Chenoa Fund Program Down
Payment Assistance
Chenoa Fund Payment Assistance offers up to 5% in assistance for down payment and costs.
Years of Experience
Brand Trusted by Millions
Secure Financial Strength
How the Chenoa Fund Helps You
What is the Chenoa Fund?
Buying a home shouldn’t feel out of reach just because you’re short on savings. With help from Mutual of Omaha Mortgage and the Chenoa Fund, you may be able to buy a home with little to no money down—even if it’s your first time.
The Chenoa Fund is a nationwide down payment assistance program designed to make homeownership possible for credit-worthy buyers who need help with upfront costs.
Key Features
Up to 5% assistance toward your down payment and/or closing costs
Available with FHA loan options, ideal for lower credit scores (minimum 600)
Not limited to first-time buyers, available to a wide range of homebuyers
A variety of loan structures tailored to your financial goals
Who Qualifies for Chenoa Fund Assistance?
Homebuyers using an FHA loan
Individuals with credit scores as low as 600
Buyers looking for low or no down payment options
First-time and repeat buyers alike
Here’s How to Get Started
- Compare your options: We’ll show you an estimate with your loan, interest rate, monthly payment, and cash-to-close.
- Start your application: Begin the pre-approval process online or with a loan officer.
- Secure your down payment assistance: We’ll help you apply and move forward toward homeownership.
About Mutual of Omaha Mortgage
The Mutual of Omaha Insurance Company has been helping customers since 1909. Inspired by hometown values and committed to being responsible and caring for each other, we exist for the benefit of our customers.
As a full-service mortgage lender, we have the solution for nearly every mortgage need. Our portfolio of home financing options include: fixed and adjustable rate loans, FHA, VA, USDA, jumbo loans, and refinancing programs. Along with our products, we offer competitive rates, a streamlined process and local underwriting and processing support —all focused on helping serve the needs of customers.
- A wide range of home refinancing
- Timely, accurate loan status updates
- Competitive rates and fees
- A+ rating with Better Business Bureau
Frequently Asked Questions
No. While many programs focus on first-time buyers, the Chenoa Fund is available to both first-time and repeat buyers who meet eligibility requirements.
The Chenoa Fund may provide up to 5% of the first mortgage loan amount to help cover your down payment and/or closing costs, depending on the loan structure you qualify for.
Yes. The Chenoa Fund works with FHA loans and accepts credit scores starting at 600, helping more buyers access affordable home financing.
Some Chenoa Fund options offer forgivable second mortgages after a set period of on-time payments, while others may be repayable. Your loan officer can explain the structure that fits your financial situation.
The Chenoa Fund is designed to work with FHA loans, making it an ideal option for buyers who need flexible credit and low down payment options.
Just a Minute Could Unlock Your Options
Answer a few quick questions and see if you might qualify for down payment assistance through the Chenoa Fund. No commitment.
