In response to the answer posted by Allen Bauman...........
Allen, you stated "Even with the FHA 203k loan you can only get $35,000 for repairs." This maximum limit is only true for the FHA 203(k) Streamline, but the FHA 203(k) Standard/Rehab does not have a maximum repair amount, except for the maximum mortgage limit for the area where the property is located. So, the maximum mortgage limit for Elmont, NY Nassau County is $729,750 for a single family dwelling and up to $1,403,400 for a 4-unit dwelling. So, while the FHA 203(k) Streamline does has a limit of $35,000 for repairs/improvements, the FHA 203(k) Standard/Rehab has no maximum repair limit, except for the maximum mortgage limit for the area.
Contractor Directory for the FHA 203(k) loan program