Question 1

Who qualifies for community mortgages in Elk Grove?

Accepted Answer

Low-to-moderate income borrowers in underserved communities are the target. Flexible credit and income guidelines make qualification more accessible than conventional loans.

Question 2

Are community mortgages the same as FHA loans?

Accepted Answer

No — they're separate programs. Community mortgages often have more flexible criteria and can sometimes be combined with other assistance programs.

Question 3

Can I stack down payment assistance with these programs?

Accepted Answer

Often yes. Sacramento County offers assistance programs that may pair with community mortgages. A broker can identify which combinations work.

Question 4

Do I need perfect credit to apply?

Accepted Answer

No. That's the point of these programs. Qualification criteria are designed to accommodate borrowers who don't fit conventional loan boxes.

Question 5

Is homebuyer education required?

Accepted Answer

Many community mortgage programs require it. It's typically a short online course — a small step that keeps these programs accessible and responsible.

Community Mortgages in Elk Grove, CA