Question 1

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

Accepted Answer

Most programs accept 580-620 minimum scores. Manual underwriting means your full credit story matters more than the number alone. Recent credit rebuilding helps even with past issues.

Question 2

Can I use seasonal income to qualify?

Accepted Answer

Yes, if you show two years of consistent seasonal work. Lenders calculate average income across the full year, not just peak earning months.

Question 3

Do community mortgages work for properties outside city limits?

Accepted Answer

Absolutely—rural properties are the core market. Weed and surrounding unincorporated Siskiyou County areas qualify for most community lending programs.

Question 4

How much down payment do I need?

Accepted Answer

Typically 3-5% depending on credit and income strength. Some programs allow gift funds or down payment assistance to cover part or all of this amount.

Question 5

Will self-employment disqualify me?

Accepted Answer

No. Community mortgages accept self-employment common in Weed—contractors, guides, small business owners. You'll need tax returns showing consistent income history.

Question 6

How do community mortgage rates compare to conventional loans?

Accepted Answer

Expect rates 0.25-0.75% higher than conventional. The tradeoff: you qualify when conventional lenders say no. Rates vary by borrower profile and market conditions.

Community Mortgages in Weed: Programs Built for Rural Northern California Buyers