houses that don't qualify for government loans

[John Currey]

So for several houses I've looked at that need work I'll ask the realtor and they will say "can you buy it in cash?"  when I say no they will respond that I will need cash, or a 20% down payment for the loan. Is this really the case? 

[Muhammad Patel]

Quote from @John Currey:

So for several houses I've looked at that need work I'll ask the realtor and they will say "can you buy it in cash?"  when I say no they will respond that I will need cash, or a 20% down payment for the loan. Is this really the case? 

No. It depends what is your intent. If you want to buy for primary residence then you can use Homestyle loan for conventional or 203k for FHA. For investment purposes it is a different story. You can get a fix and flip loan and then transition into a DSCR loan. Yes in the investment scenerio you will need more down payment.