Financing in Naples>Question Details

2demoon, Home Buyer in Naples, FL

I am trying to purchase a condo in Naples, Fl and have been approved for USDA loan and FHA. I seem to be getting the run around. Any Help? 2demoon@co

Asked by 2demoon, Naples, FL Fri Apr 27, 2012

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Jill A. Maenza ABR, SFR’s answer
Hello~

If you are not already working with another Realtor, please give me a call at 239-580-7881.
I am an Accredited Buyers Representative and would love to assist you in finding the right home.
I look forward to hearing from you!

Have a great day~

Jill A. Maenza ABR, SFR
Premiere Plus Realty
370 12th Avenue South
Naples, Florida 34102
239-580-7881
jillen@comcast.net
0 votes Thank Flag Link Fri Apr 27, 2012
NOT SURE WHAT YOU ARE REFERING TO, COULD BE SOME COMMUNITIES DO NOT MEET THE TYPE OF LOAN APPROVAL YOU HAVE AS SOME REQUIRE CERTAIN PERCENTAGES OF FULL TIME RESIDENTS AND OTHERS YOU HAVE TO MEET RATIOS OF SHORT SALES OR BANK OWNED IN THE COMMUNITY.
IF I CAN BE OF HELP PLEASE CONTACT ME AS SOME CONDOS DO NOT QUALIFIY FOR THESE LOANS.
ALL THE BEST,
LEANN ANDERSON
REALTOR

PREMIERE PLUS REALTY
DIRECT-239-777-1823
LEANNNAPLES@AOL.COM
http://WWW.NAPLESBEACHANDHOMES.COM
0 votes Thank Flag Link Fri Apr 27, 2012
Please feel free to give me a call. I've worked a lot with USDA and FHA loans and condo areas in Naples. I'd be very happy to speak with you.

Sincerely,
Maryann, Vanderbilt Realtors
Naples, FL
239-591-4663
0 votes Thank Flag Link Fri Apr 27, 2012
Speak with your agent, get the lender's name, speak with them, appropriations may be a problem, approved communities...go above the lender and get the name of someone one in either department and talk with them. KathyBC
0 votes Thank Flag Link Fri Apr 27, 2012
Hi,

There are more approved communities than there used to be but still not many. It is FHA's list and USDA uses it. To qualify the communities must meet certain standards like % of units owner occupied and past due fees. Even as things are improving, many of the more affordable associations have a great many of investor owners and do not qualify. Single family homes have no problems but anything deeded as a condo must be on the list.

