An Edgewater development is the first pre-construction project in Miami to receive Fannie Mae approval for lower down payment rates since the housing crash.
January 07, 2015 at 12:30 AM
1 minute read
An Edgewater development is the first pre-construction project in Miami since the housing crash to receive Fannie Mae approval allowing lenders to issue mortgages with more attractive down payment rates for buyers.
The nod by the federal housing finance behemoth comes as financing opportunities for South Florida home buyers appear to be loosening up.
Deal Watch: Skadden, Sidley, Slaughter and S&C Lead Big Paper Deal, While Private Funds Grow Massive
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