Down Payment Assistance Programs

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• 600 Min. FICO
• Repayable Second Mortgage
• DTI Restrictions per AUS Guidelines
• 3.5% DPA to Cover Down Payment
• Forgivable after 36 Consecutive Payments on 1st Mortgage
• Please see HUD Handbook 4000.1 for Current UFMIP Rates

• 50% MAX DTI
• 640 MIN FICO
• Repayable 2nd Mortgage
• Qualifying Income Less than or equal to 135% AMI
• CBCMA Offers 3.5% to cover down payment

• 600 Min. FICO
• Forgivable 2nd Mortgage
• 3.5% DPA to Cover Down Payment
• Qualify Income Less <115% AMI
• DTI Restrictions Per AUS Guidelines 
• 0% Interest with 10 Year term or 5% Interest with 30 year term
• Please see HUD Handbook 4000.1 for Current UFMIP Rates

•  [90–95% LTV] and Conventional 97% LTV first mortgages 
• 620 Minimum FICO
• At least one borrower has to qualify for First Time Home Buyer
• DTI ratio limits based on credit score

For more information visit: 

https://chenoafund.org/lender/programs/