Down Payment Assistance in Illinois
CBC Mortgage Agency provides down payment assistance in Illinois to individuals that are interest in purchasing a home through the Chenoa Fund Down Payment Assistance Program. Eligible candidates who qualify for the down payment assistance may be first-time homebuyers or homebuyers who have purchased a home before. Down payment assistance in Illinois offered by CBC Mortgage Agency provides the funds for the minimum down payment needed for an FHA loan.
Homebuyers looking for down payment assistance in Illinois are welcome to apply for the Chenoa Fund down payment assistance program using an approved lender. The assistance comes in the form of secondary financing of up to 5% of the home sale price or appraised value, whichever is lower. That amount may be either forgivable or repayable and may require a monthly payment based on which option is selected.
CBC Mortgage Agency is Your Trusted Partner for Down Payment Assistance
CBC Mortgage Agency has been helping low-to-moderate income individuals and families achieve their dream of homeownership for ten years. We understand the unique challenges faced by homebuyers, and we are dedicated to providing affordable solutions through our various programs.
Contact us today for more information on down payment assistance in Illinois!
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First-Time Homebuyer Programs
CBC Mortgage Agency has several first-time homebuyer programs in Illinois, however you do not need to be a first-time homebuyer to apply for the assistance. These first-time homebuyer programs are designed for individuals and families with low-to-moderate income, making it easier for them to purchase homes.
The Down Payment Assistance Program Remains Funded All Year Long.
The Chenoa Fund down payment assistance program is not a bond program. This means that CBC Mortgage Agency isn’t at risk of running out of funds for its down payment assistance.
