Financing rehab & garage for primary residence?

[Ivan Jouikov]

I'm interested in purhcasing a primary residence and I found an interesting deal:

http://www.redfin.com/WA/Kent/30616-152nd-Ave-SE-98042/home/380566

Lowest comps are easily $200k and bank's asking $90k.

The only way I would have this place as primary residence is if it's rehabbed and a garage is added. If that falls under $40k, I would gladly do it if I can get it financed.

I know I can get FHA 203k loan to finance the rehab, but what about building the garage? Is there any way I can get that financed into the mortgage? Or perhaps other creative ways?

If I come out with this place all done for $130k I think it'll be a great deal.