The new condo that took over the lot at 2280 Frederick Douglass Boulevard has been approved by the Federal Housing Administration’s mortgage program. The 12-story new construction condominium development in Harlem will now allow qualified buyers to purchase a new home with a down payment between 5 and 10%. 2280 FDB is among several FHA-approved developments in New York City, and qualified buyers will benefit from a low fixed rate mortgage guaranteed by the FHA. Benefits of FHA-backed loans include low-down payments, easier qualification, down payments that can be gifted to the borrower, lower closing costs and interest rates than those with a conventional mortgage, and protection against foreclosure. Currently the development is 34% sold, and this should help get it over the desired 50% mark. 2280 FDB is between West 122nd and 123rd Street with the nearest subway at the A,B,C,D station on 125th Street. Photo by Ulysses. www2280FDB.com
Thursday, February 4, 2010
☞ INTRODUCING: 2280 FDB Gets FHA Approval
The new condo that took over the lot at 2280 Frederick Douglass Boulevard has been approved by the Federal Housing Administration’s mortgage program. The 12-story new construction condominium development in Harlem will now allow qualified buyers to purchase a new home with a down payment between 5 and 10%. 2280 FDB is among several FHA-approved developments in New York City, and qualified buyers will benefit from a low fixed rate mortgage guaranteed by the FHA. Benefits of FHA-backed loans include low-down payments, easier qualification, down payments that can be gifted to the borrower, lower closing costs and interest rates than those with a conventional mortgage, and protection against foreclosure. Currently the development is 34% sold, and this should help get it over the desired 50% mark. 2280 FDB is between West 122nd and 123rd Street with the nearest subway at the A,B,C,D station on 125th Street. Photo by Ulysses. www2280FDB.com
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment