CHENOATALK

A educational hub for lenders, real estate agents, and homebuyers that addresses the challenges of buying a home with solutions to help make an impact.

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. …

Tips to Help You Become a More Successful Real Estate Agent

The housing market is an enormous market and absolutely brimming with opportunity and a lot of competition. It takes a creative, prepared, and industrious real estate agent to pull ahead of the pack! Here are some tips to help you stay on your A-game. Team up with other real estate agents. Work together for a …

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 …

How Inflation May Impact Lenders

“Transitory inflation” has proven to have much more staying power than the word transitory might suggest, and as a result many borrowers are seeing the purchase of a home grow ever more difficult—specifically, more expensive. For borrowers familiar with the unprecedentedly low rates of yesteryear, this can be extremely frustrating, or even feel unfair. However, …

Guide to Qualifying for Down Payment Assistance

There are a variety of reasons that future homebuyers across the nation are looking into down payment and closing cost assistance programs right now. With the recent rise in interest rates, along with home prices that have been rising for a while, many borrowers need down payment assistance (DPA) just to afford the home in …

Tips for Lenders and Real Estate Agents to Grow Business with Chenoa Fund Down Payment Assistance

With the unpredictable housing market many lenders and real estate agents are looking for additional ways to grow their business. Buyers are still turning out in droves to get a new home making the home buying market extremely competitive. For lenders and real estate agents, this could lead to opportunity within the market if you’re …

Why Mortgage Lenders are Pivoting to Home Purchases Rather Than Refinances

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 …

How Lenders Can Grow Millennial Homeownership

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 …