Foreclosure Financing Question

[Zachary Miller]

Hey everyone, I am hoping that someone here may have some insight. I have been looking to purchase my first home recently (to be used for house hacking) and I saw a foreclosure come on the market that is exactly what I am looking for and seems to be at a good price (according to my Realtor at least). Since it is a foreclosure it is being sold "as is."

When looking at the property it appears that the roof leaked in one spot which caused some damage to the drywall on the top floor. The water created a hole in the drywall in one spot of the ceiling no more than 10 inches at the largest point. The damage appears to be caused by a gutter being damaged and then neglected while the house was vacant. I liked the house, so I reached out to my credit union.

The woman who I talked to regarding the mortgage seemed to think that they would not be able to finance the home since they are only able to finance "livable" homes and they were unable to pay for the repairs. My Realtor estimated that he thinks that I could get the roof repaired for under $2000. I should be able to cover that after paying closing costs and everything, but the woman who I talked to said that the appraiser might state that the roof needs to be repaired before settlement. She then seemed to imply that they would be unable to finance the home if that were the case.

Can anyone here provide me with some advice or their experiences in similar situations?

TL;DR I like a foreclosure, the roof leaks, credit union doesn't seem excited to finance it, ideas?