Chenoa DPA : Down payment assistance offered by JBee Home Loans
Chenoa DPA: An affordable housing program provided through a federally chartered government entity with Forgiveable Loans
Chenoa Fund is provided through CBC Mortgage Agency (CBCMA), a federally chartered government agency. CBCMA’s mission is to increase affordable and sustainable homeownership, specifically for creditworthy, low and moderate-income individuals. CBCMA partners with quality mortgage lenders on a Correspondent basis.
620 Minimum credit score required on Single family homes, condos, and townhomes
3.5% Down Payment Assistance forgivable after 3 years of on time payments
3.5% Second mortgage is a 0.00% loan forgivable after three years of on time payments are made on the first mortgage. There is no payment due on the second mortgage.
640 Minimum Credit Score on Manufactured Homes
Homes must meet HUD requirements.
3.5% Down Payment Assistance forgivable after 3 years of on time payments
3.5% Second mortgage is a 0.00% loan forgivable after three years of on time payments are made on the first mortgage. There is no payment due on the second mortgage.
Income Requirements
Riverside & San Bernardino Counties: $ 86,595
Los Angeles County: $ 88,895
Orange County: $ 118,450
San Diego County: $ 106,605
