Hello all, 

I'm in the process of searching for a duplex in Nashville, TN.  I've found a few properties so far, but am noticing that the majority in my price range (< $100k) are in need of mild repairs. I'm staying away from the obvious repair-intensive properties, but I'm expecting to put in a reasonable amount of work to fix one up. 

That being said, I don't have thousands to sink into repairs after the purchase. I've called a few local lenders in the area to ask about doing an FHA 203k rehab loan. The ones I've spoken to have told me they don't do those.

Are there any reputable lenders that finance MFRs using 203k loans?  Why are the lenders so hesitant to underwrite them?  

Thanks so much for the guidance!

-Mark