Question 1

Who qualifies for a community mortgage in Highland?

Accepted Answer

Buyers with limited credit history, non-traditional income, or lower down payments often qualify. These programs are built for underserved borrowers standard loans miss.

Question 2

Do community mortgages cost more than FHA loans?

Accepted Answer

Not always. Some community programs have lower mortgage insurance costs than FHA. Compare both side by side before deciding.

Question 3

Can I use down payment assistance with a community mortgage?

Accepted Answer

Yes, many community programs allow stacking with state or county assistance. Ask your broker which programs are combinable.

Question 4

Is Highland in a qualifying area for these programs?

Accepted Answer

Highland and much of San Bernardino County qualify for community lending programs targeting underserved markets. Eligibility depends on your lender and program.

Question 5

What credit score do I need for a community mortgage?

Accepted Answer

Requirements vary by program. Many community mortgage options are more flexible than conventional loans. A broker can match you to the right program for your profile.

Community Mortgages in Highland, CA