The Chenoa Fund down-payment assistance program makes it possible to buy a home even if you don’t have money for a down payment. The program is an FHA-insured plan available to homebuyers shopping for a single-family residence.
I’m Timmy Ostrom, branch manager of Fairway Independent Mortgage Corporation in Vancouver. I’m excited to help you purchase a home using this great program. If you’re looking for a home around Vancouver, Washington or Portland, Oregon, take a look at the Chenoa Fund.
Fairway is the only mortgage company offering the Chenoa down-payment assistance program. Please contact me at 360-787-9362 to learn about qualifying for this or another affordable mortgage option.
The Chenoa Fund provides grants or second mortgages that cover the 3.5 percent minimum down payment of an FHA loan. As long as you stay in your home for at least 3 years, you won’t have to repay the grant.
Many people in Vancouver and Portland have a decent credit score, make a good wage but don’t have the means to put down tens of thousands on a home.
Young professionals are often paying on college debt. People further on in life have kids in school, medical bills and other expenses. For lots of reasons, it can be challenging to save for a down payment.
Whether you’re a millennial, a baby boomer or somewhere in between, the Chenoa Fund down-payment assistance program could be right for you. Help is available for first-time homebuyers and those who have previously owned a home.
The Chenoa Fund is a FHA-insured down payment assistance program offered by CBC Mortgage Agency that provides homebuyers with an affordable option for purchasing a home The program offers a 1st lien with a soft second mortgage or amortized secondary financing when purchasing an owner-occupied, single-family, primary residence.