Published January 23, 2026

Down Payment Assistance: Chenoa

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Written by Katina Long

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I recently discovered that I need a better way of sharing some of the information that can be beneficial to some of you.  So, here is my first blog post of 2026.  You may also receive this via email.  Feel free to share with any friends and/or family that may benefit.  

Note: I won't fill up your inbox. I will just drop a few morsels along the way. Please share with anyone needing mor information.

Let's start the year off with the Chenoa Fund.  Here are a few highlights:
  • Minimum score of 600
  • Get 3.5% or 5% down payment.  The 5% can help go toward closing costs also.
  • Can be used with FHA and conventional loans.
  • NO Income Limits
  • Shows up as a 2nd lien.
  • Has a repayable and forgivable option for the down payment
  • The forgivable has a 30 year term
  • The repayable has a 10 year term.
  • Don't have to be a first time home buyer.
  • Link for further reading:  https://chenoafund.org/homebuyer/programs/
Let me know if you have any questions or need more information.
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