Exciting news for those who love the condo community of Island Walk on Harbour Island near downtown Tampa. Previously this community did not have FHA approval, which meant that buyers needed to find conventional financing (20% down). When no FHA financing exists on a property, often times lenders will not even write conventional loans on a condo so you must have cash to purchase there, which tends to drive prices down because there are fewer buyers who can purchase with cash.
At the beginning of this month, Island Walk received FHA approval, and you can now purchase in this community with just 3.5% down on an FHA loan! Now that FHA financing is back in this community, prices will likely start to rise, so get in while you can still find these great deals!
Below are a couple of our favorites for sale!
Currently the lowest priced property in Island Walk:
Bank owned – a great deal and upgrades:
Not a short sale – upgraded and no waiting: