Funds AvailableWest Valley CitySecond Mortgage
West Valley Chenoa Fund
CBC Mortgage Agency / Chenoa Fund
$25,000
Maximum Assistance
120%
AMI Income Limit
Program Summary
3.5% of purchase price for FHA down payment. Options: 10-year repayable or 30-year 0% loan forgiven after 36 on-time payments.
Eligibility Requirements
Location
Property must be in West Valley City
Buyer Type
Open to all buyers (first-time and repeat)
Income Limit
Household income must not exceed 120% of Area Median Income (AMI) for your county and household size.
Primary Residence
Must be your primary residence (not investment property)
How to Apply
Apply through Chenoa Fund approved lender. Minimum 600 credit score required.
Required Documents
- Lender pre-approval
- Credit verification