Minnesota Down Payment Assistance
Down payment assistance offered by CBC Mortgage Agency is available but not limited to first- time homebuyers in Minnesota. CBC Mortgage Agency offers its Chenoa Fund down payment assistance in Minnesota to help low-to-moderate-income individuals and families make homeownership a reality. Homebuyers in Minnesota looking for down payment assistance may apply for Chenoa Fund down payment assistance through an approved lender.
The down payment assistance comes in the form of secondary financing of up to 5% of the home sale price or appraised value, whichever is lower. That amount may be either forgivable or repayable and the lender will determine which option the borrower is eligible for. CBC Mortgage Agency has been helping low-to-moderate-income individuals and families achieve their dream of homeownership for over ten years. We understand the unique challenges homebuyers face, and we are dedicated to providing affordable solutions through our various programs.
Contact us today and take the first step toward homeownership in Minnesota!
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