CBC Mortgage Agency offers down payment assistance in Missouri to help low-to-moderate-income individuals and families achieve their dream of homeownership. Down payment assistance programs offered by CBC Mortgage Agency are available to first-time homebuyers and existing homeowners.
Missouri Down Payment Assistance
Homebuyers in Missouri looking for Down Payment Assistance can apply for Chenoa Fund down payment assistance through an approved lender. CBC Mortgage Agency provides down payment assistance in the form of secondary financing. The secondary financing assistance may be repayable or forgivable, and the amount provided may be up to 5% of the home sale price or the appraised value, whichever is lower.
First-Time Homebuyer Programs
CBC Mortgage Agency has two program options available for first-time homebuyers in Missouri. These programs are geared towards but are not limited to first-time homebuyers, making it easier for them to purchase homes. Down payment assistance can significantly reduce the upfront costs of buying a home, making purchasing a home a reality for those who otherwise wouldn’t have the means to save for a traditional 20% down payment.
Contact us today for more information!
GET STARTED HERE
By submitting this form I authorize CBC Mortgage Agency to contact me by telephone and/or mobile device (including SMS and MMS text messages) at the number provided through the use of an automatic telephone dialing system or an artificial or prerecorded voice about any application submitted, loan or account, and/or regarding products, services, or promotions available. I authorize CBC Mortgage Agency to contact me even if the telephone number provided is currently listed on a corporate, state, and/or federal Do-Not-Call list(s). I understand that I am not required to give my consent as a condition of purchasing any goods or services from CBC Mortgage Agency. I may revoke my consent at any time by contacting CBC Mortgage Agency at info@chenoafund.org. I understand that messaging and data rates may apply.
Down Payment Assistance for Qualifying Borrowers With a Minimum Credit Score Requirement of 600.
CBC Mortgage Agency adheres to industry standards when determining the credit score to apply for Chenoa Fund down payment assistance. The lowest middle credit score for the secondary mortgage loan is utilized and the minimum acceptable score is 600.
The Down Payment Assistance Program Remains Funded All Year Long.
The Chenoa Fund down payment assistance program is not a bond program. This means that CBC Mortgage Agency isn’t at risk of running out of funds for its down payment assistance.
