I would not think so. Happy that you are purchasing this property....if it is in move in condition and has been renovated....Home path would not allow an extra $5,000 .....how would it be used or justified. Check with your real estate agent...and lender if you have additional questions or if I have mis-understood the question.
"The Real Estate Lady"
Oceanside Real Estate
(904) 732-PACK 732-7225
Probably not. Typically a lender will not lend more than a property's actual appraised value (assuming I understand your question correctly). Minimum you'd have to put towards rehab would be $5k (same goes for FHA203k) so if you don't NEED it, don't bother. Feel free to message me.
You can purchase a Fannie Mae Home Path property through me if you would like. I am Andrew Saltman at Bayway Mortgage Group 904.224.2337 ext 410. We will be able to waive the appraisal for you because we have lenders willing to do so for Fannie Mae Home Path. I would not recommend an FHA 203K loan for your renovations. I would recommend that you just do a straight up purchase and complete renovations using cash our credit cards. An FHA 203K loan adds a lot of additional fees that you will not be happy with.