are FHA loans still available for fixer uppers?

FHA still does an FHA 203K and an FHA 203B. I believe a 203B is for under 5K and actually is tougher to get. A 203K is for over 5K if I remember correct. The loan usually has a little more fees and a higher rate but is a good loan. You will need to get a contractor to do an estimate to submit to the lender and the money is actually put into escrow at closing. You actually have to do the work first so if you have to finance it on a credit card or something you will have to do that. FHA will give you a certain amt of time to finish the repairs then they will send an inspector out to make sure you have done the work before releasing the money back to you. If you do not do the work in the alloted time the lender can ask for the loan to be paid in full for non compliance. FYI