We already told you that SPIRE closings had begun, many of our clients were among the first to move in. However there was one group of buyers who has had to wait just a little bit longer. Those buyers were the ones taking advantage of the great FHA financing that is available. The wait is now over as SPIRE has begun to schedule those closings.
Many don't realize the great efforts that go into qualifying for FHA approval as a developer. To be able to offer FHA financing there are a number of qualifications and approvals that a developer and a building must go through. The process takes time, money, and patience. But the rewards are incredible. As an FHA approved building SPIRE can offer it's new residents more lending options, or more appropriately said they allow the lenders to offer the FHA option. What is FHA? Give us a call at 303.991.9878 or 800.392.1950 and we will be happy to explain... but in summary it means some incredible interest rates and lower down payments. It helps our clients in many ways to qualify for their home purchase and to create payments that are more affordable. With it SPIRE allows many more new homeowners to qualify.
As part of the FHA process SPIRE had to first have the closings for their conventional loan and cash buyers before the FHA folks could move in. So as much as our FHA clients wanted to be moved in and sitting by the pool or enjoying the fitness center they had to wait just a little bit longer. And as we said, that wait is over.
So that means that new FHA buyers at SPIRE going forward will be all set to move forward with the closing process immediately. So if you have a window of time that is ideal for you to purchase and move the flexibility is now all yours. Of course it helps that as a developer SPIRE has an open schedule to accommodate buyers.
As we enter Memorial Day weekend if you would like to take a tour of SPIRE and see any of the 42 floors of residences or the many amenities just give us a call at 303.991.9878 or 800.392.1950 and we will make arrangements for you. SPIRE is certainly happening quickly and New Era Realty is your SPIRE buyer representation specialists along with the many other wonderful Denver loft and condo residences.