Chenoa Fund Repayable Second

Chenoa Fund Repayable Second

January 10, 2018 | Comments Off on Chenoa Fund Repayable Second

The Utah based Chenoa Fund home buyer program offers a Repayable Second mortgage for anyone who qualifies and is over the income limits for the area. Saving money can be hard even if you are making above the median income, however you can still get help with your down payment. The Chenoa fund program will help you with a repayable second mortgage of 3.5% of the purchase price to help with the down payment of your FHA loan. This home buyer program will require the homebuyer to make payments and payoff the amount borrowed for the down payment. Only when
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Categories: State Wide Programs.
Tags: Chenoa Fund, down payment assistance, Grant Funds, Grant Money, High income limits, homebuyer help, no income limits, Ogden, utah first time buyers programs, Utah grant programs, and Utah Home Grants.
Chenoa Fund Forgivable Soft Second

Chenoa Fund Forgivable Soft Second

January 10, 2018 | Comments Off on Chenoa Fund Forgivable Soft Second

The Utah based Chenoa fund homebuyer program offers a forgivable soft second grant option.  The Chenoa Fund forgivable soft second grant program also allows for 3.5% or 5% of the purchase price to be used towards your down payment on an FHA first mortgage loan. The forgivable soft second will be treated and recorded as a second mortgage with no interest or monthly payments. If you keep your home and make on time payments for a minimum of three years the Soft Second will be forgiven. Qualification & Highlights:* Purchase loans only Must qualify for an FHA loan 3.5% of
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Categories: State Wide Programs.
Tags: Chenoa Fund, Down Payment, down payment assistance, First time homebuyer programs, No Down Payment, utah DPA, utah first time buyers programs, and Utah Home Grants.
Chenoa Fund Grant

Chenoa Fund Grant

January 10, 2018 | Comments Off on Chenoa Fund Grant

***This program has been discontinued try the Chenoa forgivable soft second or the Chenoa repayable second*** The Utah based Chenoa Fund Grant is the favorite program available for most Utah home buyers. With this grant it does not matter if you are a first time buyer or have owned a home before. The grant will be completely forgiven shortly after closing. You are virtually receiving instant equity in your home. All programs with the Chenoa Fund Grant will require a homebuyer to qualify for an FHA first mortgage. When a home buyer is ready for closing they are able to
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Categories: State Wide Programs.
Tags: Chenoa Fund, down payment assistance, Gift Money, Grant Money, No Down Payment, Utah Chenoa Fund, Utah first time buyer grants, utah first time buyers programs, Utah Home Grants, and Zero down payment.
The Chenoa Fund

The Chenoa Fund

January 6, 2018 | Comments Off on The Chenoa Fund

The Chenoa Fund is an affordable housing program that provides a down payment solution in conjunction with FHA loans. It fulfills a need for qualified homebuyers that do not have or do not want to use their own funds for a down payment. There are three different programs available to fit most homebuyer’s unique needs. The three programs are Grant/Gift, Forgivable Soft Second & the Repayable Second. Find out more about each program: Grant/Gift Forgivable Second Repayable Second
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Categories: State Wide Programs.
Tags: Chenoa Fund, down payment assistance, first time buyers program, First Time Buyers Programs, High income limits, No Down Payment, no income limits, Utah first time buyer, Utah first time buyers program, Utah Home Grants, and Zero down payment.