To Buy or Rent? What is the Best Option?

Author: Christian Olin, VP of Direct Lending at OnQ Financial  Unless you plan on living with your parents forever, you’ll need to explore housing options. One of the first decisions you need to make is whether to rent or buy. There are a few factors that play into this choice. Think about how long you’re […]

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

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 […]

“We gotta buy the land we walk on”: Waka Flocka Flame, Miki Adams, and others talk Black Homeownership with the Cleveland Realtist Association

“We gotta buy the land we walk on.” Not everybody knows this, but Waka Flocka Flame, the infamous rapper, is also a strong advocate for black homeownership. He bought his first home in 2009 and wasn’t even aware of how wealthy that home was going to help make him—he just knew that he wanted a […]

July 2, 2020

“Chenoa Fund demonstrates how responsibly run national DPA programs benefit the consumer. Innovative financial solutions, such as our CRA Note Exchange, have allowed us to offer the Rate Advantage program, which offers rates competitive with standard FHA loans, even with DPA included. Also, by running mortgage banking in-house vs. outsourcing operations through large bankers, we have brought […]

June 26, 2020

Chenoa Fund demonstrates how responsibly run national DPA programs benefit the consumer. Innovative financial solutions, such as our CRA Note Exchange, have allowed us to offer the Rate Advantage program, which offers rates competitive with standard FHA loans, even with DPA included. Also, by running mortgage banking in-house vs. outsourcing operations through large bankers, we […]

June 23, 2020

Monitored Marketplace: It appears HUD is considering regulating the benefits to, and geographical operating areas of, governmental entities providing DPA, like CBC Mortgage Agency. But Miki Adams, vice-president of CBC, which operates the Chenoa Fund program, says there is a better way: a monitored marketplace that tracks the pricing and performance of loans by individual […]

How to Understand The Mortgage Process As A Realtor

Author: Christian Olin, VP of Direct Lending As a realtor, you are usually the first point of contact for any homebuyer. Whenever your client has a question, you are the first person they think to ask. They are going to be looking for guidance from you. That’s why the realtor must take on many roles; […]

June 12th, 2020

Steps we’re taking to help our borrowers during COVID-19  As COVID-19 wreaks havoc on the lives of many mortgage borrowers, those who utilized down payment assistance (DPA) to purchase their homes face an additional obstacle. DPA that comes in the form of a forgivable second mortgage requires that borrowers remain current on both their first […]

Chenoa Fund

This site is for informational purposes and is for use by licensed industry professionals.
This site and the information contained therein is not a solicitation to lend money to consumers.

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