How much money do you need when trying to get FHA203 Pre-approved

[Joshua R.]

I am in the process of purchasing my first investment property. I am setting up meetings with a few different FHA Consultants to discuss pre-approval for an FHA 203(k) streamline. The loan is for 200,000.00. How much money should be available when trying to get pre-approved? Should I have just the down payment ready, or the down payment+closing costs, or a certain percentage of the entire loan? Please any insight or experiences that can shed some light to this question will be greatly appreciated. Thank you in advance!