Down Payment Assistance - Multiple States
Down Payment Assistance Options for Multiple States
Chenoa Fund
Powered by CBC Mortgage Agency, the Chenoa Fund offers either 3.5% or 5% down payment assistance to help homebuyers secure their future home. Available as a forgivable or a repayable loan option to match your needs.
General Requirements:
- Minimum FICO score of 600
- No income limits
Homebuyer Equity Leverage Partnership (HELP)
FHLB Dallas helps income-qualified individuals and families achieve homeownership by providing financial support for down payments and closing costs.
General Requirements:
- Be at or below 80 percent of the area median income (AMI) as defined by HUD
- Must complete a homebuyer counseling program
- Must contribute $500 of their own funds toward the required down payment or closing costs
- Must commit to retaining their home for a period of five years
- May not receive any cash back at closing