I have a whole chapter on FHA 203k loans in my book Your Guide to Buying Your First Home in Delaware.
which you can find at http://budurl.com/DelawareFTHBBook
John R. Thomas
Certified Mortgage Planner
Certified Rehab Loan Specialist
Primary Residential Mortgage, Inc.
42 Reads Way
New Castle, DE 19720
302-703-0727 DE Office
302- 588 - 3665 Cell
You can look into a 203K loan. Here's a link to everything you wanted to know about it:
If you are interested in locating lenders who do these types of loans, give me a call at (302) 540-5373.