The Chenoa Fund is a down payment assistance program that provides eligible homebuyers with a second mortgage to cover their down payment and closing costs. The program is designed to help low to moderate-income borrowers overcome the biggest hurdle to homeownership, which is often coming up with enough money for a down payment. Some great benefits of this include:

• Helps low to moderate-income homebuyers overcome the hurdle of a large down payment.
• Provides a second mortgage to cover down payment and closing costs.
• Offers both repayable and forgivable second mortgage options.
• Forgivable second mortgage is forgiven after a certain number of years.
• May be used in conjunction with certain types of mortgage programs, such as FHA, VA, USDA, or conventional loans.
• Administered by CBC Mortgage Agency, a federally chartered government agency.
• Can help borrowers achieve their dream of homeownership.
• May allow borrowers to purchase a home sooner than they would be able to without down payment assistance.
• May provide lower monthly payments compared to other types of loans.
• Can potentially save borrowers thousands of dollars in upfront costs.

Take advantage of a 2-1 buydown TODAY, and if rates are lower within 12 months of your closing, we will refinance your home for FREE! The 2-1 Buydown allows for this! If the seller is willing to cover the cost of a 2-1 Buydown for you, this is your opportunity to have a great rat during the 1st year of your home loan AND a FREE refinance!
The benefits of this include:

• Decrease your monthly payment for the first 2 years
• Available with all loan types, including Fannie Mae, Freddie Mac, FHA, VA, and USDA loans
• Seller covers the cost of a buydown or the closing costs
• Qualifying credit as low as 580
  And much more!