The 203k loan program from HUD covers home renovation, home improvement and the rehab of a house and allows you to finance the repairs into the mortgage.

Whether it's a short sale, foreclosure or bank owned home, the 203k can help finance your dream of buying a house. This home mortgage loan is backed by the government, and has been around since the late 1970's.

The FHA program helps take care of communities with homes in deferred maintenance, in need of repair, or can be used if you just want some upgrades.