Question 1

Who qualifies for a community mortgage in Fillmore?

Accepted Answer

Borrowers with lower incomes, thin credit files, or non-traditional employment are the target. Income limits vary by household size and program.

Question 2

Do I need to be a first-time buyer?

Accepted Answer

Many community programs require it, but not all. Some allow repeat buyers if income limits are met.

Question 3

Can I combine this with down payment assistance?

Accepted Answer

Yes. Community mortgages frequently pair with DPA programs like CalHFA. That can reduce or eliminate your upfront cash requirement.

Question 4

Is Fillmore eligible for USDA loans too?

Accepted Answer

Parts of Ventura County may qualify for USDA rural designation. We check eligibility on every deal before recommending a program.

Question 5

How is this different from an FHA loan?

Accepted Answer

Community programs often have more flexible income rules and better mortgage insurance terms. FHA is more standardized but may cost more over time.

Community Mortgages in Fillmore, CA