Welcome to Chenoa Talk. A collection of blog posts about all things related to home buying! Whether you’re a first-time homebuyer or an experienced pro looking for valuable tips and knowledge, our blog guides you through challenges and the home purchasing process.

How USDA Loans Make Homeownership More Affordable 

As home prices continue to rise—even in rural areas—the dream of owning a home becomes increasingly challenging for first-time buyers. When mortgage rates are also rising, that dream can feel even more distant than ever. But that doesn’t necessarily mean the dream is out of reach.   With the right guidance, you'll discover that there are […]

Cash Required to Buy a Home 

For most first-time homebuyers, understanding the true cost of homeownership isn’t easy. There’s the down payment, of course. But there are many other costs that you may have never heard of and probably wouldn’t expect.  Figuring out how much cash you need can be especially difficult when home prices and interest rates are rising. But […]

A New Chapter in Our Story: Our Dynamic Rebranding

As proof that time does indeed fly, this year marks the 10th anniversary of CBC Mortgage Agency (CBCMA). We know, we can hardly believe it ourselves! Since our founding in 2013, we have become pioneers in providing down payment assistance (DPA) to homebuyers who are most in need and a trusted partner to mortgage lenders […]

The Case of the Disappearing Down Payment—And How to Solve It

Many Americans spend years saving up enough money for a down payment on a home. Under normal circumstances, the endeavor is a major struggle that takes hard work, diligence and sacrifice. But over the past year, the struggle has gotten harder than ever. Thanks to inflation and the lingering impacts of the Covid pandemic, a […]

Home Buying Advantages Not Available to Renters

Across the U.S., there are millions of renters who yearn to be homeowners or who are at least wondering if they would be better off owning their own home. For many, the decision often boils down to the current state of the housing market and whether home prices and interest rates are going up or […]

What makes the Chenoa Fund down payment assistance program unique?

For those of us who work in the housing industry, few things are more fulfilling than helping individuals and families buy their first home. In fact, it’s why most of us got into the business. Having a place to call your own is the culmination of the American experience. But it’s not always easy to […]

5 Tips for Buying a Home in a Competitive Market 

After two years of record-low, mortgage interest rates, today's future homebuyers are moving into a rapidly increasing interest rate market. Home price appreciation remains high and inventory is still low. But where there is a challenge, there is opportunity, and educated and prepared future homeowners can position themselves to jump the hurdles in their way. […]

Overcoming Barriers to Minority Homeownership

In 2010, the US Department of Housing and Urban Development released the article “Barriers to Minority Homeownership.” The top three barriers detailed in this article were the down payment and closing costs, lack of access to credit and poor credit history, and a lack of understanding and information. Unfortunately, over a decade later, many reports […]

5 Financial Challenges for First-time Homebuyers

With interest rates rising along with home prices, there may be no better time to get started financially preparing to buy a home than now. Here are a few financial challenges common to would-be homebuyers for you to be aware of. Down payment and closing costs. The down payment on a mortgage is the minimum […]

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