Question 1

What is a community mortgage program?

Accepted Answer

It's a loan designed for buyers in underserved areas with flexible credit and income rules. Standard loans often exclude these borrowers.

Question 2

Do I need perfect credit to qualify in Cotati?

Accepted Answer

No. Community programs accept lower scores than conventional loans. Requirements vary by specific program.

Question 3

Can I combine this with down payment assistance?

Accepted Answer

Often yes. Stacking community mortgage programs with DPA is one of the most effective moves for low-down-payment buyers.

Question 4

Are there income limits for these programs?

Accepted Answer

Most community mortgage programs include income caps. We verify current limits for Sonoma County before you apply.

Question 5

How is a broker better than going to my bank?

Accepted Answer

Your bank offers its own products only. We search 200+ lenders to find programs your bank likely doesn't carry.

Question 6

Is homebuyer education required?

Accepted Answer

Many community programs require a short HUD-approved course. It typically takes a few hours online.

Community Mortgages in Cotati, CA