Chenoa Fund Blog

All policy changes and updates are referenced below to the appropriate section of the CLG. These policy changes are effective January 1, 2023, unless otherwise noted. This announcement, and previous announcements, are also available on the Announcements page of our website. These updates apply to everyone using the Chenoa Fund program—correspondents and TPO. 5.11 | … Continue reading "Program Update for December 12-23-2022"

We could not be more excited! On January 19, 2021, HUD and the Federal Housing Administration began allowing DACA recipients to apply for FHA mortgages. This excellent news means that thousands more immigrants will be able to access affordable homeownership through FHA’s mortgage program and through down payment assistance programs (which have helped thousands of … Continue reading "Chenoa Fund Opened to Thousands More with Recent FHA Announcement"

FHFA has announced that the conforming loan limits for 2021 will increase to $548,250. (Find the original announcement here.) CBCMA always follows Agency guidelines with regards to loan limits; conventional loans at or under this limit may qualify for Chenoa Fund down payment assistance, provided they meet Chenoa Fund’s other requirements. Conventional high balance loans, … Continue reading "FHFA Announces 2021 Conforming Loan Limits"

Written by Cari Zwick, CBC Mortgage Agency Corporate Account Director As Thanksgiving quickly approaches (it’s tomorrow… can you believe), I just wanted to take a quick second and share some thoughts. My grateful list looks a little different this year. 2020 has definitely been one for the books! Last year if you would have asked … Continue reading "We’re thankful for…"

Here at CBC Mortgage Agency (provider of Chenoa Fund), one of our main initiatives is to bridge the gap to homeownership specifically in minority groups. While we understand this is a big feat to undertake, it is with help of partnerships with groups like the National Association of Real Estate Brokers that we are able … Continue reading "LenderConnect: DPA Audible #2: Millennial Homeownership (#HTTC) with Qiana Jones of NAREB and Carlton Realty"

Getting started on the homebuying process can be difficult—particularly for first-time homebuyers, who can’t rely on selling a home to help them afford a new one. Fortunately, there are a lot of ways to prepare to afford a home, not all of which involve padding your bank account. Here are 5 tips to help you … Continue reading "5 Tips to Help You Afford Your First Home"

Well, it looks like you have already started step one in the home buying process, research! It can feel daunting once you begin to realize the different aspects of purchasing a home. The good news is lenders and realtors are great resources to help you get into your dream home. With knowledge and the right … Continue reading "Three Steps For Millennials To Prepare For Their First Home Purchase"

CBC Mortgage Agency is excited to announce an expansion to Chenoa Fund! Starting September 15th, we are now allowing borrowers to receive 5% down payment assistance through our Rate Advantage product. Buyers, sellers, and lenders, let out a cheer! The current, crazy market is a seller’s market for sure, which can be very difficult for … Continue reading "High Five for 5% Down Payment Assistance!"

Buying a home is one of the most expensive (if not THE most expensive) purchase you’ll make in your lifetime. Homebuyer Education Webinar September 8, 2020 at 7pm MST REGISTER HERE Who is invited? Everyone! We’ll be focused on the end borrower, but if you are a loan officer or realtor looking for more information … Continue reading "National Homebuyer Education Event: Dream Higher with Cari Zwick of Chenoa and Liz Owens of OnQ Financial"

FOR IMMEDIATE RELEASE: August 22, 2020 CONTACT: Jamie Morris (530) 545-9274 CBC Mortgage Agency Applauds Cedar Band’s Letter to Congress Band’s Chairwoman Implores Members to Request HUD Consider Long-Term Ramifications of Pending Rule CEDAR CITY, Utah – CBC Mortgage Agency this week applauded a letter sent to all 535 members of Congress, underscoring serious concerns about a … Continue reading "FOR IMMEDIATE RELEASE: CBC Mortgage Agency Applauds Cedar Band’s Letter to Congress"