If you’re interesting in buying a Santa Clarita condo in 2020, the New Year brings with it a continuation of a short supply of homes. Good news for low down payment FHA loan borrowers is that there are 38 Santa Clarita condo communities that are FHA approved as of today. This means you can utilize an FHA loan that offers you a 3.5% low down payment in these approved communities. The bad news… of the 38 communities, 22 of them will see their FHA approval EXPIRE in 2020. Some will be renewed, some will not.
If you’d like a list of FHA approved communities to aid your search for a home purchase in Santa Clarita, please contact me right away at 661-373-2374 so I can email that to you. My goal is to ensure you have as many home buying options as possible in 2020. With a tight inventory, the more communities available to you for an FHA loan, the better your choices will be as not all communities will be to your liking or within your budget potentially regardless of their FHA approval status.
CA DRE# 01313126
Robert Mickalson, Realtor
