David Fedeles, St. Croix Real Estate

Coldwell Banker St. Croix Realty

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Fall Island Vibes

September 27, 2022 by Team Fedeles

It’s officially Fall and St. Croix has all of the usual Fall island vibes. The coffee shops have even started serving pumpkin spice!

As we observed the 5-year anniversary of Hurricane Maria, we are amazed by how far our island has come. Our infrastructure is stronger and better prepared for what may come our way. One day shy of the anniversary, we weathered Tropical Storm Fiona. While the storm was long-winded (pun intended), St. Croix came out mostly unscathed. In fact, WAPA even received praise for performance during Fiona! Our property listings all fared well in the storm, a good sign that they are built to withstand island weather.

St. Croix intersections are now full of election signs. In November, the Virgin Islands will be voting for Delegate to Congress, Governor and Lt. Governor, local Senate seats, Board of Education, and Board of Elections. View the St. Croix Sample Ballot and save these dates:

  • October 9 – Last Day for Voter Registration (learn more about registering to vote)
  • October 10-31 – Early Voting (learn more about early voting)
  • November 8 – General Election Day

As we start to look toward next year, the 2023 USVI loan limits have been announced. If you have been considering a home or real estate investment purchase, we can help guide you through determining a budget and narrowing down the available inventory.

After a couple of quiet summer months, the Fall calendar is filling up. Halloween events are being scheduled, like Trunk or Treat at East End Marine Park, Goosebumps in the Garden and Frederiksted Halloween Spooktacular. Art Thursday and Jump Up are back. The Beauty & the Beast Triathlon is November 27 when Stephen will be defending his top ranking. And the the St. Croix Christmas Boat Parade and Crucian Christmas Festival are on!

You’ll see in the St. Croix Real Estate Market Watch below that listings are up compared to this time last year. We’d love to help add you to this positive trend if you’ve been thinking about listing your property. Call, text, or send us a note today!

Filed Under: Life on St. Croix, Newsletters, St. Croix Mortgage

2022 Max Loan Amounts for St. Croix

December 10, 2021 by Team Fedeles

The official 2022 maximum home loan amounts for St. Croix have been released.

Conventional

One-Unit: $970,800
Two-Unit: $1,243,050
Three-Unit: $1,502,475
Four-Unit: $1,867,275

FHA on St. Croix

One-Unit: $420,680
Two-Unit: $538,650
Three-Unit: $651,050
Four-Unit: $809,150

Thank you to Bonnie Rapine and Nathan Purdome at Schaffer Mortgage Corp for the update!

Filed Under: St. Croix Mortgage

Indiana Bank to Buy Bank of St. Croix

January 16, 2017 by Team Fedeles

Bank of St. Croix Gallow's Bay
Bank of St. Croix Gallow’s Bay

It was recently made official that United Fidelity Bank, based in Evansville, Indiana, will buy Bank of St. Croix. The two Banks first announced the purchase in mid-2016, but still needed to get final regulatory approval. According to the media, “The deal should close by the end of the month. Full integration between United Fidelity and The Bank of Saint Croix will happen within a few months.”

Bank officials say that with the acquisition we can expect to see expansions in the services offered by Bank of St. Croix, including mobile banking and enhanced lending opportunities. A news story in June of 2016 said that United Fidelity Bank will enable Bank of St. Croix to offer 30-year fixed rate mortgages, increasing its lending limits. We will certainly be keeping tabs on United Fidelity to bring you any news about mortgage opportunities.

That news story also stated that the bank will continue to use the name Bank of St. Croix and the two branches, Gallow’s Bay and Peter’s Rest, will continue to operate. The Bank’s management team and employees will retain their jobs. The acquisition will also allow Bank of St. Croix to offer increased support services in a more cost-effective way.

We’re encouraged by this transaction and eager to continue partnering with Bank of St. Croix to help our clients buy their dream homes!

Filed Under: St. Croix Mortgage

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About David Fedeles

Twice voted Best Real Estate Broker on St. Croix. Coldwell Banker President's Circle three years in a row. Read More…
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St. Croix and New York

David Fedeles is a licensed real estate broker in both St. Croix USVI and New York. If you are looking for your dream home in America’s Paradise, David is ready to work with you!

Contact David Fedeles today!

Tel: 340-778-7000
Cell: 340-690-4665
[email protected]
Office Location:
Coldwell Banker St. Croix Realty | Gallows Bay Mkt
5030 Anchor Way, Suite 12 | Christiansted, VI 00820

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