It sounds from your post like you're approved for an FHA loan. Did you get approved for a 203k loan or just a normal FHA loan (203b)?
The reason I ask is that when you use regular FHA financing the property must meet minimum FHA property standards. In a lot of cases, homes that need "TLC" might not qualify for normal FHA financing if there are repairs required.
This may be something you want to speak with your lender about before going out to look at homes. It's much easier to address these issues sooner than later once you have money tied up into a purchase
Best of luck!
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