Because California is a community property state, certain housing communities like Leisure World evaluate married couples and registered domestic partners based on their combined (joint) income and assets. This means that when both partners are on title or applying together, their total financial picture is considered to determine eligibility.
In contrast, unmarried buyers are not permitted to combine their incomes for qualification purposes. Each person must individually meet the minimum income and asset requirements for the specific Mutual (neighborhood or co-op association) they are applying to.
It’s important to note that each Mutual within Leisure World has its own distinct income and financial qualification standards. These can vary depending on factors such as property type, size, and amenities. Because of these differences, the best approach is to contact your real estate representative to review your financial situation and identify which Mutuals you may qualify for. We can be reached at [email protected] or 562.280.4631
