As a tribally owned, federally chartered, governmental agency, we strive to increase affordable and sustainable homeownership opportunities nationwide for all creditworthy, low- to moderate-income individuals.
CBC Mortgage Agency was formed in 2013 by the Cedar Band Corporation, a tribally owned enterprise wholly owned by the Cedar Band of Paiutes, with a goal to diversify the tribe’s business interest. Cedar Band Corporation operates 9 subsidiaries both on and off the reservation to promote economic self-sufficiency.
Through the Chenoa Fund program, CBC Mortgage Agency offers down payment assistance to creditworthy, low- to moderate income individuals. Our program is offered to all creditworthy individuals nationwide, excluding New York state. CBC Mortgage Agency partners with quality mortgage lenders on a correspondent basis.
CBC Mortgage Agency is dedicated to increasing homeownership in diverse communities. To date, we have assisted over 25,000 borrowers with their down payment, of which 55% are minority and 75% are first-time homebuyers. To assist all our borrowers successfully transition to homeownership, we provide 18 months of post purchase counseling from a HUD-approved counseling agency.
CBC Mortgage Agency is not affiliated with or acting on behalf of the FHA, FNMA, VA, or USDA. The Chenoa Fund program has not been reviewed or approved by HUD, FHA, or FNMA.