Viridian Condos Finally Gain FHA Approval

Best Condos for Sale in BrentwoodThe Viridian has taken a critical step towards reestablishing itself as a premier condo development in Nashville, it has gained FHA approval from HUD. While FHA loan approval may not sound like it is that big of a deal, it is. It is a huge deal. In fact, it is the single most important factor in any condo building’s modern day success.

Since the collapse of conventional lending in the condominium sector 3 years ago more than 80% of all new purchase loans for downtown Nashville condos have been underwritten by FHA. Additionally, FHA loans only require a 3.5% downpayment giving more young professionals an opportunity to purchase a condo in our vibrant downtown district. Finally, virtually all banks and lending institutions utilize FHA backed loans, giving condo buyers the ability to stay with their preferred lending source.

As a result of the Viridian gaining FHA approval, I have upgraded this building to a moderate buy rating. One must still use care when choosing a condo within this building, but it is now a viable option.

FHA Approval for the Viridian in Nashville

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viridian condos fha loan approval

Condos for Sale in the Viridian

  1. 2 beds, 2 baths
    Home size: 1,465 sq ft
    Listed with EXP Realty
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  2. 1 bed, 1 bath
    Home size: 824 sq ft
    Listed with PARKS
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  3. 1 bed, 1 bath
    Home size: 732 sq ft
    Listed with Benchmark Realty, LLC
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  4. 1 bed, 1 bath
    Home size: 648 sq ft
    Listed with VILLAGE
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  5. 1 bed, 2 baths
    Home size: 648 sq ft
    Listed with Realty Trust Residential, LLC
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  6. 1 bed, 1 bath
    Home size: 634 sq ft
    Listed with Brokers Cooperative
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See all Real estate in the Viridian tract.
(all data current as of 11/18/2018)

Listing information deemed reliable but not guaranteed. Read full disclaimer.