Downtown Grand Rapids Condos That are FHA Approved

13 10 2009


Grand Rapids Condos Downtown Grand Rapids offers some incredible condos from cool, affordable urban studios at the Hillmount or the Boardwalk condos, to luxurious penthouses and lofts at Riverhouse condos or the Fitzgerald Condos. One of the problems we have been experiencing with buyers wanting to purchase a downtown Grand Rapids condo has been financing. Many of the condos, especially the “boutique” condos like Peck, Front Row, Cityview or 65 Monroe require a conventional mortgage with ten to twenty percent down. It can be difficult to come up with that amount of cash  on hand.

Having said that, there are some condos that are FHA approved. This is important to many buyers, especially first time condo buyers looking to capitalize on the $8000 Tax credit. With an FHA loan, you need only pay a 3.5% downpayment on the loan. Much better than 10% or 20%!

Boardwalk Condos Boardwalk condos are FHA approved! Just before last Christmas they were approved. Boardwalk is a great building with many amenities including a pool hot tub area, game room, theatre room, fitness center, roof top deck, salon and JD Reardon’s bar. These condos are loft style with exposed brick, exposed duct work, river views and tall ceilings. Many floor plans are available from studio, 1, 2 and 3 bedrooms and there are two courtyards, one with the pool and the other with a peaceful, wooded area where the outdoor grills are located.

The Hillmount condos are FHA approved! The Hillmount condos offer aHillmount Condos little different feel to the Boardwalk. The building itself is an older, solid brick buillding and it does offer a few amenities such as wireless (wifi) internet, fitness center and an awesome rooftop deck with grill. Many of these condos offer lovely hardwood floors and updated kitchens with stainless steel appliances. This is a great building located at the corner of College and cherry, minutes from the downtown core. Pets are allowed.

Union Square condos Union Square condos are FHA approved! Union Square is one of the coolest buildings in town. You have probably seen it while driving on the expressway at the junction of I-96 and US-131 highways. The building is the Union Square High School and there is a big mix of condos here from affordable 1, 2 and 3 bedrooms which also includes some incredible penthouse units. Amenites include a very nice fitness center and the  roof top deck, pool and hot tub. These condos are loft style similar to Boardwalk but with more floor plans and larger windows. Some of the old school features like chalk boards and lockers have been blended in with the modern condo features.

Fulton Street Flats are FHA approved! This is a new addition to the downtownFulton Street Flats condo scene and has just been approved. These are affordable 1 and 2 bedroom condos with some nice standard features accross the street from Davenport University and minutes to the downtown core. Some features include large balconies, hardwood floors and granite counters. I like the location here and for the money, you get a good sized condo with reasonable association fees, parking and laundry rooms in each unit.

For more information on any of these Grand Rapids downtown condos, visit my website or contact me any time.


Fulton Street Flats – Downtown Grand Rapids Condos

10 03 2009


Fulton Street Flats – Affordable Downtown Grand Rapids Condos

Fulton Street Flats Fulton Street Flats are an affordable new condo conversion located a few minutes walk from the downtown Grand Rapids core, in the Heritage Hill Historic District. Fulton Street condos are located at 458 Fulton St SE, just west of College and right across the street from Davenport College. The exterior and grounds are clean and the developer along with the building contractor “Try Construction”, have done a wonderful job with the finish and the laying out the spaces. There are 13 units in this project and 3 have already been sold.

Fulton Street Flats offer affordable downtown living with 1 and 2 bedroom Fulton Street Condoscondos. One bedroom condos are approximately 800 square feet while the two bedroom units will have around 1100 square feet. The kitchens are generously decked out with granite counters, plenty of new cabinets and a good appliance package. (Black is available as is stainless steel). There is laundry hook ups built in to each unit and a large storage/pantry off of the kitchen. The bedrooms have ample space and in the two bedroom condos, there is a large master suite with your its bathroom.

Heritage Hill Condos As with many of our downtown condos, Fulton Flats condos have a great location. There are many attractions to Grand Rapids including the Van Andel Arena where all of the top acts can be found. The Bob has fantastic food, a sports bar and the always fun, Dr. Grins and there are plenty of art museums and coffee shops. These condos would make an excellent investment opportunity due to the colleges nearby and with low interest rates and tax credit incentives, don’t pass these by.

Pricing: from ~$80s – 1 and 2 Bedrooms from 750 sq/ft
Association Fee: ~$100/mo
Includes: Yard Care, Trash Pickup, Water, Sewer, Heat  and Insurance
Features: Hardwood Floors, Granite Counters, Black and Stainless Appliances, Off-street Parking, Patio/Deck, Pets Allowed

If you have any questions about these or any other condos, please visit my website or contact me any time. If you are relocating to Grand Rapids, I can provide a comprehensive guide packed with local news attractions.