Category Archives: Chenoa Fund Updates

Borrowers with good credit need down payment assistance (DPA). Unfortunately, DPA is often marketed only towards buyers with poor credit, which creates an unfortunate have/have-not scenario: houses get purchased by borrowers with poor credit or borrowers with good credit and large savings, but not by borrowers with good credit and low savings, even if these […]

As seen on National Mortgage Professional CBC Mortgage Agency (CBCMA) has announced that it is taking steps to ensure that its borrowers are able to stay in their homes during the Coronavirus pandemic.   Many CBCMA borrowers receive a forgivable second mortgage in order to pay for closing costs and a downpayment. As a condition […]

By: David Ludlow Most Americans dream of owning a home, and it’s not hard to understand why. Homes represent stability and wealth—even owning a modest home in a low-income neighborhood is a big step up for many American renters, renters who appreciate the stability of monthly mortgage payments over increasing rent, and who appreciate having […]

By RICHARD FERGUSON, President, CBC Mortgage Agency   There’s a crisis upon us, and the economic repercussions are only beginning to be understood. What we do know is that COVID-19 is causing a severe shock and loss of income, in particular to the new homeowners we’ve striven so hard to help.    We also know […]

Hello all!  Just a quick update, we are all healthy and well here at CBCMA! We appreciate each and everyone of you and the calls of concern as well as the queries of well-being of our staff and families in the midst of the pandemic and earthquake which hit Salt Lake City a couple of […]

First, and foremost, Happy St.Patrick’s Day from everyone here at CBC Mortgage Agency! In this issue of the Chenoa Report, you will find the following updates and information:  Program Guidelines Updates  CBC Mortgage Agency On the Road Chenoa Fund in the News  Chenoa Fund blog posts  Marketing Resources  Program Guidelines Update:  On behalf of CBC […]

   It is very common for homebuyers to look to their real estate agent to recommend a lender or loan officer for a mortgage. How do you choose which lender you will recommend? How will the lender help grow your business? How will the lender work with your clients to help them successfully close their […]

  Did you know that Atlanta is home to one of the nation’s largest African American communities, yet it ranks among some of the lowest black homeownership rates? Homeownership is key to creating intergenerational wealth for our black communities and changing the quality of life for future generations. Coinciding with Black History month, Dr. Alveda […]

In this Issue In the newsletter we seek to provide you with important information about Chenoa Fund. In this issue, find: CBC Mortgage Agency Releases Guidelines 8.3 CBC Mortgage Agency On The Road Join Chenoa Fund on Instagram Chenoa Fund in the News Chenoa Fund Blog Posts Marketing Resources: DPA Seminar and Lunch-n-Learn Flyers    […]

As a real estate agent, your homebuyers have many choices when it comes to financing the purchase of a home. One such choice is Down payment assistance (DPA), a key product that credit worthy, low-income homebuyers are choosing to realize realizing their dream of owning a home.   Throughout the United States, real estate agents […]