Pontedera Gets FHA Approval

8/5/2010

The Pontedera condos, HomeSight’s newest and largest condominium community, received FHA approval. This is an important milestone for The Pontedera as it opens up more opportunities for potential buyers to finance the purchase of their new home at The Pontedera. FHA is the single most versatile loan program available today, and without it millions of potential home buyers would be unable to purchase their new home. Some of the benefits of FHA insured mortgages are:

FHA makes it easier to qualify for a mortgage loan
FHA only requires a 3.5% down payment
FHA does not require a higher mortgage interest rate for borrowers with lower credit scores
FHA allows gifted funds to be used for the down payment
FHA comes with mortgage insurance, so if you qualify for FHA then you also qualify the mortgage insurance

FHA backed loans are ideal for first time homebuyers due to their lower down payment requirement and allowance for buyers to use money given to them by family to cover the down payment. Having received FHA approval The Pontedera has demonstrated that it’s well constructed and maintains a healthy source of funds to pay for ongoing maintenance and upkeep. The Pontedera offers a variety of floorplans to satisfy nearly every prospective buyers needs. Stop by the sales office at 827 Hiawatha Place South and see for yourself what opportunities are available to become a home owner in one of the most diverse and vibrant communities in Seattle.

Contact Jada Pettigrew at our sales center for more information:
Phone: (206) 650-3286
Email: jada@jadapettigrew.com

823 Hiawatha Place South
Seattle, WA 98144
Open Daily 12:00 PM - 6:00 PM, or by appointment