The 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
Condos for Sale in the Viridian
$639,000 : 415 Church St Apt 2101, Nashville2 beds, 2 bathsListed with EXP Realty
$399,900 : 415 Church Street #1302, Nashville1 bed, 1 bathListed with PARKS
$319,900 : 415 Church St Apt 1504, Nashville1 bed, 1 bathListed with Benchmark Realty, LLC
$298,999 : 415 Church Street #2607, Nashville1 bed, 1 bathListed with VILLAGE
$284,000 : 415 Church Street, Nashville1 bed, 2 bathsListed with Realty Trust Residential, LLC
$275,000 : 415 Church St, Nashville1 bed, 1 bathListed with Brokers Cooperative
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.