Learn how Chenoa Fund provides 3.5%–5% down payment assistance nationwide with FHA 203(b). Compare forgivable vs repayable options, check eligibility, and apply today.
Get 3.5% to 5% toward your down payment or closing costs. Available nationwide with an FHA 203(b) first mortgage — so you keep more cash after closing.
Administered by CBC Mortgage Agency — a federally chartered tribal enterprise. Program subject to borrower qualification and lender approval.
Two assistance levels
Chenoa Fund covers a percentage of your purchase price as a second mortgage layered on top of your FHA 203(b) first loan. The amount you receive depends on the product — and whether you choose a forgivable or repayable structure.
Standard assistance
Most common FHA pairing
Example: $350,000 home → $12,250 in assistance
Enhanced assistance
Higher cash-to-close relief
Example: $400,000 home → $20,000 in assistance
Quick estimate
Slide to your target purchase price and see how much Chenoa Fund could contribute at 3.5% and 5%. Ryan and Steve confirm exact numbers against current product guidelines.
At 3.5%
estimated assistance
At 5%
A $ home could receive $ –$ toward down payment or closing costs.
Forgivable vs repayable
Chenoa Fund offers two main pathways. The forgivable option costs nothing monthly if you stay on track — the repayable option trades forgiveness for a predictable 10-year payment schedule.
Forgivable
Repayable
Chenoa Fund opens doors for buyers who might not qualify for state programs — but every file still goes through full underwriting. Here is what we screen before you write an offer.
Mortgage Knowledge Center
Deep-dive guides on how Chenoa works, closing timelines, documents, stacking with other DPA, pros and cons, and more.
Ryan and Steve will model forgivable and repayable Chenoa structures against your FHA pre-approval — so you know your cash to close before you shop.
Chenoa Fund is a registered trademark of CBC Mortgage Agency. All programs are subject to borrower qualification and lender approval. This website is not directly affiliated with or endorsed by HUD, FHA, or the CBC Mortgage Agency.