Financial Tools for Credit-Worthy Families
We believe that everyone in America should have access to affordable housing, and our mission is to make that happen by providing credit-worthy families the financial tools to purchase a home. We believe that by assisting responsible home buyers to overcome the challenge of the minimum investment required for a mortgage, we are helping to create healthy communities by improving the balance between home ownership and other types of housing.
Through the Chenoa Fund, borrowers that meet our income, credit score and DTI requirements and who can otherwise qualify for an FHA loan, can receive a first mortgage and a second mortgage to cover their 3.5% minimum investment requirement.
Chenoa Fund Loan Process Details
Chenoa Fund works only with approved, full eagle correspondent lenders. It does not work directly with borrowers. If you are a borrower viewing this page, please contact your local mortgage lender for details.
The objective of the Chenoa Fund is to assist as many home buyers as possible to achieve the dream of home ownership. Our guidelines are designed to allow as many credit-worthy borrowers as possible the ability to purchase a home. Below are some highlights of our guidelines, or you may also view our complete
We work hard to make sure that your closings happen on-time and with as little hassle as possible. Our staff of professionals will provide you with everything necessary to make sure your loan closes smoothly.
The Chenoa Fund is a housing program providing families with an affordable option for purchasing a home. When combined with our first mortgage, qualified borrowers can receive a second mortgage or grant to purchase a home with little or no cash investment.
