Danielle Lazier

Update: 555 Bartlett New Construction Condos Inner Mission San Francisco – FHA Approved for Low Down Payment

Quite update: The new condos at the corner of Mission, Cesar Chavez and Bartlett Streets known as 555 Bartlett are now FHA Approved!

This means you can buy a new condo in the Mission with as little as 3.5% down payment. Add in the fact that we can (most likely) negotiate a credit for closing costs and you’ve got a very good deal on your hands.

For example, right now I have clients buying a condo in San Francisco with a FHA home loan. They are putting down 3.5% of the purchase price as their down payment. There closing costs are about 2-2.5% (FHA home loans have higher closing costs). We negotiated this amount into the sales price so essentially, my clients have zero closing costs. 3.5% down payment to own a really nice 2 bedroom, 2 bath brand-new condo with parking in SF? OPM, baby!

Read more about 555 Bartlett : The Inner Mission’s newest condo project.

FHA Approved Condos San Francisco

Tags: 555 bartlett, FHA approved condos, New Construction

Updated List of FHA-Approved Condos in San Francisco

UPDATE – CHECK OUT THE APRIL 2010 LIST OF SAN FRANCISCO FHA APPROVED CONDOS

Pretty soon, there will be no more so-called spot-approvals for FHA low down payment home loans for SF condo purchases. So, if you want to buy a condo in San Francisco and don’t have 15-20% down payment, you’ll want to know which SF condos are approved for a FHA low down payment home loans.

Here’s an updated List of FHA-Approved Condos in San Francisco:

• 1151 SUTTER STREET CONDOMINIUM
• 4451-4455 MISSION STREET
• SF Blu 631 FOLSOM STREET
• 901 BUSH STREET
• The Garfield 942 MARKET STREET
• ARTERRA
• BAYCREST
• CANDLESTICK COVE
• CANDLESTICK POINT – THE COVE
• CANDLESTICK VIEW CONDOMINIUM
• DIAMOND HEIGHTS VILLAGE
• DIAMOND RIDGE CONDO
• DOLORES PLAZA #1 & #2
• ESPRIT PARK (THE HOMES ON)
• GOLDMINE HILL
• MCALLISTER MEWS CONDOMINIUM  MCALLISTE  SAN FRANCISCO, CA 94115 No  Approved
• MORGAN HEIGHTS
• MOSAICA 601
• MUSEUM PLAZA
• PAGE CONVERSION
• PARKVIEW COMMONS
• PINE STREET
• SUTTER HEIGHTS – TRACT 4083  4083
• SYMPHONY TOWERS,TR# 3645
• THE MONTGOMERY, A CONDOMINIUM
• THE SOMA GRAND – TRACT 3849  SOMAGRAND

Tags: fha, FHA approved condos, hud