Chenoa Fund Blog

CBC Mortgage Agency is lowering its minimum credit score requirement from 620 to 600 with the Chenoa Fund down payment assistance program for DPA Edge Borrowers. Consumers who have young  and/or no credit history have long been hindered from the ability to apply or even qualify for a home loan. Most loans exclude applicants with … Continue reading "CBC Mortgage Agency has Lowered its Minimum Credit Score to 600 with the Chenoa Fund Down Payment Assistance for DPA Edge Borrowers"

Many loan officers came surfing into the first quarter of 2021 on a tidal wave of refinances that seemed unstoppable. Now, many find themselves tumbling to a halt as the tide ebbs just as quickly as it initially surged in. Sure, there’s still a market for refinancing, but many mortgage companies and loan officers are … Continue reading "Overcoming Lender Challenges: The Latest New Normal Obstacles"

Did you know? CBC Mortgage Agency’s Chenoa Fund down payment assistance allows some borrowers to purchase duplexes, provided the down payment assistance product used is one of the DPA Edge products. This makes Chenoa Fund’s DPA Edge products unique because few statewide down payment assistance programs include duplexes among the home types that a borrower … Continue reading "Chenoa Fund: Did You Know? Homebuyers may be able utilize Chenoa Fund down payment assistance with duplexes"

Does anyone still remember 2019? Remember relaxing in your living room, enjoying the view, and looking forward to having friends or family come and visit (in person!) over the weekend? At that idyllic moment, who would have ever imagined that the world would be turned upside-down in just a matter of months and that things … Continue reading "Combating Housing Shortages and Price Increases on Homes"

Down payment assistance needs to provide value for lenders, real estate agents, and homebuyers. Lenders need to be profitable, real estate agents need to combat home buying challenges, and homebuyers need an opportunity to build wealth. With CBC Mortgage Agency’s Chenoa Fund, each party can be satisfied and find the perfect opportunity to take advantage of … Continue reading "How A Down Payment Assistance Program Benefits Lenders, Real Estate Agents And Homebuyers"

Making a loan happen is not always easy, and sometimes small hiccups can snowball into big problems between application and closing. This is why CBC Mortgage Agency makes it a high priority to provide resources to our correspondents to answer questions. From online resources, like our program guidelines and our quick trainings, to in-house human … Continue reading "Chenoa Fund Spotlight: The Scenario Desk"

Did you know that June is National Homeownership Month? This is a great time to celebrate and recognize being a homeowner or striving to achieve homeownership. Choosing to become a homeowner is an impactful decision that is very rewarding, but following through may take a lot of blood, sweat, and tears. In this article we … Continue reading "Celebrating June’s National Homeownership Month"

CBC Mortgage Agency has been offering the Chenoa Fund down payment assistance program since about 2016, helping tens of thousands of borrowers each year purchase a home. As a nationwide program, Chenoa Fund has the advantage of being able to offer a unified set of program guidelines with competitive rates and SRPs; in other words, … Continue reading "The Chenoa Challenger in Arizona: Making Future Homeowners the Winner"

Buying a home for the first time can seem out of reach and unachievable. The stress and responsibility of owning a home can be really discouraging and seem not worth all the troubles that you have to go through just to have a place to live. What good is a home if you can’t enjoy … Continue reading "How to buy a home you love and can actually afford"