Miami Canvas condo lowers deposits to 20%, pursues domestic buyers with Fannie Mae loans – South Florida Business Journal

The developer of the Canvas condominium in Miami’s Arts & Entertainment District has lowered the deposit requirement to 20 percent for domestic buyers as it aims to leverage Fannie Mae loans to.

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Miami Canvas condo lowers deposits to 20%, pursues domestic buyers with Fannie Mae loans – South Florida Business Journal The developer of the Canvas condominium in Miami’s Arts & Entertainment District has lowered the deposit requirement to 20 percent for domestic buyers as it aims to leverage fannie mae loans to.

Canvas in Miami’s A&E District lowers deposits to 20% NR Investments, led by principals Ron Gottesmann and Nir Shoshani, lowered the required deposit to 20 percent. In early 2016, the developers received conditional project approval from Fannie Mae, another step often used by developers to lure domestic buyers.

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When home buyers choose FHA it allows for easier credit score qualification. In most cases you can qualify with 580 credit scores.. Miami Canvas condo lowers deposits to 20%, pursues domestic buyers with Fannie Mae loans – South Florida Business Journal .