To obtain down payment assistance from CBC Mortgage Agency, prospective homebuyers must use an approved lender and must qualify for an FHA loan. CBC Mortgage Agency offers its Chenoa Fund down payment assistance in Utah to help low-to-moderate income individuals and families make homeownership a reality.
Utah Down Payment Assistance
Homebuyers in Utah looking for down payment assistance may apply for Chenoa Fund down payment assistance through an approved lender. CBC Mortgage Agency offers down payment assistance 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.
First-Time Homebuyer Programs
CBC Mortgage Agency has several program options available for but not limited to first-time homebuyers in Utah. These programs are designed for individuals and families with low-to-moderate income, making it easier for them to purchase homes.
CBC Mortgage Agency is Your Trusted Partner
CBC Mortgage Agency has been helping low-to-moderate income individuals and families achieve their dream of homeownership for ten years. We understand the unique challenges faced by homebuyers, and we are dedicated to providing affordable solutions through our various programs. Contact us today and take the first step towards homeownership in Utah!
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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.
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.
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 minimum acceptable credit score is 600. The lowest middle credit score for the secondary mortgage loan is utilized.
