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.