Chenoa Fund works on primary residences — single-family, eligible condos, owner-occupied 2–4 units, and qualifying manufactured homes.
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Chenoa Fund
Property Types
Chenoa Fund is built for primary-residence purchases that qualify for an eligible FHA 203(b) first mortgage — typically single-family homes, eligible condos, and certain owner-occupied 2–4 unit or manufactured properties.
Chenoa Fund assistance pairs with a first mortgage on a home you will occupy as your primary residence. Investment properties and second homes are outside the program’s intent — even if the property type itself could be financed another way.
Within that owner-occupant frame, property eligibility largely follows what FHA 203(b) will accept: site-built single-family homes are the most common path.
Condos, townhomes, manufactured homes, and small multi-unit properties can qualify when project, title, and occupancy rules clear — Ryan and Steve screen that before you write an offer.
Use this checklist before you fall in love with a listing that cannot clear underwriting.
Chenoa follows the first loan’s property rules — then adds occupancy and second-lien requirements.
Related Chenoa and property guides before you write an offer.
Send Ryan & Steve the address and property type. We’ll confirm Chenoa + first-mortgage eligibility before you write the offer.
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.