Question 1

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

Accepted Answer

Most programs accept 580-620 scores. Lower scores may qualify with compensating factors like higher down payments or cash reserves.

Question 2

Can I use community mortgages for investment properties?

Accepted Answer

No, these programs require owner occupancy. You must live in the home as your primary residence, typically for at least three years.

Question 3

How do income limits work for Suisun City community mortgages?

Accepted Answer

Limits vary by program but generally cap at 80-120% of Solano County median income. We calculate your total household income against current thresholds.

Question 4

What down payment assistance is available in Solano County?

Accepted Answer

County programs offer 3-5% of purchase price as grants or deferred loans. These often require no repayment if you stay five years.

Question 5

Do community mortgages have mortgage insurance requirements?

Accepted Answer

Most require MI if you put down less than 20%. Some programs subsidize premiums or offer lender-paid options to reduce monthly costs.

Question 6

How long does community mortgage approval take?

Accepted Answer

Expect 30-45 days for manual underwriting. The process reviews your full financial picture rather than relying on automated decisions.

Community Mortgages in Suisun City: Flexible Paths to Homeownership