Question 1

Who qualifies for community mortgages in Marina?

Accepted Answer

Buyers with moderate income, limited savings, or non-traditional credit histories are the target. Eligibility depends on the specific program and lender.

Question 2

Are community mortgages available for Marina veterans?

Accepted Answer

Some programs can layer with VA benefits for eligible borrowers near Fort Ord. Ask your broker which combinations are available.

Question 3

Do these programs have income limits in Monterey County?

Accepted Answer

Most do. Limits vary by program and household size. Verify current Monterey County limits before applying.

Question 4

How do community mortgages compare to FHA loans?

Accepted Answer

Both target buyers who need flexible guidelines. Community programs sometimes offer better terms for buyers in designated areas.

Question 5

Can I stack down payment assistance with a community mortgage?

Accepted Answer

Often yes. Pairing assistance programs with a qualifying loan is one of the most effective strategies we use for Marina buyers.

Community Mortgages in Marina, CA