CHENOA DPA EDGE PROGRAM Offers Down Payment Assistance
- Home buyers receive up to 3.5% of the purchase price for down payment
- The 3.5% down payment assistance can come in the form of the following:
- gift that does not need to be paid back
- a soft/forgivable secondary financing
- or a fully amortized second mortgage with a term of 10 or 30 years that does require the funds to be paid back
- Eligible Buyers who qualify for the soft/ forgivable secondary financing, the 2nd mortgage will be forgiven after 36 on-time payments on your first mortgage
- Minimum credit score of 640 or higher
Documentation for your loan officer, see below:
- Last 60 Days Bank Statements – to source down payment
- Last 30 Days Pay Stubs
- Last Two Years W2’S
- Last Two Years Tax Returns
- Driver’s License
*Program currently under review*
Apply for a North Carolina or Florida Chenoa Mortgage 24/7
Apply for a Colorado Chenoa Mortgage 24/7
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