint on the front porch and it was built in 1940. There are two outbuildings with questionable floors. We want to do the work ourselves. We'd like to finance the purchase price and pay for repairs out of savings. In the past, my husband and I fixed up a house and sold it for twice our investment, built another house ourselves, and he owned a lumber yard for 10 years and worked in construction for a handful of years but isn't a licensed contractor. We feel qualified to handle the repairs but are wondering if any bank will lend on it in its current condition. We aren't interested in the 203k loan since we want to do our own work and do have the cash reserves to cover the repair costs. Is it possible to get a conventional loan on a fixer upper? If the condition is a problem, can a deal be legally worked out where we do the repairs necessary for it to pass the appraisal/inspection prior to sale?August 20 2012 - Wytheville00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.