Question 1

Who qualifies for a community mortgage in Guadalupe?

Accepted Answer

Borrowers with lower incomes, limited credit history, or non-traditional income often qualify. These programs are built for borrowers conventional lenders turn away.

Question 2

Can I combine down payment assistance with a community mortgage?

Accepted Answer

Yes. Many community programs allow gift funds and assistance grants. Santa Barbara County also offers local programs that can be layered in.

Question 3

Does agricultural or seasonal income count?

Accepted Answer

It can. Some community mortgage programs accept alternative income documentation. We'll help structure your file to show the full picture.

Question 4

How is a community mortgage different from FHA?

Accepted Answer

FHA has set credit and down payment rules. Community programs often have softer guidelines and may serve borrowers FHA would still decline.

Question 5

Is Guadalupe eligible for USDA loans?

Accepted Answer

Eligibility depends on property location and income limits. Guadalupe's rural character makes it worth checking — we verify this on every file.

Question 6

What credit score do I need?

Accepted Answer

Requirements vary by program. Some community mortgages go below 640. Rates vary by borrower profile and market conditions.

Community Mortgages in Guadalupe, CA