Miami Condo Shop

FHA Approved Miami Condos

October 22nd, 2009 · View Comments

In today's market, many buyers are using FHA backed mortgages to finance a purchase of a new home or condo. The FHA offers loans with as little as 3.5% down, which is very attractive, especially considering the $8,000 first time home buyer tax credit. According to a recent survey of home builders by John Burns Real Estate Consulting, the FHA has backed a staggering 62% of new home loans given in South Florida.

So, its no surprise that I have been working with many condo buyers lately looking to get FHA backed loans.  This has not been an easy task.  There are not many FHA approved buildings in the greater downtown Miami area.  If you want to see if a particular condo is FHA approved, I suggest CheckFHAApproval.com. I've compiled a short list below of the 10 or so buildings that I would consider showing to clients.

  • The Sail (170 SE 14 St, 33131)
    • New Building Located in the Heart of Brickell. 1 & 2 Bedroom Units Available from the low $200's
  • The Platinum Condominium (480 NE 30 St, 33137)
    • New Luxury High Rise Waterfront Condo. 1 & 2 Bedroom Units Available from the low $200's
  • The Charter Club (600 NE 36th St, 33137)
    • 1 & 2 Bedroom Units Available from the $150's
  • Madison Downtown Condo (800 N Miami Ave, 33136)
    • Centrally located to nearby nightclubs, the design district, Bayside Marketplace, the Performing Arts Center, AAA Arena, eateries and downtown Miami. Developer owned 2 bed, 2 baths start from $129,900.
  • Highland Park Lofts (1350 NW 8 Ct, 33136)
    • 1 Bedroom Units Available from the $140's
  • Brickell View Condo (126 SW 17 Rd, 33129)
    • 2 Bedroom Units Available in the $120's
  • Flagler First Condominium (101 E Flagler St, 33131)
  • Milana Condominium (652 NE 63 St, 33138)
  • The Bank Condominium (8101 Biscayne Blvd, 33138)
    • Loft Style Building with Studios, 1 & 2 Bedroom Units Available.

If you have questions about obtaining a FHA loan or are interested in more information about these FHA approved buildings, please contact Miami Condo Shop.

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  • David
    What about Miami Beach condos? Can you refer us to someone who specializes in that market and knows FHA-pproved buildings there? Thanks.
  • There are only 2 FHA-approved condos in Miami Beach. They are the Coral Bay Club (80 S Shore Dr, 33141) and the Park Front Condo (1319 Meridian Ave, 33139). You can always search for FHA-approved condos here.
  • Sam
    You can also go to this website (http://www.checkfhaapproval.com) and search up to date records by address. They even keep track of saturation.
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