Washington Down Payment Assistance
Homebuyers in Washington looking for down payment assistance may apply for Chenoa Fund down payment assistance through an approved lender. The down payment assistance comes 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.
The Chenoa Fund down payment assistance program offers flexibility to homebuyers and does not have income limits. CBC Mortgage Agency also adheres to industry standards when determining the credit score to apply for Chenoa Fund down payment assistance. The lowest middle credit score is taken into consideration, and the minimum acceptable score is 600.
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