FHA will offer programs from time to time to help investors fund properties they need to rehab. Check with a local mortgage broker to see if they have any lenders willing to participate in these FHA programs. Two examples of these loan programs are the FHA Title 1 loans and the FHA 203k loans.
FHA Title 1 loans of up to $25,000 are available to owner occupants and investors who want to repair or improve their property. Up to $15,000 can be obtained regardless of home value. And, if you need $5,000 or less, no security is necessary.