Wisconsin Down Payment Assistance
CBC Mortgage Agency offers down payment assistance in Wisconsin to help with the down payment needed to complete a home purchase with an FHA loan. Homebuyers in Wisconsin looking for down payment assistance can apply for the Chenoa Fund down payment assistance program through an approved lender. CBC Mortgage Agency provides down payment assistance in the form of secondary financing. The secondary financing assistance may be repayable or forgivable, and the amount provided may be up to 5% of the home sale price or the appraised value, whichever is lower.
Many of the borrowers who use the Chenoa Fund program are first-time homebuyers, however, being a first-time homebuyer is not an eligibility requirement. Down payment assistance may significantly reduce the upfront costs of buying a home, making purchasing a home a reality for those who otherwise wouldn’t have the means to save for a traditional 20% down payment.
Contact us today for more information on down payment assistance in Wisconsin!
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