Question 1

Who qualifies for community mortgages in Walnut Creek?

Accepted Answer

Borrowers earning below area median income limits, typically 80-120% depending on household size. Credit scores usually need to be 580-620 or higher.

Question 2

Do I have to repay down payment assistance?

Accepted Answer

Depends on the program. Many grants require no repayment if you stay in the home for a set period, usually 3-5 years.

Question 3

How long does approval take?

Accepted Answer

Expect 45-60 days from application to closing. Extra documentation and program compliance checks add time compared to conventional loans.

Question 4

Can I use these programs on condos?

Accepted Answer

Yes, if the condo is on the approved property list and meets program price limits. We verify eligibility before you make an offer.

Question 5

What are the income limits for Contra Costa County?

Accepted Answer

Limits change annually and vary by household size. A family of four typically qualifies up to $120,000-160,000 depending on the specific program.

Community Mortgages in Walnut Creek: Flexible Paths to Homeownership