Did you know there only a handful of condo buildings in Uptown Charlotte that allow you to utilize an FHA loan? FHA loans allow you to put down a lower down payment (3.5%) as opposed to a conventional mortgage. For a condo development to be approved for FHA loans, it actually has to go through an approval process. Once approved, it isn’t necessarily permanent. There is an expiration associated with this, so if you’re looking for a building that is FHA approved, make sure it is approved through the date you expect to close on your new condo.
Fourth Ward Square in Uptown Charlotte’s Fourth Ward is one of those condo developments, in Uptown Charlotte, that allows for FHA mortgages. We just listed this roomy one bedroom condo in Fourth Ward Square. If you’re unfamiliar with this development, you’ll see a map below. It is located in the heart of Fourth Ward and walkable to anything uptown, including Carolina Panther games, events at the NC Music Factory, and bars and restaurants. As you’ll see from the photos below, you can also stay home to enjoy the various amenities in the community, including pool, gym, and club house.
This condo is actually one of the larger one bedroom condos in Fourth Ward Square. If you compare it to the smaller one bedroom condos in Fourth Ward Square, you’ll see that most everything is larger (bedroom, kitchen, and living space). This makes a huge difference in how big the condo feels! The seller of the condo will be leaving the washer, dryer, and refrigerator for the new buyer, so you’ll literally be able to move right in! Don’t miss the views of Uptown Charlotte from the Great Room. This roomy condo is priced at $155,500.
If you’re curious about what other buildings are “FHA approved” in Uptown Charlotte, you can find an up-to-date list, by clicking on this link. Once you follow the link, complete the form by choosing “North Carolina” and zip code “28202.”
Post Update: This condo is now sold. However, you can find others below.