1st mortgage: DPA Edge Forgivable Loan-- A win for responsible homebuyers
- 06/19/19 10:06 AM
The Chenoa Fund, offered by CBC Mortgage agency--a federally-chartered housing finance agency, helps borrowers all across the country with our suite of mortgage products. These products assist homebuyers with their down payment in the form of a 2nd mortgage on both FHA and Conventional products.
One product in particular, the DPA Edge Forgivable, puts the borrower in a better position financially because of its aggressive loan forgiveness feature. The DPA Edge Forgivable or Soft Second is a fully-disclosed, fully-recorded 2nd mortgage that lives on title, but requires no payment. The DPA Edge Forgivable has no interest rate, and it is forgiven after 36 … (0 comments)
I help correspondent lenders get approved with Chenoa Fund, offered by CBC Mortgage Agency. I've been associated with the real estate industry for over 15 years.
The Chenoa Fund, offered by CBC Mortgage agency--a federally-chartered housing finance agency, helps borrowers all across the country with our suite of mortgage products. These products assist homebuyers with their down payment in the form of a 2nd mortgage on both FHA and Conventional products. 
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