We understand that sometimes the road to homeownership can be challenging. That is why my team and I work hard to try to find solutions for every one of our clients to be able to buy the home they want at a price that works for their financial picture. When the down payment is the barrier, we recommend the Chenoa Fund down payment assistance program. So, what is that, and how can you qualify? Let’s take a closer look.
CBC Mortgage Agency
CBC Mortgage was founded in 2013 by the Cedar Band Corporation, owned by the Cedar Band Paiute tribe. It operates several subsidiaries on and off their reservation to diversify the community’s business and financial impact. Their mission is:
As a tribally owned, federally chartered, governmental agency, we strive to increase affordable and sustainable homeownership opportunities nationwide
for all creditworthy, low- to moderate-income individuals.
Chenoa Fund Offerings
As a part of their mission, CBC Mortgage company established the Chenoa Fund DPA for FHA loans to provide means for new homebuyers entering the housing market. They offer services for mortgage lenders, real estate agents, and directly to homebuyers. The CBC wants to create a sustainable path to homeownership for creditworthy low- and moderate-income buyers.
The Chenoa Fund DPA for FHA Loan may offer 3.5% or 5% down payment assistance to those with a minimum credit score of 600. They also provide 18 months of post-purchase financial counseling to buyers. The CBC is also dedicated to minority-focused initiatives and work to educate underserved communities on how sustainable homeownership is a path to building wealth. Check out the Chenoa Talk blog, which provides additional information and resources for anyone interested in learning more.
How to Qualify
As a part of their mission, CBC Mortgage company established the Chenoa Fund DPA for FHA loans to provide means for new homebuyers entering the housing market. They offer services for mortgage lenders, real estate agents, and directly to homebuyers. The CBC wants to create a sustainable path to homeownership for creditworthy low- and moderate-income buyers.
The Chenoa Fund DPA for FHA Loan may offer 3.5% or 5% down payment assistance to those with a minimum credit score of 600. They also provide 18 months of post-purchase financial counseling to buyers. The CBC is also dedicated to minority-focused initiatives and work to educate underserved communities on how sustainable homeownership is a path to building wealth. Check out the Chenoa Talk blog, which provides additional information and resources for anyone interested in learning more.
