If you’re searching for Chenoa Fund Rates, you’re probably ready to check what FHA + Chenoa loan options you qualify for — and how much you can save.
At Loan Factory, you can instantly compare real-time rates from 240+ wholesale lenders, including those offering the Chenoa Fund Down Payment Assistance Program.
No waiting, no guessing — just live pricing tailored to your profile.
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Sample Chenoa Fund Rates (Illustrative Example)
Here’s a sample rate table to help you understand how Chenoa Fund Rates compare across credit score ranges and program types:
Credit Score | Loan Type | FHA Base Rate | Chenoa Option | Approx. APR | Monthly P&I* |
| 740+ | Forgivable | 6.25% | 0% interest | 6.50% | $1,539 |
| 680–739 | Repayable | 6.375% | 5% (10 yrs) | 6.60% | $1,632 |
| 620–679 | Forgivable | 6.50% | 0% interest | 6.75% | $1,560 |
*For a $250,000 FHA loan. Rates are examples only and vary daily by credit score, location, and market conditions. For real-time rates, visit LoanFactory.com/quote.
→ Read more: Chenoa Down Payment Assistance | Complete Guide to Chenoa Fund
How Do Chenoa Fund Rates Work?
When you use the Chenoa Fund Program, you actually have two loans working together:
- Primary FHA Mortgage
- Covers most of the home’s purchase price.
- Rate depends on your credit, DTI, and market conditions.
- Chenoa Second Mortgage
- Covers the 3.5% FHA down payment.
- Comes in two types:
- Forgivable: 0% interest, no monthly payment, forgiven after 36 months of on-time FHA payments.
- Repayable: Low fixed interest (often ~5%) for 10 years, with a small monthly payment.
Your total Chenoa Fund Rate depends on the combination of these two loans.
What Affects Chenoa Fund Rates?
Several factors determine your exact Chenoa Fund Rate:
- Credit Score: Minimum 600; higher scores mean better FHA pricing.
- Program Type: Forgivable options may carry slightly higher FHA rates; repayable loans can allow lower rates.
- Debt-to-Income Ratio (DTI): Lower DTI = stronger rate options.
- Market Conditions: FHA and bond markets change daily.
- Lender Choice: Not all lenders offer Chenoa pricing equally — that’s why comparison is key.
Loan Factory helps you instantly see side-by-side rates from 240+ lenders, so you always know if you’re getting the best deal.
Example: FHA Loan vs. Chenoa Fund Loan
Let’s say you’re buying a $250,000 home using an FHA loan.
Scenario | FHA Loan Rate | Down Payment | 2nd Loan | Monthly Payment |
| FHA Only | 6.25% (APR 6.5%) | $8,750 (cash) | None | ≈ $1,539 |
| FHA + Chenoa Forgivable | 6.375% (APR 6.6%) | $0 | Forgiven after 36 mo. | ≈ $1,560 |
| FHA + Chenoa Repayable | 6.125% (APR 6.35%) | $0 | $8,750 @ 5% (10 yrs) | ≈ $1,632 |
Interpretation:
- If you have savings, FHA-only is slightly cheaper monthly.
- If not, Chenoa Forgivable lets you buy now — no upfront savings required.
- Chenoa Repayable is a great middle ground: lower FHA rate, small 2nd payment.
Why Compare Chenoa Fund Rates at Loan Factory?
Here’s why thousands of homebuyers choose Loan Factory when exploring Chenoa Fund options:
- Real-time rate comparison from 240+ lenders
- AI-powered MOSO platform for instant matches
- Transparent pricing – no junk or hidden fees
- Local loan advisors who explain every detail
- Trusted by 15,000+ homebuyers, led by Thuan Nguyen (#1 Loan Officer in the U.S.)
“We believe every homebuyer deserves transparency and the lowest rate possible.
That’s why Loan Factory shows every option side by side—so you can choose with confidence.”
— Thuan Nguyen, CEO
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Why Choose Loan Factory
Loan Factory is America’s most transparent mortgage platform — helping buyers save thousands every year.
Benefits for Homebuyers:
- Best Price Guarantee: Get $1,000 if we can’t beat a competitor’s rate.
- Zero application or junk fees.
- Compare 240+ lenders instantly.
- AI-powered MOSO system for faster approvals and rate tracking.
- Local advisors nationwide for personal guidance.
- Led by Thuan Nguyen, the #1 Loan Officer in America.
Ready to see your real Chenoa Fund Rate? Get live FHA + Chenoa options from 240+ lenders in minutes. Check Rates Now → LoanFactory.com/quote
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