CBC MORTGAGE AGENCY
State Housing Agency
CBC Mortgage Agency, a Cedar Band of Paiutes enterprise, operates the Chenoa Fund™, offering down payment assistance nationwide (excluding New York). Partnering with quality lenders, it promotes homeownership in diverse communities, assisting over 25,000 borrowers to date. Post-purchase counseling is provided for 18 months. CBC is not affiliated with FHA, FNMA, VA, or USDA, and Chenoa Fund™ hasn't been reviewed by them.
First Mortgage Programs Offered by CBC MORTGAGE AGENCY
Chenoa Fund FHA Purchase Loan
Best For: First Time Homebuyers, Low Credit Scores, Lowest Rates, Easy Qualification
Low down payment requirements, easier qualification guidelines, lower rates, and flexible terms for first time homebuyers and beyond.
Min. Credit Score
600
Min. Down Payment
3.5%
Max. Loan Amount
$498,257 - $776,550
Chenoa Fund FHA Manufactured Home Purchase Loan
Best For: First Time Homebuyers, Low Credit Scores, Lowest Rates, Easy Qualification
Low down payment requirements, easier qualification guidelines, lower rates, and flexible terms for first time homebuyers and beyond.
Min. Credit Score
599.98
Min. Down Payment
3.5%
Max. Loan Amount
$472,030
Second Mortgage Programs Offered by CBC MORTGAGE AGENCY
Chenoa 3.5% Forgivable DPA
Best For: First Time Homebuyers, Zero Down
Chenoa Fund DPA: 3.5% assistance for FHA loans, min credit score 600.
Min. Credit Score
600
Min. Down Payment
0%
Max. Loan Amount
$498,257 - $776,550
Up to 3.00% of 1st Loan Amount Program Benefit Amount
Chenoa 3.5% Repayable DPA
Best For: First Time Homebuyers, Zero Down
Chenoa Fund DPA: 3.5% assistance for FHA loans, min credit score 600.
Min. Credit Score
600
Min. Down Payment
0%
Max. Loan Amount
$498,257 - $776,550
Up to 3.00% of 1st Loan Amount Program Benefit Amount
Chenoa 5% Forgivable DPA
Best For: First Time Homebuyers, Zero Down
Forgivable Second requires a 30 year term, 0% interest, no monthly payments
Min. Credit Score
600
Min. Down Payment
0%
Max. Loan Amount
$498,257 - $776,550
Up to 3.00% of 1st Loan Amount Program Benefit Amount
Chenoa 5% Repayable DPA
Best For: First Time Homebuyers, Zero Down
Forgivable Second requires a 10 year term, 2% interest, no monthly payments
Min. Credit Score
600
Min. Down Payment
0%
Max. Loan Amount
$498,257 - $776,550
Up to 3.00% of 1st Loan Amount Program Benefit Amount
See If You Qualify for CBC MORTGAGE AGENCY Loans
* The Chenoa Fund™ program has not been reviewed or approved by HUD or FHA. This site is for information purposes and is used by licensed industry professionals. The site and the information contained therein is not a solicitation to lend money to consumers. For licensing information, go to: www.nmlsconsumeraccess.org. Illinois Residential Mortgage License #MB.6761292.
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