Here is the current list:
Condo Condo ID / Address Approval Comments Document Manufactured FHA Status Status Expiration
Name Submission Method Status Housing Concentration Date Date
ARIELLE AT PELICAN MARSH A008068 001 2255 PELICAN MARSH BLVD HRAP None Recorded/ No 0.86% Approved 4/27/2011 4/27/2013
NAPLES, FL 34109 Not Uploaded
AVALON AT PELICAN BAY A008045 001 8383 PELICAN BAY BLVD HRAP None Recorded/ No 1.14% Approved 4/19/2011 4/19/2013
NAPLES, FL 34108 Not Uploaded
BEACON HOUSE A006760 001 12260 TAMIAMI TRL E HRAP None Recorded/ No 0.00% Approved 6/16/2010 6/16/2012
NAPLES, FL 34113 Not Uploaded
CALAIS AT PELICAN BAY A007632 001 7000 PELICAN BAY BLVD HRAP None Recorded/ No 0.76% Approved 12/15/2010 12/15/2012
NAPLES, FL 34108 Not Uploaded
DINAPOLI CONDOMINIUM A001584 001 NAPLES, FL 34102 HRAP None Recorded/ No 0.00% Approved 8/14/2009 12/7/2011
HARBORSIDE TERRACE CONDOMINIUM A007949 001 4200 BELAIR LN HRAP None Recorded/ No 0.00% Approved 5/10/2011 5/10/2013
NAPLES, FL 34103 Not Uploaded
JULIANA VILLAGE D A008643 001 4815 SHINNECOCK HILLS COURT HRAP None Recorded/ No 5.00% Approved 12/29/2011 12/29/2013
NAPLES, FL 34112 Not Uploaded
LESINA @ HAMMOCK BAY A007236 001 BORGHESE LANE HRAP None Recorded/ No 0.00% Approved 4/2/2012 4/2/2014
NAPLES, FL 34114 Not Uploaded
MARBELLA LAKES CONDOMINIUM A000059 001 MARBELLA LANE HRAP Exists Recorded/ No 3.94% Approved 12/12/2011 12/12/2013
NAPLES BAY A008864 001 800 RIVER POINT DRIVE HRAP None Recorded/ No 4.16% Approved 4/4/2012 4/4/2014
NAPLES, FL 34102 Not Uploaded
PEBBLE CREEK CONDOMINIUM A007127 001 PELICAN BAY BOULEVARD HRAP None Recorded/ No 0.37% Approved 8/12/2010 8/12/2012
NAPLES, FL 34104 Not Uploaded
REGENCY RESERVE, A CONDOMINIUM A007736 001 TIAMIAMI TRAIL HRAP None Recorded/ No 0.41% Approved 1/19/2011 1/19/2013
NAPLES, FL 34119 Not Uploaded
ROYAL ARMS EXTENSION A007653 001 SANDPIPER STREET HRAP Exists Recorded/ No 0.00% Approved 12/22/2010 12/22/2012
NAPLES, FL 34103 Not Uploaded
ST NICLOLE CONDOMINIUM A007409 001 5550 HERON POINT ROAD HRAP None Recorded/ No 1.03% Approved 12/22/2010 12/22/2012
NAPLES, FL 34108 Not Uploaded
THE COLONY @ WIGGINS BAY A006397 001 670 WIGGINS BAY DRIVE HRAP None Recorded/ No 0.00% Approved 11/29/2010 11/29/2012
NAPLES, FL 34110 Not Uploaded
THE CORONADO OF PELICAN BAY A008781 001 PELICAN BAY BLVD HRAP None Recorded/ No 1.00% Approved 4/16/2012 4/16/2014
NAPLES, FL 34108 Not Uploaded
THE CRESCENT AT PELICAN BAY A007696 001 PELICAN BAY DRIVE HRAP None Recorded/ No 0.86% Approved 1/6/2011 1/6/2013
NAPLES, FL 34108 Not Uploaded
THE ORCHARDS CONDOMINIUM A006789 001 GARDNER DRIVE HRAP None Recorded/ No 1.33% Approved 6/17/2010 6/17/2012
NAPLES, FL 34109 Not Uploaded
TOWNHOMES I AT TRAFFORD ISLES A001496 001 NAPLES, FL 34110 HRAP None Recorded/ No 0.53% Approved 4/18/2008 3/31/2011
VICTORIA LAKES A008293 001 9580-9630 VICTORIA LANE HRAP Exists Recorded/ No 3.19% Approved 6/28/2011 6/28/2013
NAPLES, FL 34109 Not Uploaded
WEST WIND ESTATES A007608 001 JOSEPH LANE HRAP Exists Recorded/ Yes 0.00% Approved 6/15/2011 6/15/2013
NAPLES, FL 34114 Not Uploaded
Regards,

Bill

Bill Sontag
Prudential Florida Realty
239-293-2926
wsontag@earthlink.net
0 votes Thank Flag Link Fri Apr 27, 2012
First you should engage a Realtor and possibly a Mortgage Broker. http://www.trulia.com/voices/directory/Naples-mortgage_broke…
http://www.naplesrealestateguys.com/
0 votes Thank Flag Link Fri Apr 27, 2012
Please give me a call, I will answer any of your questions and help you understand the process and approved condos. I was a mortgage broker for 10 years and have an extensive knowledge of both types of loans.

Scott Riddle
239-289-1849
http://www.naplesrealestateteam.com
0 votes Thank Flag Link Fri Apr 27, 2012
You should find a buyer agent who will assist you through the process. Buying a condo is difficult enough these days when getting a loan but usda or fha does make it a little harder but not impossible. A good agent can guide you through the process quite easily.
Web Reference: http://www.ScottSellsNH.com
0 votes Thank Flag Link Fri Apr 27, 2012
There aren't many FHA approved condos out there in general and USDA....not sure if a condo would even qualify. Your loan officer should be able to guide you on which communities are approved and even provide a list.

Here is the link to the official HUD website to find approved FHA condos: https://entp.hud.gov/idapp/html/condlook.cfm
0 votes Thank Flag Link Fri Apr 27, 2012
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