The FHA 203k Loan allows for the buyer to finance the cost of repairs needed on a property into their mortgage.  The repairs are done after closing so this is an advantage to the seller or bank that owns the property because they aren’t responsible for the repairs.  This is a great negotiating tool for the buyer who may be up against other offers which would require the seller/bank to do the repairs!  Are there any foreclosed properties out there in need of repair?  This is perfect for those REO properties that have missing appliances or plumbing and electrical repairs needed!