The Chenoa Fund Borrower Spotlight shares the stories of borrowers who used Chenoa Fund to become homeowners. Owning a home isn’t for everyone, but there are many Americans who could be homeowners with just a little bit of help. That’s where Chenoa Fund steps in. This is the story of Theo*, who purchased his home late last year.
CBC Mortgage Agency aka Chenoa Fund has been a life-changing experience, to say the least. [M]y mortgage experience was extremely limited. I believed a lot of the home-buying myths and did not understand the importance of homeownership. The one thing I could remember is you need 20% to purchase a home. This kept me from purchasing a home. Home prices kept increasing and I couldn't save fast enough to keep up.
My journey began in 2018 and slowly I started to believe I could purchase a home. Towards the end of 2018, my wife and I made a goal to purchase a home. With some careful planning and big help from Chenoa Fund, we were able to secure the down payment needed to purchase a home. In late 2019, my wife and I were able to purchase a home in Herriman, UT. This event was bigger than just purchasing a home. It was a mindset change. It took belief, dedication, and hard work. Now in everything we do, we think ownership before renting.
We’re grateful that Theo was able to break through the myths and find a way to achieve homeownership through Chenoa Fund. Now he and his family can reap the blessings of being homeowners!
You can read about more borrowers who achieved the blessing of homeownership through Chenoa Fund here. Reach out to email@example.com to learn more about how you can offer Chenoa Fund, or to learn how to access Chenoa Fund in purchasing your future home.« 21-01-04 Announcement—January 4 2021 Program Guidelines Update