M2i in East Village is Approved for FHA Financing in Downtown San Diego!
If you have been searching for a condo in Downtown San Diego and have been planning to use FHA financing, you probably already know your choices can feel limited. Well I have some very welcome news to report: The incredibly popular M2i building in East Village is now fully approved for FHA financing. This is very good news. No, this is fantastic news!
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M2i is squeaky clean for financing. Owner occupancy is well over 51%, there is no HOA construction litigation, and it is just one of the best options available near the ball park. Amenities include a fitness center, two independent entrances, a top floor community area including barbeque and sink, and security. The decor of the building is modern with a splash of contemporary. Very popular with East Village residents.
A little bit about FHA financing:
- FHA financing can be more forgiving on credit scores than conventional financing.
- FHA loans require low down payments (3.5% in many cases).
- FHA loans are assumable by future condo buyers.
- A attached (condominiums and town homes) real estate must be approved for FHA financing is FHA financing is used.
M2i makes a great complex to live in full time or works just as well as an investment property that cash flows even with financing. HOA monthly fees are reasonable. Considering purchasing a condo in Downtown San Diego? Add M2i to your list of candidates, you will not be disappointed.
View All Downtown San Diego Real Estate for Sale
Questions? Comments? Send them my way anytime.
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527 10th avenue
san diego, CA 92101
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