If this is a property that you plan to live in, or if you're a first time buyer, you can put down much less money, and a 203k loan is definitely an option. I have access to several mortgage brokers/bankers who are experts in their field and can get you preapproved within 24 hours.
I specialize in the South Shore of MA (Quincy to Plymouth and surrounding towns), and would be happy to help you. I deal with foreclosures and rehab properties on a regular basis. The south shore of MA has some great towns and great deals. If you're interested, feel free to e-mail me at firstname.lastname@example.org or call me at 508-317-5729
I work with a very well respected mortgage broker over at Wells Fargo. Between the two of us we could set you up with a mortgage and find out what you can afford. Once we have a price range we can search together for the right home at the best value.
Call anytime I would be happy to help in all areas. Please refer to my web site for properties and details on how to contact me.
You can also check out my website for helpful buying tips and other resources for investors like yourself.
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors