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Nicknamed “The V” by its’ homeowners, Vidorra opened in March of last year and has achieved the sales velocity necessary to earn approval to offer FHA financing to its homebuyers. With FHA financing, buyers can put as little as 3.5% down, as opposed to the minimum 10% down required by a conventional loan. FHA financing also offers:
According to Jeffrey Rochelle, President of DTMLS, LLC, “Receiving FHA approval adds to the numerous mortgage financing options currently available for Vidorra. FHA financing will allow a substantial number of potential buyers to qualify for a condominium purchase who otherwise weren’t able to meet current conventional financing criteria.” FOR A LIMITED TIME ONLY – Vidorra will pay closing costs up to 3% of the loan amount for buyers who obtain FHA financing. Please contact Tina Mattingly at Wells Fargo Home Mortgage for additional information about qualifying to purchase a Vidorra home with an FHA loan, tina.mattingly@wellsfargo.com or (210) 391-0500. You can also apply online for a mortgage at www.wfhm.com/loans/tina-mattingly. |
Vidorra is pleased to announce they have received approval from the Department of Housing and Urban Development (HUD) to offer FHA financing. The highly successful Vidorra project has already closed the sale of 20 residences in the first 5 months of 2010, making it one of the better performing residential condominium projects in the country.
Mortgage interest rates have reached the lowest levels on record, making new homes the most affordable in recent history. With rates well below 5%, savvy homebuyers are taking advantage of a niche buying opportunity to use their increased purchasing power to buy a new home. In addition to unprecedented low interest rates increasing affordability, San Antonio is poised for a strong rebound from the recent recession. According to one expert, San Antonio is the Texas city best positioned to rebound strongly from the economic downturn. The San Antonio Business Journal reports in its’ June 11, 2010 edition that noted economist Travis Tullos is predicting the recovery in San Antonio will be marked by “exponential growth”. According to Mr. Tullos, “I haven’t felt this good about the San Antonio economy ever.” Downtown San Antonio in particular is poised for resurgence, as Mayor Julian Castro has declared this the “Decade of Downtown”. The focus of his administration is positioning downtown as one of the finest in America, and he has the full support of San Antonio’s business community to implement his initiatives. The unique combination of record-low interest rates, a local economy poised for a strong rebound and the focus on downtown revitalization and growth from both public officials and private business has created a once-in-a-lifetime buying opportunity for new homes in downtown San Antonio. To learn more about the advantages of home ownership in downtown San Antonio, visit these websites: |
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Vidorra has teamed with one of our downtown neighbors, Chef Bruce Auden’s renowned restaurant Biga on the Banks, to offer a special promotion for a limited time. Take a private tour of Vidorra’s furnished model homes and have your promotion card stamped by a Vidorra sales representative. Present the card to the wait staff the next time you dine at Biga on the Banks and receive a bottle of wine compliments of Vidorra with your entrée purchase. For details or to make a private sales appointment, please call the sales office at (210) 223-1900. |
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BIGA ON THE BANKS SPECIAL PROMOTION
