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CHENOA HOMEBUYER PROGRAM

Chenoa FHA Homebuyer Program
 



 

Benefits:

•Removes the 3.5% down payment requirement on FHA  loans by using a second mortgage as assistance

•Second mortgage is fixed rate and fully amortizing with a payment
 

Key Qualification Points:

•No income limit

•620 minimum credit score

•50% DTI with system approval

•Primary residence only

•Must be U.S citizen/legal resident

•Program follows standard FHA guidelines

•Maximum loan amount is $294,515 per county FHA limit

•May own additional property

•Non-occupying co-borrowers allowed in some cases

 

Property Details

•Property must meet FHA property guidelines

•Renovation loans not allowed

•No manufactured housing
 

What you and your client need to know:

•Program does have income based qualifications

•May be used in most states and counties

•No rush closings



If you would like more information about the Chenoa FHA Homebuyer Grant program or any other Homebuyer programs available in the Charlotte NC area, please fill out the form below or call 704-965-3319 for a faster response.

You can now APPLY ONLINE see if you qualify.

100% Financing No PMI Home Loans available! 


 

 

 








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Top Charlotte Realtor Trena Miller
Premier Agent  Five Star Realtor
Trena Miller

Pruitt Miller Realty Group
Charlotte, NC 28262

704-965-3319
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Trena Miller | 704-965-3319 | Contact Us
10130 Mallard Creek Rd #300 - Charlotte, NC 28262
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