Question 1

Who qualifies for community mortgages in San Juan Capistrano?

Accepted Answer

Buyers in moderate-income households often qualify. Eligibility depends on income limits tied to Orange County's median income and household size.

Question 2

Do community mortgage programs have income caps?

Accepted Answer

Yes, most do. Orange County's median income is the benchmark lenders use to set the ceiling.

Question 3

Can I combine a community mortgage with down payment assistance?

Accepted Answer

Some programs allow it. A broker can tell you which combinations are approved before you apply.

Question 4

Are there resale restrictions on community mortgage homes?

Accepted Answer

Some programs include them. Always review the full loan terms before committing to a community mortgage product.

Question 5

How is a community mortgage different from an FHA loan?

Accepted Answer

Community programs target specific eligible populations with tailored criteria. FHA is a broad federal program open to most buyers.

Question 6

Do all lenders in Orange County offer these programs?

Accepted Answer

No. Many retail lenders skip them. Working with a broker gives you access to wholesale lenders who actively participate.

Community Mortgages in San Juan Capistrano