Chenoa Fund Blog

03/03/2022 Version 11.12 All policy changes and updates are referenced below to the appropriate section of the CLG. These policy changes are effective 03/03/2022 unless otherwise noted. To review the program guidelines changes made February 17, 2022, or earlier, please follow this link to the archived Correspondent Lending Guides. These updates apply to everyone using … Continue reading "22-03-03 Announcement—March 3 2022 Program Guidelines Update"

The refinance market has been extremely hot during recent years. Specifically, not long after COVID lockdowns started many lenders found themselves doing so many refinances that it became difficult to make the time to originate a mortgage, much to the frustration of some borrowers looking to take advantage of low rates. But in recent months … Continue reading "Why Mortgage Lenders are Pivoting to Home Purchases Rather Than Refinances"

Version 11.11 All policy changes and updates are referenced below to the appropriate section of the CLG. These policy changes are effective 02/17/2022 unless otherwise noted. To review the program guidelines changes made February 3, 2022, or earlier, please follow this link to the archived Correspondent Lending Guides. These updates apply to everyone using the … Continue reading "22-02-17 Announcement—February 17 2022 Program Guidelines Update"

Version 11.10 All policy changes and updates are referenced below to the appropriate section of the CLG. These policy changes are effective 02/03/2022 unless otherwise noted. To review the program guidelines changes made January 20, 2022, or earlier, please follow this link to the archived Correspondent Lending Guides. These updates apply to everyone using the … Continue reading "22-02-03 Announcement—February 3 2022 Program Guidelines Update"

There’s a common misconception among potential homeowners that a 20% down payment is required to purchase a home—in fact, about one in three would-be homeowners believe this according to Freddie Mac. This misconception causes many future homeowners to believe that it will be years before they can purchase a home, or that homeownership will always be out … Continue reading "How Lenders Can Grow Millennial Homeownership"

With home prices rocketing up across the nation, more and more homebuyers are beginning to feel that purchasing a home may just never be in the cards. Fortunately, there are a lot of homebuyer assistance options that can help turn owning a home from a dream to reality. In this article we’ll discuss how homebuyers … Continue reading "How Homebuyers can Get a Home with Little to No Down Payment"

Version 11.9 All policy changes and updates are referenced below to the appropriate section of the CLG. These policy changes are effective 01/20/2022 unless otherwise noted. To review the program guidelines changes made December 9, 2021, or earlier, please follow this link to the archived Correspondent Lending Guides. These updates apply to everyone using the … Continue reading "22-01-20 Announcement—January 20 2022 Program Guidelines Update"

Purchasing a home is one of the biggest personal and financial decisions you will ever make. With the constant evolution of the housing and job markets, it can be tough to determine a rough number to save in order to buy a house, and without a rough number to shoot for it’s hard to set … Continue reading "How Much Money Do You Need to Buy a House?"

Buying a home can be a long and complicated process, especially for first-time homebuyers without family or friends to give them pointers. It isn’t made easier by the fact that many of the steps to buy a home may happen at the same time, or slightly staggered, or in different orders depending on your personal … Continue reading "Getting To Know The Home Buying Process"

Version 11.8 All policy changes and updates are referenced below to the appropriate section of the CLG. These policy changes are effective 12/09/2021 unless otherwise noted. To review the program guidelines changes made November 18, 2021, or earlier, please follow this link to the archived Correspondent Lending Guides. These updates apply to everyone using the … Continue reading "21-12-09 Announcement—December 9 2021 Program Guidelines Update"