Chenoa Fund FHA 5% Forgivable Loan

Chenoa Fund FHA 5% Forgivable Loan provides assistance of 5% as a forgivable loan for qualifying homebuyers in Colorado.

Requirements

max housing expense ratio of 31.0%
max debt-to-income of 45.0%
max LTV of 96.5%%
min credit score of 600
min borrower contribution of $0
must be primary residence
homebuyer education course required

Participating Wholesale Lenders

Orion Lending
Paramount Residential Mortgage Group
Western Express Lending
Norcom Mortgage
Sunwest Mortgage

Mortgage Types

FHA

Loan Terms

Forgiven after 120 months

Program Homepage

Lender Resources

Program Guidelines

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Lattice Thinking, Inc. All rights reserved. Lattice Thinking, Inc is a mortgage broker that does business under the business name Stairs Mortgage. Lattice Thinking, Inc is not a mortgage lender and, therefore, does not make residential mortgage loans.

NMLS # 1839645

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