Chenoa Fund Down Payment Assistance in CT, NC & FL

Down Payment Assistance Available in CT, NC & FL Through Northeast Financial

Buying a home is one of the biggest financial steps you'll take — and for many people, the down payment is the biggest hurdle. At Northeast Financial, we’re proud to offer the Chenoa Fund Down Payment Assistance Program, a powerful option that can help make homeownership achievable sooner than you think.

Whether you’re a first-time buyer or you’ve owned a home before, the Chenoa Fund may be the solution that gets you into your new home with less cash upfront.

⭐ Why the Chenoa Fund Stands Out

Here are two major advantages that make this program unique:

✔ No Income Limits

Many down payment assistance programs restrict eligibility based on income.
Chenoa does not.
This means buyers across a wide income range may qualify — including those who don’t fit traditional “low-to-moderate income” guidelines.

✔ Not Just for First-Time Buyers

Unlike many assistance programs, the Chenoa Fund is not limited to first-time homebuyers.
You can qualify even if you’ve purchased a home before.

These two features make Chenoa one of the most flexible and accessible DPA programs offered anywhere.

💡 What Is the Chenoa Fund?

The Chenoa Fund is a national down payment assistance program designed to help borrowers secure the required down payment for an FHA home loan.

Depending on your situation, assistance may come in the form of:

• 3.5% or up to 5% of the purchase price

• A forgivable second mortgage (after meeting certain conditions)

• Or a repayable second mortgage with affordable terms

The assistance is paired with an FHA mortgage, helping many buyers get into a home with significantly less cash out of pocket.

🏡 Program Availability at Northeast Financial

We proudly offer the Chenoa Fund in the following states:

• Connecticut (CT)

• North Carolina (NC)

• Florida (FL)

These are some of our strongest markets for FHA and down payment assistance — and Chenoa has proven to be a powerful tool for buyers who need help bridging the down-payment gap.

🔍 Who Can Qualify?

Chenoa works well for buyers who:

• Want to purchase an owner-occupied home

• Need help covering their FHA minimum down payment

• Have a qualifying credit score (typically 600–620+)

• Want a program without income caps

• May or may not be first-time homebuyers

• Prefer flexible assistance options (forgivable or repayable)

If you’ve been told you “make too much” for other assistance programs — or that you don’t qualify because you’ve owned a home before — Chenoa could be exactly what you need.

💬 Why Homebuyers Choose Chenoa

Homebuyers are drawn to the Chenoa Fund because it offers:

• Easier entry into the housing market

• Reduced upfront costs

• More flexible qualification rules

• A realistic path to approval for many creditworthy borrowers

With the rising cost of homeownership, Chenoa provides a meaningful way to get into a home now rather than waiting years to save a larger down payment.

📞 See If You Qualify — Call Northeast Financial

If you’re thinking about buying a home in CT, NC, or FL, the Chenoa Fund may be the key to unlocking your down payment and moving forward with confidence.

Our team at Northeast Financial is ready to help you:

• Review your situation

• Explain your options

• Determine your eligibility

• Estimate your potential assistance

Call us today at 844-788-7237 to learn more.
A quick conversation could be the first step toward owning your next home.home.