Sherwood Glen is an awesome 55+ condominium that is now approved for FHA & VA financing thanks to the Amazing Loan Lady, Renee Duval. FHA loans have a low down payment of only 3.5% ! FHA is not limited to first time buyers and there is no income limit for this program. VA loans are available to Veterans with no down payment!
When a condo is FHA approved, it also qualifies for RD (Rural Development) financing. RD loans require no down payment!
Now that Sherwood Glen is FHA & VA approved, a first time buyer could purchase a home here using NH Housing which offers low, low interest rates! Currently they offer a 2.99% fixed rate (2 points paid at closing). APR =3.732% – rates & terms subject to change. NH Housing does have income limits and borrowers need to be credit approved.
If you are over 55 and would the convenience of condominium living in an excellent location, Sherwood Glen may be the place for you!
If you live in a condominium neighborhood that is not currently approved by FHA (Federal Housing Administration) or if you are a REALTOR who has a listing in a condo that is not FHA approved, contact Renee Duval to get approval process started.