Financing a Northeast Florida fixer-upper home is becoming more and more interesting. There are many great opportunities today for North Florida homebuyers who enjoy the challenge of buying a fixer-upper home.  If you are interested in purchasing a North Florida home requiring fixing up, there are some loan programs available to help you out. The U.S. Department of Housing and Urban Development’s Section 203(K) loan program designed to assist people with major structural problems on houses with one to four units that are over one year old. The investor must put at least 15 percent down on the loan, and must spent over $5,000 on improvements. A section 203(K) loan typically involves the purchase of a fixer-upper and as is property with the goal to restore the home. In order to get one of these loans, there are two appraisals required. Also, the plans and specifications of the projected work must be given to an architect to review and estimate the cost. There are special loan programs for a fixer-upper house.