Question 1

Who qualifies for community mortgages in Healdsburg?

Accepted Answer

Buyers with non-traditional income, lower credit scores, or limited savings. Local workers in hospitality and agriculture are common fits.

Question 2

Are these programs only for first-time buyers?

Accepted Answer

Not always. Some programs target first-time buyers, but others serve repeat buyers in underserved communities. It depends on the specific program.

Question 3

Can I combine this with down payment assistance?

Accepted Answer

Yes, in many cases. Sonoma County has assistance programs that layer with community mortgages. A broker can match the right combination.

Question 4

How do community mortgages differ from FHA loans?

Accepted Answer

Community programs can be more flexible on income documentation and debt ratios. FHA has stricter federal guidelines that apply across the board.

Question 5

Do Healdsburg property prices affect eligibility?

Accepted Answer

Yes. Loan limits apply to most programs. Higher Sonoma County prices can affect how much you can borrow under each program's cap.

Community Mortgages in Healdsburg, CA