Alabama Down Payment Assistance
Down payment assistance programs offered by CBC Mortgage Agency are available in Alabama. CBC Mortgage Agency offers its Chenoa Fund down payment assistance in Alabama through approved lenders. Homebuyers in Alabama looking for down payment assistance may apply for Chenoa Fund down payment assistance through an approved lender.
The down payment 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 depending on the type of assistance selected.
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