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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 34   next

Open house! Sun Jul 12, 12 AM-11:59 PM
Price: $699,900
18315 Harborside Drive, Cornelius, NC 28031
Complex: Harborside Townhomes
4 BR, 3.1 BA, 2309 sqft
Keller Williams Lake | MLS # 3626292 | Active
Price: $649,000
18724 Nautical Drive, Cornelius, NC 28031
Complex: Commodores Landing
3 BR, 2.1 BA, 1710 sqft
Southern Homes of the | MLS # 3631497 | Contract
Price: $649,000
18409 Harborside Drive, Cornelius, NC 28031
Complex: Harborside Townhomes
4 BR, 3.1 BA, 2471 sqft
Helen Adams Realty | MLS # 3630715 | Active
Price: $489,000
20407 Harborgate Court, Cornelius, NC 28031
Complex: Harborgate
3 BR, 2 BA, 1878 sqft
Choquette Properties | MLS # 3586317 | Contract
Price: $489,000
20347 Harborgate Court, Cornelius, NC 28031
Complex: Harborgate
3 BR, 2 BA, 1351 sqft
RE/MAX Executive | MLS # 3597093 | Contract
Price: $425,000
18726 Nautical Drive, Cornelius, NC 28031
Complex: Commodores Landing
3 BR, 2 BA, 1327 sqft
Southern Homes of the | MLS # 3636892 | Contract
Price: $425,000
18585 Vineyard Point Lane, Cornelius, NC 28031
Complex: The Moorings
3 BR, 2 BA, 1260 sqft
First Priority Realty | MLS # 3627518 | Contract
Price: $419,900
18517 Harborside Drive, Cornelius, NC 28031
Complex: Harborside
3 BR, 2 BA, 1470 sqft
Southern Homes of the | MLS # 3640097 | Active
Price: $389,900
18643 Harborside Drive, Cornelius, NC 28031
Complex: Harborside
3 BR, 2 BA, 1462 sqft
Main Sale Realty | MLS # 3545365 | Contract
Price: $384,900
18726 Nautical Drive, Cornelius, NC 28031
Complex: Commodores Landing
3 BR, 2 BA, 1327 sqft
Southern Homes of the | MLS # 3637989 | Active
Price: $379,900
20347 Harborgate Court, Cornelius, NC 28031
Complex: Harborgate
2 BR, 2 BA, 1258 sqft
Choquette Properties | MLS # 3584415 | Contract
Open house! Sun Jul 12, 1 PM-3 PM
Price: $374,000
18665 Vineyard Point Lane, Cornelius, NC 28031
Complex: Windrose
3 BR, 2 BA, 1134 sqft
EXP REALTY LLC | MLS # 3622409 | Active
Price: $364,900
19526 Crosstrees Lane, Cornelius, NC 28031
Complex: Harborside
4 BR, 3.1 BA, 2468 sqft
Southern Homes of the | MLS # 3598806 | Contract
Price: $359,900
18631 Harborside Drive, Cornelius, NC 28031
Complex: Harborside
3 BR, 2 BA, 1470 sqft
Keller Williams South | MLS # 3585540 | Contract
Price: $355,000
18009 Kings Point Drive, Cornelius, NC 28031
Complex: Baybridge
2 BR, 2 BA, 1112 sqft
Ivester Jackson | MLS # 3635946 | Active
Price: $305,700
18817 Silver Quay Drive, Cornelius, NC 28031
Complex: Silver Quay
3 BR, 2.1 BA, 1570 sqft
JM Wheeler | MLS # 3625540 | Active
Price: $265,000
8292 Viewpoint Lane, Cornelius, NC 28031
Complex: Harborside Townhomes
3 BR, 2.1 BA, 2100 sqft
Puma & Associates | MLS # 3626877 | Contract
Price: $260,000
8339 Viewpoint Lane, Cornelius, NC 28031
Complex: harborside
3 BR, 2.1 BA, 1848 sqft
Southern Homes of the | MLS # 3621547 | Contract
Price: $260,000
18430 W Catawba Avenue, Cornelius, NC 28031
Complex: Harborside Townhomes
3 BR, 2.1 BA, 1807 sqft
Wilkinson ERA Real | MLS # 3626371 | Contract
Price: $247,900
18734 Ramsey Cove Drive, Cornelius, NC 28031
Complex: Harborside
2 BR, 2.1 BA, 1294 sqft
Keller Williams | MLS # 3622480 | Contract

Listings 1 - 20 of 34   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.