The Towers of Channelside recently received FHA financing approval. Add
that to its already reduced lease rates, and Tampa urbanites could have
themselves a sweetheart of a deal.
The FHA financing
benefits include a low 3.5 percent down payment, a credit score as low
as 600, low-fixed or ARM rates and a slightly higher debt to income
ratio. In addition, you don't have to be a firsttime homebuyer.
is great news for people who are looking to own a new home," says Steve
McAuliffe, president of JMC Realty. "Buyers will be able to take
advantage of this opportunity with a minimal down payment."
The new financing option isn't the only advantage at The Towers of Channelside
Prices for the residential condos have been reduced up to 45 percent of
the original asking prices. Prices range from $178,000 for a
one-bedroom, one-and-a-half bath design to $390,000 for a high floor
three-bedroom, three-bath home. Penthouses start at $500,000.
FHA financing benefits combined with the great pricing we have to offer
will help the future viability of this project as well as others in the
" says McAuliffe. "We expect to see more buyers'' because more affordable downtown living is now available.
28-story twin towers are comprised of 257 luxury residential
condominium homes.. The residences feature expansive balconies and
panoramic views of the waterfront and downtown Tampa. Other features
include a resort-style amenities deck on the fifth floor with clubhouse
and one of the largest swimming pools and entertainment areas in the
region. The deck, which rests above the four-level parking garage (most
homes come with two parking spaces), connects the two towers. The Towers
of Channelside homes are within easy walking distance of an array of
restaurants, numerous entertainment venues, and a variety of shops.
Writer: Missy Kavanaugh
Source: Steve McAuliffe, JMC Realty