A home for sale "as is" often means repairs will be necessary. Don't write these properties off, the work may not be as bad as you expect, especially if you are the handy type. But approach them carefully, and get a thorough home inspection.
The Federal Housing Administration works to make homeownership a possibility for more Americans. With the FHA, you don’t need perfect credit or a high-paying job to qualify for a loan. The FHA also makes loans more accessible by requiring smaller down payments than conventional loans. In fact, an FHA down payment could be as little as a few months’ rent. And your monthly payments may not be much more than rent.