Trying to use 203k loan when bank will not allow.

[Sean B.]

Hello,
I currently have an accepted contract on a forclosure that needs a little work. In order to do this deal I need to close with a loan that has a construction component to it. The seller will not accept any sort of FHA loan opting only for cash or conventional. I decided to go the conventional route and hooked up a Fannie Mae loan (homestyle renovation loan). The problem with this one is that it is really hard to get! I was wondering about different ways of being able to convert this deal into FHA. Maybe using transactional finding to close the a to b and then use the 203k to close the b to c. I am looking for some sort of creative way to get this deal done. I have great credit (720) and great income that is hard to verify due to the source.