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Tag Archives: condo

New Rules and Policies Open up Condo Market to More FHA Financing

Davidson Landing Waterfront Condos

Have you considered purchasing a condominium unit but were scared off when someone warned you that obtaining a mortgage loan could be difficult?  It seems like most real estate professionals have war stories about seemingly qualified buyers being unable to obtain financing to buy a residential condo unit.  There is good news for you, in the 4th quarter of 2019, the Federal Housing Agency (FHA) instituted new rules and policies to open up the residential condominium market to more FHA insured financing.

FHA is now permitting approval of individual residential condominium units in non-qualified condominium projects.  Previously the entire condominium project had to be approved in order for a buyer to obtain an FHA insured mortgage loan to buy a unit in the condominium project.  In practice, only the larger condominium projects were obtaining this condominium development-wide approval, leaving buyers unable to obtain FHA insured financing on the vast majority of the condominium projects.  While non-approved condominium projects have limits to the number of units which may have FHA insured financing, today even units in the smallest condominium projects may be eligible for FHA insured financing.

Additionally, FHA has loosened the eligibility requirements for mixed-use condominium projects; meaning condominium projects that include both residential and commercial units.  For us in the Pittsburgh market, we see the number of buildings Downtown, in the Strip District and East Liberty being built or converted into these mixed-use condominium projects.  The broadening of FHA eligibility for these type of projects is allowing those first time home-buyers and Millennials to obtain FHA insured financing to buy condominium units in areas and in projects where they want to live. Now is the time, don’t limit your wish list and settle for a property because FHA insured financing is not available.  FHA has heard the calls of the market and have taken good reasonable steps to assist you in financing your dream home, even if that “dream home” is a unit in a condominium.

Contact a Lake Norman real estate agent to get started on your Lake Norman condo search: 704-907-7907

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Tucker Arensberg, P.C. 2020 | Attorney Advertising

Cornelius Condos With Boat Slips

Cornelius Condos With Boat Slips

Cornelius Condos with Boat Slips

The properties listed for sale below are Cornelius condos in Lake Norman communities that have Lake Norman boat slips for lease or Lake Norman boat slips deeded to the property. We have also included several Cornelius condos that are located right next door to a Lake Norman marina that offers leased boat slips on Lake Norman. This page is updated daily with new Cornelius condo listings and price changes on Cornelius condos.

If you would like to receive automatic email alerts from the MLS with new Cornelius condo listings and price changes on Cornelius boat slip condos please visit our Condo Listing Alert page to sign up. If you have questions regarding boat slips or condos on Lake Norman please contact us.

Harborgate,silver Quay,villages At Harborside,windrose,windward,admirals Quarters,schooner Bay,harborside,harborside Townhomes,baybridge,lakeridge,arbors,bayview,shelter Cove,the Arbors,the Moorings,tuscany Townes Condos

Listings 1 - 20 of 23   next

Price: $900,000
18349 Harborside Drive, Cornelius, NC 28031
Complex: Harborside Townhomes
4 BR, 3.1 BA, 2475 sqft
Allen Tate Lake Norman | MLS # 4105771 | Contract
Price: $849,000
18529 Harborside Drive, Cornelius, NC 28031
Subdivision: Harborside
3 BR, 2 BA, 1375 sqft
K.M.D. Realty Inc. | MLS # 4085672 | Active
Price: $849,000
18641 Harborside Drive, Cornelius, NC 28031
Complex: Villages at Harborside
3 BR, 2 BA, 1375 sqft
K.M.D. Realty Inc. | MLS # 4092221 | Active
Price: $749,000
18513 Harborside Drive, Cornelius, NC 28031
Complex: Harborside
3 BR, 2 BA, 1444 sqft
Allen Tate Lake Norman | MLS # 4108294 | Contract
Price: $465,000
18816 Nautical Drive, Cornelius, NC 28031
Subdivision: Admirals Quarters
3 BR, 2 BA, 1329 sqft
Realty ONE Group | MLS # 4102277 | Contract
Price: $449,900
18524 Mizzenmast Avenue, Cornelius, NC 28031
Complex: Harborside
3 BR, 2.1 BA, 1408 sqft
Cottage Real Estate | MLS # 4097051 | Active
Price: $435,000
18824 Nautical Drive, Cornelius, NC 28031
Subdivision: Admirals Quarters
2 BR, 2 BA, 1097 sqft
Berkshire Hathaway | MLS # 4119371 | Active
Price: $435,000
18783 Vineyard Point Lane, Cornelius, NC 28031
Complex: Vineyard Point
2 BR, 2 BA, 856 sqft
Kidd Realty | MLS # 4103813 | Active
Price: $430,000
18520 Mizzenmast Avenue, Cornelius, NC 28031
Subdivision: Harborside Townhomes
3 BR, 2.1 BA, 1698 sqft
Allen Tate Lake Norman | MLS # 4102035 | Active
Price: $425,000
18325 The Commons Boulevard, Cornelius, NC 28031
Subdivision: Harborside Townhomes
3 BR, 2.1 BA, 2124 sqft
Realty One Group | MLS # 4102428 | Contract
Price: $425,000
18741 Nautical Drive, Cornelius, NC 28031
Subdivision: Admirals Quarters
3 BR, 2 BA, 1159 sqft
Helen Adams Realty | MLS # 4063774 | Contract
Price: $413,000
8222 Viewpoint Lane, Cornelius, NC 28031
Subdivision: Harborside
3 BR, 2.1 BA, 1881 sqft
Ivester Jackson | MLS # 4113863 | Contract
Price: $379,990
18824 Nautical Drive, Cornelius, NC 28031
Subdivision: Admirals Quarters
2 BR, 2 BA, 1069 sqft
Sycamore Properties | MLS # 4111119 | Active
Price: $379,000
18717 Vineyard Point Lane, Cornelius, NC 28031
Complex: The Arbors
2 BR, 2 BA, 973 sqft
Vessel Realty | MLS # 4119504 | Contract
Price: $375,000
18832 Nautical Drive, Cornelius, NC 28031
Subdivision: Admirals Quarters
2 BR, 2 BA, 1082 sqft
EXP Realty LLC | MLS # 4118626 | Contract
Open house! Sat Mar 30, 1 PM-3 PM
Price: $370,000
18730 Nautical Drive, Cornelius, NC 28031
Complex: Cypress Point
2 BR, 2 BA, 1039 sqft
Helen Adams Realty | MLS # 4076116 | Active
Price: $369,900
17430 Tuscany Lane, Cornelius, NC 28031
Complex: Tuscany Townes
3 BR, 2.1 BA, 1401 sqft
Maultsby Realty Group | MLS # 4104805 | Active
Price: $355,000
19901 Henderson Road, Cornelius, NC 28031
Subdivision: Windward
2 BR, 2 BA, 1024 sqft
ProStead Realty | MLS # 4118709 | Active
Price: $348,700
19823 Henderson Road, Cornelius, NC 28031
Subdivision: Windward
2 BR, 2 BA, 1022 sqft
RE/MAX Executive | MLS # 4115161 | Active
Price: $345,900
18741 Nautical Drive, Cornelius, NC 28031
Subdivision: Admirals Quarters
2 BR, 2 BA, 936 sqft
COMPASS | MLS # 4090275 | Active

Listings 1 - 20 of 23   next

If you would like to receive automatic email alerts from the MLS with new listings and price changes please visit our Condo Listing Alert page to sign up.