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Down Payment Assistance for Your FHA Loan

At Castle & Cooke Mortgage, we’re proud to offer financing solutions that put the dream of homeownership within reach for more borrowers. The Chenoa Fund Down Payment Assistance (DPA) Program combines an FHA mortgage with down payment assistance up to 3.5% of the purchase price. Assistance offered through the Chenoa Fund DPA Program is determined by the income of the borrower(s) and may be in the form of a non-repayable gift, soft second (non-repayable after 36 payments), or fully amortized second mortgage.

Program Details

  • 30-year fixed rate FHA first mortgage
  • Minimum 620 FICO score
  • Available for single family, 1-unit properties
  • Non-occupant co-borrowers permitted
  • Assistance type determined based on income as a percentage of area median income

 

indexShavarsh Alajajyan
Loan Officer  |  NMLS# 488378

C: 818-355-2827 O: 818-480-6765
salajajyan@castlecookemortgage.com
salajajyan.castlecookemortgage.com

3500 W. Olive Ave., Suite 1430  |  Burbank, CA  91505

 

 

 

 

*Chenoa Fund Program not available in IL, MA, MS, NY, SD & WV.


Castle & Cooke Mortgage, LLC® (NMLS #1251) is a leading independent mortgage lender headquartered in Draper, Utah, with locations across the United States.

Restrictions may apply. Not all who apply will qualify. Program qualifications & offerings are subject to change at any time. Equal Housing Opportunity. Castle & Cooke Mortgage, LLC is licensed in AL, AZ, CA, CO, CT, FL, GA, HI, ID, IN, IA, MD, NE, NV, NM, NC, OK, OR, TN, TX, UT, WA, and WY. Castle & Cooke Mortgage, LLC is licensed by the Arizona Department of Financial Institutions Arizona Mortgage Banker: BK-0908287. Castle & Cooke Mortgage, LLC is licensed by the Department of Business Oversight, under the California Residential Mortgage Lending Act License #4130740. In Colorado, Castle & Cooke Mortgage, LLC is regulated by the Division of Real Estate. Georgia Residential Mortgage Licensee, License #43759. Oregon Mortgage Lending License #ML-4090.