Question 1

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

Accepted Answer

Most programs accept 580, some go lower with compensating factors like larger down payments or strong employment. We match your profile to the right lender overlay.

Question 2

Do community mortgages have income limits?

Accepted Answer

Yes, typically 80-120% of area median income depending on program. These limits ensure loans serve their intended purpose of helping underserved buyers.

Question 3

Can I use community mortgages with down payment assistance?

Accepted Answer

Absolutely. Yolo County and state programs stack with community mortgages. We coordinate both to minimize your upfront cash.

Question 4

How do community mortgage rates compare to FHA?

Accepted Answer

Rates typically match FHA, sometimes slightly lower. The real savings come from reduced mortgage insurance over the loan life.

Question 5

What neighborhoods in Woodland qualify for community mortgages?

Accepted Answer

Most residential areas qualify since programs focus on borrower income, not property location. Luxury properties above conforming limits won't work.

Question 6

Do I need to be a first-time homebuyer?

Accepted Answer

Not always. Some programs require it, others just need income and credit eligibility. We identify which programs fit your situation.

Community Mortgages in Woodland: Flexible Paths to Homeownership