0% Down – Chenoa

The Chenoa Fund Down Payment Assistance Program, true to its name, offers invaluable support to homebuyers seeking assistance with their down payment. This program provides 100% affordable financing options for eligible buyers who meet minimum credit criteria but require additional support for their home’s down payment.

Specifically designed to complement a permanent rate FHA first mortgage on a single-unit, single-family residence, the Chenoa Fund DPA Program extends aid amounting to approximately 3.5% of the home’s purchase price. This effectively covers the 3.5% down payment requirement of an FHA loan.

Furthermore, the Chenoa Fund offers Down Payment Assistance in two distinct forms, tailored to match your income level as a percentage of the median income in your area, ensuring personalized support based on your financial circumstances.

We’ve made applying easy. To start your loan application and get preapproved click here, to find a local loan officer click here.

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