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Down Payment Assistance

Down Payment Assistance

Need a little help with a down payment? We may have the answer!

If you’re a low or middle-income home buyer who qualifies for an FHA first mortgage but could use some down payment assistance, Ideal Lending Solutions may have the answer. In fact, based on your income there are three options possibly available, providing up to 3.5% of the sale price or appraised value (whichever is less).

Thousands of people each year dream of becoming homeowners. Chenoa Fund presents an alternative down payment solution for your home


  • All FHA approved buyers with 620+ FICO are qualified
  • Down payment assistance of up to 3.5 % of the sale price or appraised value
  • Underwritten in-house for seamless process, keeping you competitive in this sellers market
  • No income restrictions
  • No first-time homebuyer restrictions
  • Premium pricing (1st MTG) to cover closing costs
  • No DTI restrictions with AUS approval
  • High Balance Options


  • Must be combined with an FHA insured first mortgage loan
  • Qualifying income used for AMI calculations is based on the value of the property and the areas median income
  • Appraisal required
  • Eligible properties, Single family property only, condominium unit, primary residence only
  • Mortgage Redemption Insurance (MRI) is required

Let Us Help Make Your Dream A Reality

Find out how much home you can afford today!

AFN is not acting on behalf of or at the direction of any state or federal agencies. Brokered products may have higher rates or different terms. Products not available in all areas. Please contact your loan professional for more details. Additional terms and conditions may apply. Please contact your loan professional for more details. Chenoa Fund is a program of CBC Mortgage Agency, an FHA Approved Government Lender – NMLS# 1175025. To receive down payment assistance from Chenoa Fund, you must qualify for an FHA First mortgage loan through American Financial Network, Inc

Ideal Lending Solutions | West Palm Beach | Boca Raton | Jupiter | Aventura
American Financial Network, Inc., DBA Ideal Lending Solutions, is not a government entity; CORP NMLS# 237341 ; Equal Opportunity Employer ; Equal Opportunity Lender American Financial Network, Inc. 10 Pointe Drive, Suite 330, Brea, CA 92821. Click here to view our current licensing information as listed on NMLS® Consumer Access.

Equal Housing LenderAmerican Financial Network, Inc. is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided you have the capacity to enter into a binding contract), because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. The federal agency that administers our compliance with these federal laws is the Federal Trade Commission, Equal Credit Opportunity, Washington, DC, 20580.

American Financial Network, Inc. is not acting on behalf of or at the direction of the federal government, and this offer is not being made by an agency of the government.