07-15-2020—DPA for Conventional Loans Returning July 20th

July 15, 2020

Announcement:

On Monday, July 20th CBC Mortgage Agency will re-release its conventional DPA offering for both standard conventional and HomeReady loans. CBCMA qualifies as a Community Second (R) provider and our secondary financing conforms to Fannie Mae’s(R) Community Second(R) checklist.* Our program guidelines have not changed and are available on our website at chenoafund.org.

In order to see this program in our online portal, your company will need to be approved by Data Mortgage, Inc. dba Essex Mortgage and by Castle Mortgage Corporation in the Universal Collateral Data Portal. If you have not already been approved by either or both of these companies and wish to offer our conventional product, please reach out to Shaunna.King@chenoafund.org to request that an invitation be sent to you. Questions can be answered by your assigned account executive.

*Chenoa Fund is not approved by Fannie Mae and Fannie Mae (R) and Community Second (R) are registered trademarks of Fannie Mae(R)

 

Click here for daily rates and to access the SRP schedule.

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CBC Mortgage Agency
NMLS: 1186381
912 W. Baxter Drive, Suite 150
South Jordan, Utah 84095

Main: 866-563-3507
Servicing: 866-563-7572
Fax: 435-237-0022
NMLS 1186381. CBC Mortgage Agency is not affiliated with or acting on behalf of the FHA, VA, or USDA. CBC Mortgage Agency provides down payment assistance and does not originate mortgage loans. This site is for information purposes and is used by licensed industry professionals. The site and the information contained therein is not a solicitation to lend money to consumers. 

For licensing information, go to: www.nmlsconsumeraccess.org.
Licensees must also post their license number and the address and telephone number of the Commissioner: Illinois Department of Financial and Professional Regulation, Division of Banking, 100 West Randolph, 9th Floor, Chicago, IL 60601 1-888-473-4858