Question 1

What makes a community mortgage different from FHA?

Accepted Answer

Community mortgages target underserved markets with extra flexibility on credit and income. FHA has set rules; community programs can go further.

Question 2

Does Taft qualify for community mortgage programs?

Accepted Answer

Yes. Taft fits the profile of an underserved community that these programs target. Eligibility still depends on borrower and lender criteria.

Question 3

Can oil field workers qualify for community mortgages?

Accepted Answer

Irregular or seasonal income is often handled more practically under community mortgage guidelines. It depends on the specific program and lender.

Question 4

Can I combine a community mortgage with down payment assistance?

Accepted Answer

In many cases, yes. Stacking assistance programs can reduce your upfront costs. A broker can confirm which combinations are available.

Question 5

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

Accepted Answer

Requirements vary by lender and program. Community mortgages generally allow lower scores than conventional loans. Rates vary by borrower profile and market conditions.

Question 6

Why use a broker instead of a bank for community mortgages?

Accepted Answer

Most retail banks don't offer these programs. A broker with wholesale access can find options your local bank simply can't provide.

Community Mortgages in Taft, CA — Built for Real Buyers