You could own a home for less than you are paying in rent.
Have you always dreamed of owning a home but never had the savings for a down payment? Perhaps the Chenoa Fund™ program can provide the cash you need now to buy that home.
While many people do manage to purchase a home by saving for a down payment over a period of years, increasing rents and stagnant wages can make saving quite difficult.
You don’t need a large down payment to qualify for homeownership. In addition, down payment assistance allows renters to become homeowners without tapping into their savings accounts. Many of our homebuyers are building equity in their houses for a monthly payment lower than their previous rent and are now eligible to receive extra financial benefits from the federal mortgage interest tax deduction. (Consult your tax professional to determine what tax benefits there may be for you.)
Learn about Chenoa Fund™ down payment assistance and how it can help you buy a home. Chenoa Fund™ is a nationwide down payment assistance program administered by CBC Mortgage Agency. It is our mission to increase affordable and sustainable homeownership, specifically for creditworthy, low- to moderate-income individuals.
CBC Mortgage Agency's down payment assistance program, Chenoa Fund™, has helped thousands of buyers just like you to move into their dream home, oftentimes for less than it was costing them to rent.
CBC Mortgage Agency has several Chenoa Fund™ product options to choose from; these come in the form of second mortgages on conventional and FHA-insured loans. Follow the steps below to learn more.
Step 1. Fill out the form to contact a Chenoa Fund™ representative. If you are interested in learning more about the Chenoa Fund™ program, fill out the form to be contacted by a Chenoa Fund™ representative.
*Information is only used to contact you and is shared with referred lenders upon your approval.
*By filling out this form, you are giving permission for CBCMA to contact you.
Step 2. Talk to a Chenoa Fund™ representative. Once you submit the form, a Chenoa Fund™ representative will call or email to consult with you. This is not a sales call. CBC Mortgage Agency offers DPA and does not originate loans.
While communicating with the representative, you can share your goals for buying a new home, learn about Chenoa Fund™ programs and down payment assistance, and get answers to your questions.
The Chenoa Fund™ representative can refer you to several lending professionals in your area who can help you build a road map toward homeownership.
Step 3. Call a mortgage lending professional. Once you receive the referral from the Chenoa Fund™ representative, you can call or email a lending professional to discuss your goals.
If you would like more information about this
program, please contact our program development team.
CBCMA Does Not Originate Mortgage Loans. This is not an offer to lend money nor a solicitation of a mortgage application by CBCMA.