Questions about mortgages with 10% down in NY?

[Salvatore F.]

Hey, im currently looking to flip a house here on Long Island, New York. Im currently looking at a house for $160k with about $15k repairs and about $240-250k ARV. I have about $40k cash in hand. Great credit. Great income. My only concern is i want to use the $40k i have for the down payment and the repairs (I will use income for holding costs if necessary). If i put down 20% on mortgage I wont have enough for repairs. What are my options? Can i get a mortgage for 10% down? Any help will be greatly appreciated!