VA Approved Condos In Estero, Florida (Updated 8/2/2017)
Below is a list of condos in Estero, Florida that are currently approved for VA financing per the VA portal:
| Condo Name | ID | Record Type |
| TERRA VISTA II | H11609 | Condo |
VA Approved Condos in Fort Myers, Florida (Updated 8/2/2017)
Below is a list of condos in Fort Myers that are currently approved for VA financing per the VA portal:
| Condo Name | ID | Record Type |
| ABACO AT TORTUGA | 000381 | Condo |
| ANDROS AT TORTUGA | 000895 | Condo |
| GLASTONBURY AT THE PLANTATION | 000296 | Condo |
| ISLAND PARK VILLAGE III CONDO | 000803 | Condo |
| OSPREY COVE CONDOMINIUM | 000728 | Condo |
| ROYAL WOODS CONDO | 000978 | Condo |
| SANTA LUZ | 000250 | Condo |
| THE VILLAGE | H03893 | Condo |
FHA Approved Condos In Charlotte County (Updated 7/18/2017)
Below is a list of condos in Charlotte County that are currently approved for FHA financing per the department of HUD website:
| Condo Name |
Address | Composition of Project |
Expiration Date |
| WATER’S EDGE @ HERITAGE OAK PA | WATER OAK DRIVE PORT CHARLOTTE, FL 33948 |
Name: Water’s Edge at Heritage Oak Park; Project: Five 2-story Buildings, consisting of 52 units. | 11/14/2018 |
FHA Approved Condos In Collier County (Updated 7/18/2017)
Below is a list of condos in Collier County that are currently approved for FHA financing per the department of HUD website:
| Condo Name |
Address | Composition of Project |
Expiration Date |
| ARIELLE AT PELICAN MARSH | 2255 PELICAN MARSH BLVD NAPLES, FL 34109 |
27-2 Story 6,8, and 10 units buildings with 230 total units with a community pool and cabana. | 09/17/2017 |
| HUNTINGTON WOODS | HUNTINGTON WOODS DRIVE NAPLES, FL 34112 |
13 Duplexes consisting of 26 units | 11/08/2018 |
| NAPLES WINTERPARK | NORTHWINDS DRIVE NAPLES, FL 34112 |
Low-Rise 184 Units | 06/29/2018 |
| OSPREY POINTE AT PELICAN MARSH | WHIMBREL WATCH LANE NAPLES, FL 34109 |
96 units | 01/05/2019 |
| STONEGATE OF EAGLES | CYPRESS VIEW DRIVE NAPLES, FL 34113 |
38 Units | 05/13/2018 |
| THE ORCHARDS CONDOMINIUM | GARDNER DRIVE NAPLES, FL 34109 |
30 Buildings, 2 Story, Townhome Style | 05/19/2019 |
FHA Approved Condos In Lee County (Updated 7/18/2017)
Below is a list of condos in Lee County that are currently approved for FHA financing per the department of HUD website:
| Condo Name |
Address | Composition of Project |
Expiration Date |
| BIRCH COURT | 1027 SE 46TH LN CAPE CORAL, FL 33904 |
6 Units | 03/23/2018 |
| CASA DI FIORI | 119 WINDING PINES CIRCLE CAPE CORAL, FL 33909 |
BUILDINGS 13&18 (28 UNITS) WHEN CoMPLETED WILL CONSIST OF 296 UNITS IN 22 SEPARATE PHASED 2-STORY BUILDINGS | 03/21/2018 |
| CREEKSIDE PRESERVE | CREESIDE PRESERVE LOOP FORT MYERS, FL 33908 |
PHASES 38,39,40 COMPLETED 12 Units WHEN PROJECT IS COMPLETED,THERE WILL BE 42 PHASES WITH 168 UNITS. 2 STOREY 4 UNIT BUILDING |
12/20/2018 |
| GLASTONBURY AT THE PLANTATION | NEW MARKET STREET FORT MYERS, FL 33913 |
Project will consist of 108 homes in 27 phases, each planned to contain a two 2 story residential building with 4 homes with attached garage.Phase included: 2001-2007 & 2023-2027 (12 buildings with 4 units per building)48 units | 04/25/2018 |
| RIVERSIDE CLUB | 1900 CLIFFORD STREET FORT MYERS, FL 33901 |
49 units (7 floor highrise bld) | 10/23/2017 |
| SORRENTO | SOSTA LANE BONITA SPRINGS, FL 34135 |
Phase 16, 4 units: When completed will consist of 156 units, Phases 1-39. | 12/23/2017 |
| VILLAGES ON COURT SIDE LAKE II | LORENE DR ESTERO, FL 33928 |
90 units | 04/04/2018 |
VA Approved Condos In Charlotte County (Updated 7/18/2017)
Below is a list of condos in Charlotte County that are currently approved for VA financing per the VA portal:
| Condo Name | ID | Record Type |
| BOULEVARD WEST OF ROTONDA | 001072 | Condo |
| FOUNTAIN COURT | 000955 | Condo |
| HARBOR WALK | 000324 | Condo |
| NEWPORT GOLF & CC | H00283 | Condo |
VA Approved Condos In Collier County (Updated 7/18/2017)
Below is a list of condos in Collier County that are currently approved for VA financing per the VA portal:
| Condo Name | ID | Record Type |
| IRONSTONE AT THE QUARRY | 000300 | Condo |
| NAUTICA LANDING AT THE QUARRY | 000302 | Condo |
| TOWNHOMES AT TRAFFORD | H11614 | Condo |
| VERANDA IV AT CEDAR HAMMOCK | 000721 | Condo |
| VERANDAS AT TIGER ISLAND III | 000404 | Condo |
| VISTA I @ HERITAGE BAY | H11689 | Condo |
| VISTAS III @ HERITAGE BAY | H11615 | Condo |
| WORLD TENNIS CLUB CONDOMINIU | 000723 | Condo |
VA Approved Condos In Lee County (Updated 7/18/2017)
Below is a list of condos in Lee County that are currently approved for VA financing per the VA portal:
High Quality Loan Originations For Fourth Quarter 2016
According to a recent study published by CoreLogic, loans originated in the fourth quarter of 2016 had the highest rating since 2001. The average credit score for purchase loans was 737, average Debt-To-Income ratio was 36%, and the average loan to value was 87.1%.
The above characteristics contribute to a low default risk and healthy secondary mortgage market.
National Home Prices Set New All-Time High
According to the S&P CoreLogic Case-Shiller National Index the national housing market set a new all-time high in 2016. The previous peak was reached in July of 2006.
Mortgage Bankers Association Cuts Forecast
The Mortgage Bankers Association cut their forecast for new loan origination volumes in the first quarter of 2017 by 3.5%. They are citing higher interest rates as the key cog in the forecast cut.
Loan Limits Increase for 2017
The largest financing agencies of the United States government have decided to increase loan limits in 2017. Below are the highlights of the increase:
– FHA loan limit “floor” will increase to $275,665 from $271,050. (These are the limits observed in Lee County)
-FHA loan limit “ceiling” will rise to $636,150 from $625,500.
-Conforming Fannie Mae and Freddie Mac loan limit will increase to $424,100.
FHA states that maximum loan limits increased in 2,948 counties and remained the same in 286 counties.
Studies have estimated that these increases could have a billion dollar effect on the loan market.
