Looking back two years, I had a post inspired by Ken Cook regarding FHA 203k mortgages.  If you aren’t familiar with the FHA 203k, it is a loan product that allows the borrower to make improvements or renovations on the property as part of the original mortgage.

Let’s say you find a home with a VERY outdated kitchen, it needs new flooring or some other issue… the house is great, but there is a “but”.  the FHA 203k is the way to solve the issue…

And Tuesday, Ken wrote a post about a new product that his company is rolling out that allows buyers to finish incomplete homes.  There are a lot of builders that went bankrupt or had incomplete homes taken back by the banks.  They have been VERY hard to buy.

So, here is the post from two years ago…  Cool House, not so Cool Garage…

And here is the post from Ken yesterday…  Big news for banks holding unfinished construction

Enjoy…