Question 1

What credit score do I need for a community mortgage in Crescent City?

Accepted Answer

Most community programs accept 580 scores with homebuyer education. Some portfolio lenders go to 560 for strong applications.

Question 2

Can seasonal workers in Del Norte County qualify?

Accepted Answer

Yes. Community lenders average 24 months of seasonal income. Fishing and tourism employment qualify with proper documentation.

Question 3

How does this compare to FHA for Crescent City buyers?

Accepted Answer

Community mortgages often charge lower mortgage insurance than FHA. Down payments match at 3-3.5% but monthly costs run lower.

Question 4

Do these programs work for properties outside city limits?

Accepted Answer

Rural Del Norte County properties qualify for expanded programs. Location determines which community lending options apply.

Question 5

What income documentation works for irregular employment?

Accepted Answer

Two years of tax returns establish average income. Bank statements verify deposits for cash-based or seasonal work.

Community Mortgages in Crescent City: Flexible Paths to Homeownership