Question 1

Who are community mortgages designed for in Tiburon?

Accepted Answer

Borrowers with non-traditional income, lower credit scores, or thin credit files. These programs fill gaps that FHA and conventional loans don't cover.

Question 2

Do community mortgage programs work in high-cost areas like Marin County?

Accepted Answer

Yes. Some programs have higher loan limits in designated high-cost counties. Marin County often qualifies for expanded limits.

Question 3

Is mortgage insurance required on community mortgage programs?

Accepted Answer

It depends on the specific program and lender. Some require it, others don't. We compare options across lenders to find the lowest total cost.

Question 4

Can I combine a community mortgage with down payment assistance?

Accepted Answer

Often yes. Many community programs are built to stack with state or county down payment assistance. We check CalHFA and other sources for every file.

Question 5

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

Accepted Answer

Some programs start at 580 or below. Qualification depends on the full file — income, reserves, and debt load all factor in. Rates vary by borrower profile and market conditions.

Community Mortgages in Tiburon, CA