Home owners and potential home buyers are faced with a number of issues including affordability of a new home that may need some repairs.  The Federal Housing Administration (FHA) provides loans  that include a low down payment and  mortgage  insurance on loans made by FHA approved lenders.  These loans are generally limited in amount. For a single family owner occupied home in Washtenaw County, the maximum loan amount is $345,000.  Should the home need repairs an FHA program called 203K Streamlined will permit repairs up to $35,000 that can be financed as part of the loan. Generally the home must be occupied once the transaction closes. The work must be completed within six months.  Not all banks participate in the program so some shopping is required.