Question 1

Who are community mortgages designed for in San Francisco?

Accepted Answer

Borrowers in underserved communities who face barriers with standard loan programs. Thin credit, lower income, and non-traditional employment are common borrower profiles.

Question 2

Can I stack a community mortgage with SF down payment assistance?

Accepted Answer

Yes, and it's one of the best moves you can make in this market. Ask your broker which city or county DPA programs pair with the loan.

Question 3

What credit score do I need for a community mortgage in SF?

Accepted Answer

Requirements vary by lender and program. Community loans are specifically designed with lower score thresholds than conventional loans. Rates vary by borrower profile and market conditions.

Question 4

Are community mortgages available for condos in San Francisco?

Accepted Answer

Many programs cover condos, but lenders check the building's approval status first. SF has a large condo market, so this step matters — confirm eligibility early.

Question 5

How is a community mortgage different from an FHA loan?

Accepted Answer

Community programs often offer more income flexibility and different mortgage insurance structures. FHA is more standardized — community loans are tailored to specific borrower needs.

Question 6

Do I need to be a first-time buyer to use these programs in SF?

Accepted Answer

Not always. Some programs are open to repeat buyers in targeted areas. First-time buyer status often unlocks additional benefits, but it's not always required.

Community Mortgages in San Francisco, CA