DPA Various States
Chenoa Fund offered by CBC Mortgage Agency
These are the most recent updated program guidelines, please advise if you should have any questions. The updates are listed below for your reference;
Updated: The reserves for 3-4 unit property has been removed and Ineligible Properties section updated to include 3-4 units; Employment Gap Documentation section updated to mirror HUD guidelines and LOE for >30 gap removed; typo for soft-pull credit corrected; EPO language replaced in its entirety to mirror LPA
Corrected: minimum credit score in the DPA Program Guidelines Table on pg. 15 to reflect 640 credit score required for 2 units and no foreclosures or bankruptcies permitted.
We want to ensure that as companies make changes to the organization that we continue to get the Program updates to the appropriate contacts, if contact information needs to be updated please advise.
American Financial Resources, Inc.
9 Sylvan Way, Parsippany, NJ 07054
Company NMLS# 2826