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San Jose's housing market remains anchored by tech employment and regional wealth. OpenAI's new Mountain View office complex signals continued investment in the valley's job base, supporting buyer confidence.
Santa Clara County's median household income of $159,674 positions most buyers in the upper-income bracket nationally. That income typically supports purchases in the $900,000 to $1,200,000 range, where Community Mortgages compete directly with conventional...
620
Minimum FICO
5% to 20%
Down Payment Range
$159,674
County Median Income
21–30 days
Typical Close
$1,249,125
2026 Conforming Limit
Community Mortgages in San Jose
Community Mortgages typically require a 620+ FICO score and 5% to 10% down payment for conventional purchases. Down payments below 20% carry PMI, which rolls into the monthly payment.
At Santa Clara County's $159,674 median household income, a two-income household can comfortably qualify for loans up to the conforming limit of $1,249,125.
Local decision guide
Use this guide to connect community mortgages eligibility, lender expectations, and local market factors before comparing payment options in San Jose.
San Jose's housing market remains anchored by tech employment and regional wealth. OpenAI's new Mountain View office complex signals continued investment in the valley's job base, supporting buyer confidence.
Santa Clara County's median household income of $159,674 positions most buyers in the upper-income bracket nationally. That income typically supports purchases in the $900,000 to $1,200,000 range, where Community Mortgages compete directly with conventional...
Community Mortgages typically require a 620+ FICO score and 5% to 10% down payment for conventional purchases. Down payments below 20% carry PMI, which rolls into the monthly payment.
California's mortgage market splits between retail banks, wholesale lenders, and brokers. Community Mortgages operate as a broker-friendly product, meaning local brokers can offer it alongside conventional and government loans.
San Jose buyers benefit from broker access to multiple wholesale lenders. Community Mortgages' flexibility on income documentation and credit repair history appeals to self-employed buyers and those with recent credit events.
Community Mortgages shine for San Jose buyers with strong income but imperfect credit or non-traditional employment. A freelance software consultant earning $180,000 annually might struggle with a retail bank's two-year tax-return requirement.
Above $1,249,125, Community Mortgages compete with jumbo lenders on rate and terms. The real advantage appears below that limit, where the program's flexibility on income and credit beats conventional overlays without the PMI costs of FHA.
Conventional loans require 20% down to avoid PMI; Community Mortgages accept 5% to 10% down with PMI. That flexibility costs slightly more in rate, but keeps cash in the buyer's pocket at closing.
FHA loans offer lower rates but carry lifetime mortgage insurance if down payment is under 10%. Community Mortgages' PMI cancels at 78% LTV (typically 8–10 years).
Silicon Valley's Lunar New Year celebration in Santa Clara drew over 200 vendors and a two-day parade in early 2026. That cultural vitality reflects the region's diversity and economic strength — factors that support long-term home values.
Asia Live's opening at Westfield Valley Fair signals retail investment in Santa Clara. New dining and shopping venues support neighborhood appeal and property appreciation. Community Mortgages serve buyers betting on these neighborhoods' continued development.
Minimum FICO is typically 620, though 640+ gets better rates. Recent credit repair or late payments don't automatically disqualify you — Community Mortgages evaluate the full profile, not just the score.
No. PMI applies on any conventional loan with less than 20% down. Community Mortgages accept 5% to 10% down; PMI cancels automatically at 78% LTV, typically in 8–10 years depending on appreciation.
Not always. Community Mortgages accept recent self-employment income with bank statements, profit-and-loss statements, and accountant letters. Freelancers and contractors often qualify faster than with traditional lenders.
Rates available on application — no live pricing for this program at the time of generation. Call for a quote on your specific loan amount and down payment.
Yes. Jumbo loans are available, though they typically require 20% down and 6–12 months of liquid reserves. Rates run 0.125% to 0.5% higher than conforming due to portfolio risk.