Question 1

Who qualifies for community mortgages in Santa Paula?

Accepted Answer

Borrowers with lower credit scores or non-traditional income are the target. Income limits tied to Ventura County area median income usually apply.

Question 2

Are community mortgages the same as FHA loans?

Accepted Answer

No. Community programs have separate guidelines and are often offered through different lenders. They may have lower fees than FHA in some cases.

Question 3

Can I use down payment assistance with a community mortgage?

Accepted Answer

Many community programs are structured to layer with DPA grants or second loans. Ask your broker which combinations are currently approved.

Question 4

Do these programs work for agricultural workers in Ventura County?

Accepted Answer

Yes, seasonal or agricultural income can qualify under flexible documentation guidelines. The key is showing consistent income history over time.

Question 5

What credit score do I need for a community mortgage?

Accepted Answer

Requirements vary by lender and program. Some programs go below the 620 floor that conventional loans require — but terms vary widely.

Community Mortgages in Santa Paula, CA