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FHA Approval for Downtown Orlando High-Rise

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Wed, Feb 02, 2011 at 2:08PM

The Vue at Lake Eola, a 165 unit residential high rise condo, has earned full approval for buyers to qualify for Federal Housing Administration (FHA) loans.  This will make it much easier to get a mortgage in this downtown Orlando location.  The financing allows buyers to be eligible for government-backed loans and smaller down payments. 

The luxury residential condo building also has nearly 8,000 square feet of retail space.  The condo units struggled to sell in the past after the condo market crashed.  The units sold in the past three months ranged from $229,000 for a one-bedroom unit to $569,000 for a three-bedroom unit.


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