I created this guide to assist Realtors in undertanding the FHA 203(k) home improvement purchase mortgage which allows the buyer to renovate or improve the new home in any way they wish by rolling in the improvement costs right into their FHA purchase mortgage and have the repairs commence and conclude immediately after closing. This program is a true heaven sent and has salvaged a number of dead or dying property deals that came to a halt over property condition negotiations. Many REOs cant or wont pay for improvements! Enter the 203(k)!