It really depends on what you are trying to do. Are you an occupant buyer or an investor? Are you looking for a rehab loan or a regular loan? What kind of downpayment do you plan to make?
So many questions need to be asked before you move too much further. Your best option is to call an experienced Loan Officer (hopefully me), run your scenario past them, and have them offer you the best options for your situation.
Good luck in your endeavors. I hope it all works out for you.