Finance for buying a Rehab Foreclosure - Which I will live in.

[Tyler Austin]

Hello BP!

I am throwing this out here because I am trying to see if somebody knows of an option I do not. 

I am looking a a place in Shalimar, Fl -- Right next to Fort Walton Beach, Niceville, and Destin. 

It is pretty run down, and I estimate 100,000 or so in rehab costs. The lot defiantly listed for way less square footage than it truly has, due to a garage bedroom conversion, a lot in the 2 car garage, and some other additions. If I get the prices I want. I will get it at 70 sqft. and After repair value is safely 135. Currently its listed as 1800 square feet, but I think it has closer to 2300-2500. 

Basically, traditional loans will not finance 100K in rehab costs. I know hard lending is an option, I am trying to have least down as possible. Initially I wanted to use my VA loan, but that wont work in this case.

Can anything offer any loan structure they may think would be worth looking into?