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Ocean’s Edge Condominiums Receives FHA and Fannie Mae Project Approval

April 13th, 2011 · Leave a Comment

Ocean’s Edge, the beachside community of condominium homes in south Jacksonville Beach, has a unique distinction that sets it aside from other condominium communities in Jacksonville Beach – it has retained both Florida Housing Administration (FHA) and Fannie Mae project approvals, making it possible for qualified buyers to receive a variety of financing options. This, in addition to pricing from $161,000, means Ocean’s Edge can offer the opportunity to experience ownership at the beach to a larger group of buyers.

To receive both FHA and Fannie Mae approvals, Ocean’s Edge satisfied multiple criteria, said Vikki Robbins, owner of Pace Realty LLC, the locally owned and operated real estate company responsible for sales and marketing at the community. As part of Ocean’s Edge’s vetting process, the community had to prove that the condominium association is financially healthy and current residents are up-to-date on their condominium dues. Ocean’s Edge had to show the community is primarily comprised of owner-occupants and second homeowners rather than investors. It also needed to demonstrate that the association’s budget has reserve accounts for future and unanticipated expenses and they are fully-funded.

More information about Ocean’s Edge is available by calling (904) 247-9052, visiting the community at 107 25th Ave. South in Jacksonville Beach or visiting online at www.oceansedgeliving.com.

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