Many First Time Buyers Choose Condominiums

Many First Time Buyers choose condominiums, AKA condo, for their first home. 

What is a condo anyway?  Think of an apartment building.  It is one large building with many individual units inside.  It sits on one piece of land.  If that building is considered a condo, individual homeowners own each unit but do not own individual pieces of land.  The land is part of the condominium project and is owned in common with the homeowners.

Many Oklahoma first time buyers opt to purchase a condo because they can be inexpensive, maintenance can be minimal, and utilities are sometimes covered by association fees.

But, what many home buyers do not know is that financing is not available on all condominiums.  The Department of Housing and Urban Development has a list of condo complexes that are approved.  If the complex is not on the list, it is likely that financing is not available.

In Oklahoma City there are several condo complexes that are approved by HUD.  The approved complexes are;

  • 72nd Street Condos
  • 50th Street Condos
  • Ann Arbor Place Condos
  • Barrington
  • Benttree Condos
  • Central Avenue Condos
  • Chaumont Estates
  • Chisholm Village
  • College Park Condos
  • Copperchase Condos
  • Dorchester
  • Edgewater Park
  • Enclave Garden Homes
  • Forest Pointe Condos
  • Gladel Condominiums
  • The Groves at Turtle Creek
  • Harvey Lofts
  • Hefner Park Row
  • Hemmingway Condominiums
  • Lake Forest Townhomes
  • Lake Ridge Manor
  • Lakepark Townhomes
  • Lofts at Maywood Park
  • Nantucket Condos
  • Piccadilly Square
  • Portland Heights
  • Quail Springs Condominiums
  • Rams Head Villas
  • Red Oak on Spring Creek
  • Sherwood Village
  • Southern Hills Village
  • Southpointe Condos
  • Stratford Place
  • Summit Place
  • Sutton Place
  • Sycamore Square
  • The Arbors at Summerfield
  • The Normandie
  • Thousand Oaks
  • Walnut Place
  • Waterview Townhomes
  • Wellington Commons
  • Willow Springs Manor
  • Windsor Park Village
Talk to you soon!

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