There is also HomePath "Renovation" mortgage that will allow you to include upgrades into your mortgage, like granite counters, hardwood floors, new paint inside and out, new appliances, etc. Not many lenders do the HomePath Renovation mortgage but Regions Bank definitely does.
The best advantage with HomePath is you can buy a condo and only put down 3%. Most condos nowadays require at least 25% down to buy.
Here's a link to more info and the currently available properties owned by Fannie Mae that will allow you to get a HomePath mortgage:
All the best,
Feel free to contact me.
Iliana Ivanova P.A.
Broker/Associate - CDPE