Come visit us at our Open House for this 3 Bedroom / 2 Bath home Wilton Manors. Home features a gas fireplace, sunroom, an oversized 2 car garage w/laundry room. & workshop, and a circular drive! There is also a concrete barrel tile roof, new appliances including washer & dryer, and new paint & flooring. All this on an oversized 10,000+ sq. ft. lot with a front patio & a large wood deck facing the HUGE private back yard w/storage shed. Plenty of room for a large pool and additions. A good house on a great lot in a very desirable location. *Great layout for home office or income from extra room w/bath rental.
FHA requires a borrower to have at least a 500 credit score with a 10% down payment. If a borrower has a minimum 580 credit score the FHA will insure the loan with a 3.5% down payment.
In an effort to promote affordable and sustainable homeownership, especially among credit-worthy first-time buyers, the Federal Housing Administration (FHA) today published a long-awaited final regulation, and policy implementation guidance, which establish a new condominium approval process.
Designed to be flexible and responsive to market conditions, FHA’s new condo rule and the new Condominium Project Approval section of the Single Family Housing Policy Handbook, provide a comprehensive revision to FHA condominium project approval policy. In particular, the new policy will allow certain individual condominium units to be eligible for FHA mortgage insurance even if the condominium project is not FHA approved. The polices become effective October 15, 2019. Read FHA’s new condominium approval regulation.
As of October 15, FHA will insure mortgages for selected condominium units in projects that are not currently approved. An individual unit may be eligible for Single-Unit Approval under the following conditions:
The individual condominium unit is located in a completed project that is not approved;
For condominium projects with 10 or more units, no more than 10 percent of individual condo units can be FHA-insured; and projects with fewer than 10 units may have no more than two FHA-insured units.
TOP FLOOR UNIT in centrally located East Side GATED COMMUNITY RIVER SHORES. 1/1 Condo Unit has been freshly painted with tile floors in the living, kitchen and bedroom area. Upgraded kitchen, Stainless Steel Appliances.