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Quincy sits in Plumas County, where the Treasure Canyon gold mine project signals renewed regional investment. Home prices here remain accessible compared to coastal California.
The county's median household income of $64,946 supports purchases in the $300,000 to $450,000 range. Community Mortgages serve exactly this demographic—local buyers with solid income and modest down payments.
620+
Minimum FICO
3–5%
Minimum Down Payment
$64,946
County Median Income
30–45 days
Closing Timeline
Community Mortgages in Quincy
Community Mortgages typically require a 620+ FICO score and accept down payments as low as 3% to 5%. Debt-to-income ratios usually cap at 43% to 50%.
At Plumas County's median household income of $64,946, a buyer can qualify for a loan around $280,000 to $350,000. Self-employed borrowers often find Community Mortgages more accommodating than traditional banks.
Local decision guide
Use this guide to connect community mortgages eligibility, lender expectations, and local market factors before comparing payment options in Quincy.
Quincy sits in Plumas County, where the Treasure Canyon gold mine project signals renewed regional investment. Home prices here remain accessible compared to coastal California.
The county's median household income of $64,946 supports purchases in the $300,000 to $450,000 range. Community Mortgages serve exactly this demographic—local buyers with solid income and modest down payments.
Community Mortgages typically require a 620+ FICO score and accept down payments as low as 3% to 5%. Debt-to-income ratios usually cap at 43% to 50%.
Community Mortgages operate through broker networks and credit unions across California. These lenders focus on relationship-based underwriting rather than pure algorithmic approval.
Closing timelines typically run 30 to 45 days for Community Mortgages in Plumas County. Local brokers have established relationships with these lenders, reducing delays.
Community Mortgages make the most sense in Quincy for buyers with 3% to 10% down and a FICO above 640. At the county's median income level, conventional loans with PMI often cost more per month.
Community Mortgages fall short above $400,000 in loan amount. Jumbo and conforming products become more competitive once you exceed that threshold.
Versus FHA loans, Community Mortgages skip the upfront mortgage insurance premium (1.75% of the loan). FHA rates run lower, but the insurance never cancels unless you refinance.
Versus conventional loans with 5% down, Community Mortgages often carry a slightly higher rate but accept lower FICO scores. The trade-off is worth it for self-employed buyers.
Feather River College's Upward Bound program expands college access for Plumas County students. This signals long-term investment in the region's workforce and property values.
The new 2,000-acre state park along the Feather River in adjacent Yuba County brings outdoor recreation within 30 minutes of Quincy. Parks and river access attract younger families to the region.
Most Community Mortgages start at 620 FICO, though 640+ gets better rates. Plumas County lenders work with borrowers below 660 when income is solid.
Yes. Community Mortgages accept 3% down in many cases, especially with a co-signer. Call for specifics on your scenario.
Community Mortgages skip the upfront 1.75% mortgage insurance fee. FHA rates run lower but carry lifetime insurance unless you refinance.
No. Community Mortgages serve W-2 employees, self-employed borrowers, and gig workers equally. The program is built for flexible income documentation.
Expect 30 to 45 days from application to closing. Local broker relationships keep the process moving without unnecessary delays.