Chenoa Fund Program

The Chenoa Fund down payment assistance loan offers 100% affordable financing for buyers who can meet basic minimum credit requirements and lack sufficient funds for a down payment.

Chenoa Fund Loan Program Guidelines

The Chenoa Fund program has very flexible requirements compared to other loan programs. Learn more below to see if you can use this affordable option when buying your home.

0% Down Payment

Step into your new home with zero down payment.

640+ FICO

This program requires a minimum 640+ FICO credit score.

50% Max DTI

Your debt-to-income ratio should be no more than 50%.

Overview of the Chenoa Fund Down Payment Assistance

The Chenoa Fund is an affordable housing program administered by CBC Mortgage Agency (CBCMA), a federally chartered governmental entity. CBCMA specializes in providing down payment assistance financing under FHA and conventional guidelines.

This program is not only for first time home buyers. Meeting the credit requirements and staying below the DTI percentage will help the home buyer qualify for more.

Additional Benefits of the Chenoa Fund

There are additional pros of going with this program when purchasing your home.

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Ready To Pre-Qualify for The Chenoa Fund?

One of our mortgage experts will let you know if this program is right for you and how much home you qualify for.