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

(click image for full size picture)
viridian condos fha loan approval

Condos for Sale in the Viridian

%%ds_Results|{"SearchSetupID":"99","directive.ResultsPerPage":"30","directive.SortOrders[0].Column":"Price","directive.SortOrders[0].Direction":"DESC","query.BathsMax":"","query.BathsMin":"","query.BedsMax":"","query.BedsMin":"","query.Cities":"","query.Communities":"","query.Counties":"","query.DaysOnMarketMax":"","query.DaysOnMarketMin":"","query.ImprovedSqFtMax":"","query.ImprovedSqFtMin":"","query.ListingStatuses":3,"query.LotSqFtMax":"","query.LotSqFtMin":"","query.PriceMax":"","query.PriceMin":"","query.PropertyTypes[0]":"831","query.SearchSetupID":"99","query.TractIdentifiers":"Viridian","query.YearBuiltMax":"","query.YearBuiltMin":"","query.ZipCodes":"","requester.AccountID":"1507307","requester.ApplicationProfile":"WordPressIdxModule","requester.ApplicationVersion":"5.5","requester.ClientIpAddress":"216.18.204.142","requester.ClientUserAgent":"Mozilla\/5.0 (compatible; Adsbot\/3.1)","requester.PaginationUseActivationPath":"true","requester.PluginVersion":"3.9.0","requester.RequesterUri":"http:\/\/granthammond.com","requester.SearchSetupID":"99","requester.UrlReferrer":"http:\/\/granthammond.com\/","requester.UtcRequestDate":"2020-08-20T02:48:45+00:00","responseDirective.IncludeLinkMetadata":"true","responseDirective.IncludeMetadata":"true","responseDirective.ListTabAlignment":"Left","responseDirective.ShortcodeResultsView":"","responseDirective.ShowLargerPhotos":"false","responseDirective.ViewNameSuffix":"shortcode","requester.Signature":"88e9ec63ab1c1ccbb65d4f791c76e64bf367ed07"}|ds_end%%