correspondent: Get approved with Chenoa Fund--Correspondent Lending
- 06/14/19 12:22 PM
(This Post is written for Lending Companies seeking to offer our products) CBC Mortgage Agency, a nationally-chartered housing finance agency, offers the Chenoa Fund, a program that provides a 96.5% 1st mortgage and a 3.5% 2nd mortgage on FHA Loans. Lenders use our program like they would their local, municipal housing program to give more options to prospective homebuyers regarding down payment assistance. Our program offers the following: FHA 96.5% 1st mortgage at a competitive rate FHA 3.5% 2nd mortgage to cover down payment FICO scores as low as 620 DTI as per AUS up to 56.99 on FHA Options for all income (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.