Question 1

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

Accepted Answer

It varies by program. Some accept scores below 620. A broker review tells you which programs fit your actual profile.

Question 2

Can I combine a community mortgage with down payment assistance?

Accepted Answer

Yes. Many community programs are designed to layer with state and local assistance. Program stacking is common and often reduces upfront costs.

Question 3

Are community mortgages only for first-time buyers?

Accepted Answer

Not always. Some programs target first-time buyers, but others serve repeat buyers in qualified areas. Patterson's market status helps here.

Question 4

How is a community mortgage different from an FHA loan?

Accepted Answer

FHA follows fixed federal guidelines. Community programs can flex on debt ratios, reserves, and income types. They often go where FHA won't.

Question 5

Does seasonal or agricultural income count for these programs?

Accepted Answer

Many community mortgage programs accept alternative income documentation. Stanislaus County employment types are often a good fit.

Question 6

How do I find the right community mortgage program in Patterson?

Accepted Answer

You need a broker with wholesale access. Retail banks rarely carry these. SRK CAPITAL shops 200+ lenders to match your profile to the right program.

Community Mortgages in Patterson, CA