Effect as of 4/8 there will no longer be a Condo adjustment applied to HomeReady loans. However, the Condo adjustment will still apply to Conventional 97 loans.
CBC Mortgage Agency
NMLS: 1186381
912 W. Baxter Drive, Suite 150
South Jordan, Utah 84095
The Chenoa Fund® program has not been reviewed or approved by HUD or FHA. This site is for information purposes and is used by licensed industry professionals. The site and the information contained therein is not a solicitation to lend money to consumers. For licensing information, go to: www.nmlsconsumeraccess.org. Illinois Residential Mortgage License #MB.6761292. Illinois Department of Financial and Professional Regulation, Division of Banking, 100 West Randolph, 9th Floor, Chicago, IL 60601 – 1-888-473-4858. Georgia Residential Mortgage Licensee, License # 1186381. The Chenoa Fund program is not currently offered in New York.
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