By KIMBERLEY HAAS As the Trump administration continues to make changes to how federal resources are allocated, down payment assistance programs could lose the steam they have been gaining in recent years. According to Down Payment Resource, 2025 kicked off with a record number of homebuyer programs. Between Q4 2023 and Q4 2024, 172 new…
CBC Mortgage Agency reached a landmark in homebuyer assistance, helping 50,000 families achieve homeownership with down payment assistance. The agency’s Chenoa Fund provides down payment assistance to first-time homebuyers, minority families, and low-income households, many of whom are first-generation homeowners. The Chenoa Fund provides repayable and forgivable second mortgages to help families struggling to save…
CBC Mortgage Agency introduced temporary rate buydowns to its down payment assistance program for FHA first mortgage financing, the lender announced in a press release. Borrowers have access to either a 2-1 or 1-0 buydown, easing the financial burden on first-time buyers for the first few years of homeownership. “The addition of a 2-1 and…
CBC Mortgage Agency is celebrating its 10-year anniversary by rebranding its correspondent investor and Chenoa Fund Program. The Chenoa Fund has assisted more than 42,000 families with down payments since May 2013 and operates in 49 states and territories. Roughly 75% of the homebuyers who receive down-payment assistance from CBC Mortgage are first-time homebuyers, and…
Mark Leslie is joining CBC Mortgage Agency as director, capital markets, the company announced in a press release. “During my 22 years as a mortgage trader, I’ve worked through several extreme mortgage market cycles that taught me invaluable lessons that apply to today’s high-rate environment,” Leslie said. “I look forward to using this experience to…
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