Downtown Las Vegas condos 3 percent down, The Ogden, a 25-story condominium tower in the heart of downtown Las Vegas at 150 Las Vegas Blvd.
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North, has received approval from Fannie Mae to offer financing options as low as 3 percent down for eligible primary home buyers.
Downtown Las Vegas condos 3 percent down is the only condominium tower building in Las Vegas, and the first since 2008, to obtain Fannie Mae PERS (Project Eligibility Review Service) final project approval.
In addition to Fannie Mae, The Ogden condominium also offers buyers VA guaranteed mortgages and in January is expected to offer FHA financing options –culminating in a triumvirate of mortgage financing options not typically available at a single property.
Only Condo and First Since 2008 in Las Vegas to Obtain Fannie Mae Approval
With more than 60 percent of condominium residences sold at The Ogden and Fannie Mae financing now available, qualified buyers now have the opportunity to finance up to 97 percent of their purchase for first time buyers, 95 percent for primary residences, 10 percent for second homes.
Investor buyers can purchase with as low as 25 percent down.
Previously, condo mortgages were typically adjustable rate mortgages, so with Fannie Mae approvals, Downtown Las Vegas condos 3 percent down buyers can now enjoy today’s low rates on 30- and 15-year fixed-rate mortgages.
Downtown Las Vegas condos 3 percent down Fannie Mae approval could not have come at a more perfect time considering the impending interests rate increases from the Federal Reserve.
Downtown Las Vegas Condos 3 Percent Down
Smart buyers want to buy now to take advantage of today’s still historically low interest rates before they begin to rise, and at The Ogden condominium, Downtown Las Vegas Condos 3 Percent Down have already seen an uptick in activity.
Downtown Las Vegas condos 3 percent down Access to Fannie Mae financing gives buyers the opportunity to purchase with unprecedented low down payments, expanding the reality of home ownership for more people.
Bringing attainable mortgage financing back to the downtown Las Vegas condos 3 percent down market . Prior to the launch of sales at The Ogden, a condo buyer in Las Vegas had to either pay cash or make a down payment as much as 50 percent of the purchase price.
Banks were not willing to finance condo purchases, now with the Downtown Las Vegas condos 3 percent down program that is possible.
The Ogden was Guided Through the Complex Fannie Mae Approval Process
Downtown Las Vegas condos 3 percent down is the first condominium building since the recession to offer this type of affordable financing.
We are proud to have played a role in this accomplishment and look forward to the continued development and growth of the Las Vegas real estate market.
We will work with DK Las Vegas to expand financing programs at its other communities, including Juhl, also in downtown Las Vegas, One Las Vegas on south Las Vegas Boulevard and Spanish Palms on the valley’s west side.
Qualifying for Fannie Mae approval requires a track record of sales success, a strong Homeowners Association with reserves, credible ownership that is proven in its financial and management commitment to the property, a low percentage of investor-rented condos, lack of foreclosures and a strategic sales and marketing plan.
These factors and others are carefully reviewed to ensure qualifying properties are well positioned for continued success with the expansion of financing options.
Downtown Las Vegas condos 3 percent down is offering more than 17 different spacious and modern floor plans on 21 floors, homes at Downtown Las Vegas condos 3 percent down range from a one-bedroom, 815-square-foot condominium residence.
Prices starting in the mid-$200s to a three-bedroom plus den 2,044-square-foot home starting in the low $600s. Condominium residences feature a modern design, private balconies and expansive views of Downtown Las Vegas, The Strip and the mountains that frame the valley.
Single-story, open floor plans offer flex spaces that can serve as a home office, den or yoga room, extra bedrooms for accommodating multi-generational family and guests, and spacious windows that fill interiors with natural light.
A $2 million re-design includes luxury condominium amenities such as a rooftop pool, 16th Floor Clubhouse, Sky Deck, fitness studio, pet park and casual work spaces.
Downtown Las Vegas condos 3 percent down luxury condominium lifestyle and prime downtown location attracts Millennials, empty nesters and retirees. With all the benefits of a single-family home without the upkeep.
The Ogden condominium is within walking distance of more than 150 restaurants, bars and eateries; nightlife; and shopping, entertainment and cultural attractions. It is minutes from the world-famous Las Vegas Strip.
Downtown Las Vegas Condos 3 Percent Down
Call 702-508-8262 and ask to speak with Downtown Las Vegas condos 3 percent down Robert Ratliff – RE/MAX Excellence Realtor. Top world class condominium branding Internationally. Combining our marketing with RE/MAX and our website “Las Vegas Real Estate Authority” and we have you covered!