21-01-15 Announcement—January 15 2021 Program Guidelines Update

01/15/2021 All policy changes and updates are referenced to the appropriate section below. These policy changes are effective 01/15/2021 unless otherwise noted. Additionally, CBCMA has compiled all of its announcements related to COVID-19 into one section immediately following the Recent Updates and Announcements section in the Correspondent Lending Guide. To review the program guidelines changes […]

Chenoa Fund Borrower Spotlight: Theo

The Chenoa Fund Borrower Spotlight shares the stories of borrowers who used Chenoa Fund to become homeowners. Owning a home isn’t for everyone, but there are many Americans who could be homeowners with just a little bit of help. That’s where Chenoa Fund steps in. This is the story of Theo*, who purchased his home […]

21-01-04 Announcement—January 4 2021 Program Guidelines Update

01/04/2021 All policy changes and updates are referenced to the appropriate section below. These policy changes are effective 01/04/2021 unless otherwise noted. Additionally, CBCMA has compiled all of its announcements related to COVID-19 into one section immediately following the Recent Updates and Announcements section. To review the program guidelines changes made December 22, 2020, or […]

20-12-22 Announcement—December 22 2020 Program Guidelines Update

12/22/2020 All policy changes and updates are linked to the appropriate section below. These policy changes are effective 12/22/2020 unless otherwise noted. These updates are additional to the updates published on 12/21/2020.   Additionally, CBCMA has compiled all of its announcements related to COVID-19 into one section immediately following the Recent Updates and Announcements section […]

20-12-21 Announcement—December 21 2020 Program Guidelines Update

12/21/2020 All policy changes and updates are referenced to the appropriate section below. These policy changes are effective 12/21/2020 unless otherwise noted. Additionally, CBCMA has compiled all of its announcements related to COVID-19 into one section immediately following this Recent Updates and Announcements section in the Correspondent Lending Guide. To review the program guidelines changes […]

Chenoa Fund Borrower Spotlight: Meet Sam

The Chenoa Fund Borrower Spotlight shares the stories of borrowers who used Chenoa Fund to become homeowners. Owning a home isn’t for everyone, but there are many Americans who could be homeowners with just a little bit of help. That’s where Chenoa Fund steps in. This is the story of Sam*, who purchased his home […]

Chenoa Fund: Myth Versus Fact Quiz

Chenoa Fund: Myth Versus Fact Quiz Get 100%, win a $5 gift card? (Limited to first X number of winners)   Myth or Fact: Chenoa Fund down payment assistance has a universal minimum FICO requirement of 640. Myth! The DPA Edge products have a minimum FICO requirement of 620.   Myth or Fact: CBC Mortgage […]

20-12-07 Announcement—December 7 2020 Program Guidelines Update

12/07/2020 All policy changes and updates reference the appropriate Correspondent Lending Guide section below. These policy changes are effective 12/07/2020 unless otherwise noted. Additionally, CBCMA has compiled all of its announcements related to COVID-19 into one section immediately following the Recent Updates and Announcements section (in the Correspondent Lending Guide itself). To review the program […]

FHFA Announces 2021 Conforming Loan Limits

FHFA has announced that the conforming loan limits for 2021 will increase to $548,250. (Find the original announcement here.) CBCMA always follows Agency guidelines with regards to loan limits; conventional loans at or under this limit may qualify for Chenoa Fund down payment assistance, provided they meet Chenoa Fund’s other requirements. Conventional high balance loans, […]

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