FHA Approved Condos Downtown Minneapolis: Full List

What is the minimum down payment requirement for FHA?

“Generally, the borrower must make a cash investment of at least 3.5 percent of the contract sales price as required by the Housing and Economic Recovery Act of 2008.” FHA

What are the basic eligibility requirements for FHA financing?

“Generally, to be eligible for an FHA loan, you must have a valid social security number and have lawful residency in the United States and be of a legal age to sign on a mortgage in your state. Lenders will verify income, assets, liabilities, and credit history for all parties on the loan.” FHA

When considering purchasing Condos or Townhouses in Minneapolis with an FHA loan these project must have already been approved by the FHA and HUD.  Below is a full list of FHA approved condos and lofts in downtown Minneapolis.

Where can I buy downtown Minneapolis with an FHA Loan?

Harvester Lofts: 618 Washington Ave N

Franklin Lofts: 111 E Franklin Ave

The Crossings: 121 Washington Ave S

Rappahannock Flats Condominium: 607 S 9th St

Summit House: 400, 410 Groveland Ave

1200 on the Mall: 1200 Nicollet Ave

The River Towers Condos: 15 S 1st St and 19 S 1st St

301 Oak Grove: 301 Oak Grove St

Eat Street Flats: 15 E Franklin

710 Lofts: 710 N 4th St

720 Lofts: 720 N 4th St

730 Lofts: 730 N 4th St

Zenith Condos: 901 S 2nd St.

Madison Lofts: 1701 Madison Ave NE

Bridgewater Lofts: 215 10th Ave S

Groveland Terrace: 48, 50, 52 Groveland

Herschel Lofts: 748 N 3rd St

M Flats Condos: 2900 University Ave

Bookmen Lofts: 525 N 3rd St

Skyscape: 929 Portland Ave S

Security Warehouse: 404 Washington Ave N

5th Ave Lofts: 401 2nd St S

Calumet Lofts: 127 5th St NE

Carlyle: 100 3rd Ave S

Village Lofts at St Anthony Falls: 150 2nd St NE, 100 2nd St NE

1900 Stevens: 1900 Stevens Ave

Itasca Condos: 702-724 N. 1st St

801 Washington Lofts: 801 N Washington Ave

Tower Lofts: 700 Washington Ave N

Rock Island Lofts: 111 4th Ave N

River Tower Condos: 1920 S 1ST ST

Greenleaf Lofts: 9 W Franklin Ave

Cobalt Condos: 45 University Ave SE

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*for complete Minneapolis List visit Hud’s official website

A Look Back at The North Loop/Warehouse District; Photo Montage

Many of us have gotten to know and love the North Loop/Warehouse District as it is today.  Multiple condo developments, award winning restaurants, dive bars and of course the new Twins Stadium are all pretty recent developments in the area, but how did it look pre condo boom?

The North Loop was mainly an industrial area. Railroad yards and numerous warehouses and factories were the bulk of the territory.

When one thought about the warehouse district they may have associated it with the railroad transportation network.  It was the hub connecting Minneapolis with the rest of the Midwest and the rest of the country.   Wholesale, storage of goods related to milling and manufacturing were the most common uses of the numerous warehouses.

Today the neighborhood has a very different feel so it is cool to look back and reflect for a minute.  Enjoy the photo collection cherry picked from the Minnesota Historic Society’s website.

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