Chenoa Fund Blog

With interest rates significantly higher than they were a year ago, many would-be homebuyers have put their homeownership dreams on hold. But in an otherwise challenging market, a bright spot has emerged. Over the past several months, housing prices have dropped considerably in many U.S. markets, enough to keep the American Dream of many first-time … Continue reading "How to Help Your Borrowers Take Advantage of Falling Home Prices"

Let’s be honest—it’s a tough market for originators, especially with interest rates at their highest level in decades. But if you’re passionate about serving your customers—especially first-time homebuyers—now is not the time to throw in the towel. Yes, rates are higher and home inventories are tight in many markets. But many people still yearn to … Continue reading "3 Ways to Increase Homebuyer Opportunities"

The decision to purchase a home is not an easy one to make. Many still consider the American Dream to be homeownership, and while having a dream is often a great source of motivation, dreams may also be paired with high expectations and anxieties related to living up to those expectations. This puts many would-be … Continue reading "Can Down Payment Assistance Ease Homebuying Concerns for Worried Buyers?"

The National Association of Realtors (NAR) recently published their 2022 Home Buyer and Seller Generational Trends Report. Here are some highlights and tips to help you make the most out of the evolving home market. Millennials make up 43% of homebuyers. That’s right, almost half of the current market belongs to millennials at the moment, … Continue reading "Realtor Tips to Help Homebuyers Find Affordable Homeownership"

Rates are rising. Home prices are skyrocketing. Rent is blowing up. Inflation is tightening the budget of nearly everyone in the USA. Homebuyers are still out there, looking for a great deal, but the deluge of yesteryear has come and gone, leaving some lenders and realtors scrambling to snap up the buyers on the market. … Continue reading "Tips for Lenders and Realtors to Discover New Homebuyer Opportunities"

With interest rates rising along with home prices, there may be no better time to get started financially preparing to buy a home than now. Here are a few financial challenges common to would-be homebuyers for you to be aware of. Down payment and closing costs. The down payment on a mortgage is the minimum … Continue reading "5 Financial Challenges for First-time Homebuyers"

There are a variety of reasons that future homebuyers across the nation are looking into down payment and closing cost assistance programs right now. With the recent rise in interest rates, along with home prices that have been rising for a while, many borrowers need down payment assistance (DPA) just to afford the home in … Continue reading "Guide to Qualifying for Down Payment Assistance"

With the unpredictable housing market many lenders and real estate agents are looking for additional ways to grow their business. Buyers are still turning out in droves to get a new home making the home buying market extremely competitive. For lenders and real estate agents, this could lead to opportunity within the market if you’re … Continue reading "Tips for Lenders and Real Estate Agents to Grow Business with Chenoa Fund Down Payment Assistance"

With home prices rocketing up across the nation, more and more homebuyers are beginning to feel that purchasing a home may just never be in the cards. Fortunately, there are a lot of homebuyer assistance options that can help turn owning a home from a dream to reality. In this article we’ll discuss how homebuyers … Continue reading "How Homebuyers can Get a Home with Little to No Down Payment"

Buying a home can be a long and complicated process, especially for first-time homebuyers without family or friends to give them pointers. It isn’t made easier by the fact that many of the steps to buy a home may happen at the same time, or slightly staggered, or in different orders depending on your personal … Continue reading "Getting To Know The Home Buying Process"