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	<title>SF Sunrise &#187; BLU</title>
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	<description>San Francisco Condos and Lofts - Sales, Rentals, News and Lifestyle</description>
	<lastBuildDate>Mon, 15 Feb 2010 06:21:04 +0000</lastBuildDate>
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		<title>Urban Residences BLŪ at 631 Folsom are now FHA/VA approved – 3.5% down</title>
		<link>http://sfsunrise.com/urban-residences-blu-at-631-folsom-are-now-fhava-approved-%e2%80%93-3-5-down</link>
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		<pubDate>Fri, 21 Aug 2009 10:09:01 +0000</pubDate>
		<dc:creator>Brad Coy</dc:creator>
				<category><![CDATA[BLU]]></category>
		<category><![CDATA[Condominiums]]></category>
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		<description><![CDATA[There’s no shortage of inventory right now in the SOMA, Rincon Hill, and South Beach developing neighborhoods of the city. What there has been a shortage of is opportunities to obtain financing. This past week we found that Blu, a new high-rise development located at 631 Folsom, is now condo FHA/VA approved. What this means [...]]]></description>
			<content:encoded><![CDATA[<p>There’s no shortage of inventory right now in the SOMA, Rincon Hill, and South Beach developing neighborhoods of the city. What there has been a shortage of is opportunities to obtain financing. This past week we found that Blu, a new high-rise development located at 631 Folsom, is now condo <a href="https://entp.hud.gov/idapp/html/condoslct.cfm?field_office=0939&amp;condo_key=4220">FHA/VA approved</a>.<img class="alignright" title="BLU" src="http://sfsunrise.com/wp-content/uploads/2009/08/BL%C5%AA1.jpg" alt="" width="274" height="381" /></p>
<p>What this means is the buyer can use a smaller down payment at 3.5% and generally close and move through the transaction a lot quicker. There are also requirements that need to be in place in order for a condo building to be endorsed for FHA/VA approval. These same requirements such as owner occupancy rate, reserves, and percentage of pre-solds ensure a purchaser a viably stable investment for the long term.</p>
<p><strong> Some interior highlights include:</strong></p>
<ul>
<li>Floor to ceiling windows</li>
<li>Viking and Bosch appliances</li>
<li>European kitchen cabinetry</li>
<li>Marble bath floors and vanities</li>
</ul>
<p><strong>The Building features:</strong></p>
<ul>
<li>24 hr. door attendant</li>
<li>Concierge services</li>
<li>Private rear garden with fountain, and a BBQ and catering set-up facility</li>
</ul>
<p>BLU is located in the vibrant SOMA neighborhood, so close to everything you need for shopping, dining, work, and nightlife.</p>
<h2>Six different 2 bedroom plans on floors 2-19 starting in the high $600s</h2>
<p>*Pre-approval is required with their preferred lenders</p>
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