You heard that right, the Mariposa townhomes in Saugus are now FHA approved! This is fantastic news for Santa Clarita home buyers that are short on FHA approved condo options. Located in the Plum Canyon area of Saugus, the Mariposa condos and townhomes have become very popular among home buyers for several reasons:

1) Newer construction, built around 2006

2) Some units have sizable backyards

3) Private garages with direct access to your unit

4) Beautiful pool and recreation center

5) Lower HOA fees compared to other condo communities

If you have been considering buying a condo in Santa Clarita but were going to use a conventional loan, you might even want to look into the differences of an FHA loan vs conventional financing.

The Mariposa townhomes in Saugus may now even be poised to have higher home value appreciation than it would have, had this FHA approval status not materialized. Now that the community is open to many more home buyers that would have otherwise not been able to buy there, home sellers at the Mariposa townhomes should have an even easier time making a sale happen as the pool of buyers is now larger.

I’ll continue to update you on the exciting changes in the Santa Clarita real estate market. This is one of the most exciting though that has happened in quite a while due to the sheer size of the Mariposa townhomes (over 500 units)… what a great way to end 2013. Let’s hope for more great news as we enter 2014. Happy New Year!