downpayment assistance: 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)

downpayment assistance: Manufactured Home Down Payment Assistance - 06/17/19 12:52 PM
Considered by some as the first mobile home, the Conestoga wagon had a curved floor to prevent tipping and shifting during difficult treks.  Chenoa Fund, offered by CBC Mortgage Agency--a federally-chartered housing finance agency, provides options for borrowers who need help with their down payment.   Many Housing Finance Agencies (HFA's) won't lend on manufactured homes, sometimes called mobile homes, even though FHA allows Manufactured that is placed on a permanent foundation.  The difference between manufactured and modular homes is that manufactured were originally built on a chassis that allowed them to be towed; they are considered chatel (non-real estate property).   Modular … (0 comments)

downpayment assistance: Solution for High-Income Borrowers in need of Down Payment - 06/17/19 11:47 AM
Chenoa Fund, offered by CBC Mortgage Agency, provides 1st and 2nd mortgage products on a national level to home buyers who need assistance with their down payment.  We do this through a channel of approved correspondent lenders in much the same way as local and state Housing Finance Agencies (HFA's).  One difficulty many prospective home buyers face is despite higher income, they still haven't been able to save for a down payment.   Borrowers in strong rental markets may be paying the same or more as a comparable mortgage payment to rent a home, and many local HFA's have programs to assist lower-income … (0 comments)

downpayment assistance: 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)

 
Shawn King, Chenoa Fund--Get Signed Up. (CBCMA / CBC Mortgage Agency)

Shawn King

Chenoa Fund--Get Signed Up.

Los Angeles, CA

More about me…

CBCMA / CBC Mortgage Agency

Address: Lender Approval Chenoa Fund, Corporate Account Director , Los Angeles, CA

Office: (208) 991-8239

Mobile: (208) 991-8239

Email Me

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.


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