Question 1

Who qualifies for community mortgages in Novato?

Accepted Answer

Borrowers in underserved communities with flexible credit or income profiles. Specific criteria depend on the program.

Question 2

Are there income limits for these programs?

Accepted Answer

Most community programs cap income as a percentage of area median income. Marin County AMI runs high, so limits may be generous.

Question 3

Can I combine this with down payment assistance?

Accepted Answer

Often yes. Layering programs is one of the biggest advantages. Not all combinations are allowed, so verify before applying.

Question 4

How is this different from an FHA loan?

Accepted Answer

FHA is a government-backed program with set rules. Community mortgages vary by lender and may offer more flexibility.

Question 5

Do I need perfect credit to qualify?

Accepted Answer

No. Flexible credit guidelines are a core feature of these programs. Each program sets its own minimum thresholds.

Question 6

Can SRK CAPITAL help me find the right program?

Accepted Answer

Yes. We shop across 200+ wholesale lenders to match your profile to the best available program in Marin County.

Community Mortgages in Novato, CA