Question 1

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

Accepted Answer

Most programs accept 580-620 scores. Some lenders review your full credit history rather than relying solely on the score number.

Question 2

Can I use a community mortgage for properties outside Ukiah city limits?

Accepted Answer

Yes. Community mortgages work throughout Mendocino County including unincorporated areas. Property condition matters more than exact location.

Question 3

Do community mortgages have income limits like USDA loans?

Accepted Answer

Some programs have limits but they're typically higher and more flexible than USDA. Income source matters more than total amount.

Question 4

How much higher are community mortgage rates versus conventional?

Accepted Answer

Expect 0.25-0.75% above conventional rates as of February 2026. Rates vary by borrower profile and market conditions.

Question 5

Can self-employed cannabis workers get community mortgages?

Accepted Answer

Yes, if income is documented through tax returns. Federal lending rules still apply, but documentation is more flexible than conventional loans.

Question 6

What down payment do I need for a community mortgage?

Accepted Answer

Most programs require 3-5% down. Down payment assistance and seller credits can often cover closing costs.

Community Mortgages in Ukiah: Flexible Financing for Local Homebuyers