Rhode Island Down Payment Assistance
Homebuyers in Rhode Island looking for down payment assistance may apply for Chenoa Fund down payment assistance through an approved lender. CBC Mortgage Agency provides the assistance in the form of secondary financing that may be either forgivable or repayable. Homebuyers work with approved lenders to determine which program the buyer is eligible for.
In addition to down payment assistance, CBC Mortgage Agency allows its funds to be used as closing cost assistance. Closing costs can add up quickly and can be a barrier for many homebuyers in Rhode Island. With the Chenoa Fund down payment assistance program, you may be able to use a portion of the financial assistance towards items such as appraisal fees, title insurance, and lender fees. This can help make the homebuying process more affordable and manageable for low-to-moderate income individuals and families.
Looking for more information on the Chenoa Fund down payment assistance program in Rhode Island? Contact us today!
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