Question 1

Who qualifies for a community mortgage in Garden Grove?

Accepted Answer

Buyers in underserved communities with flexible income or credit profiles. Income limits and property location may also factor into eligibility.

Question 2

Do community mortgages require mortgage insurance?

Accepted Answer

It depends on the specific program and lender. Some community loan products reduce or eliminate PMI — ask your broker to compare.

Question 3

Can I use a community mortgage to buy in any Garden Grove neighborhood?

Accepted Answer

Most community mortgage programs are tied to borrower eligibility, not property location. Your broker can confirm which programs apply.

Question 4

How is a community mortgage different from an FHA loan?

Accepted Answer

FHA has set national guidelines. Community programs vary by lender and may offer more flexibility on income type or credit history.

Question 5

Can I combine a community mortgage with down payment assistance?

Accepted Answer

Yes, in many cases. Some programs are specifically designed to pair with CalHFA or county-level down payment assistance.

Question 6

Does SRK CAPITAL offer community mortgage programs in Garden Grove?

Accepted Answer

Yes. We work with 200+ wholesale lenders and actively match Garden Grove buyers to community loan programs they qualify for.

Community Mortgages in Garden Grove, CA