AVAILABLE FINANCING KEY TO VIDORRA'S SUCCESS
A key part of Vidorra’s sales success has been the support of Wells Fargo Home
Mortgage, which obtained project approval for Vidorra prior to its’ completion last
spring. This approval allows Vidorra buyers to secure home mortgages with one of
the country’s largest banks at highly competitive market rates and terms, something
many new condominium projects are unable to provide.
Vidorra co-developer Jeff Rochelle recognized the importance of having a strong financial institution to provide home mortgages as the mortgage industry experienced
dramatic changes prior to completion of the Vidorra project. According to Mr.
Rochelle, “We saw the advantage of having an exceptionally strong bank that could
approve the project for financing and allow us to close homes with market rate
loans.” Joe Gonzalez, branch manager for Wells Fargo Home Mortgage, added, “We
guided Vidorra through the process of obtaining project approval prior to completion,
so they were able to close homes as soon as the certificate of occupancy was in
place. To date, we have closed nearly 70% of the home loans at Vidorra.”
Wells Fargo is currently in the process of helping Vidorra obtain approval for FHA and
VA financing, further expanding the mortgage options available to Vidorra buyers.
For information about financing a home purchase at Vidorra, please contact Tina
Mattingly with Wells Fargo Home Mortgage at (210) 391-0500 or tina.mattingly@wellsfargo.com. |