Down Payment Assistance

We offer down payment assistance solutions for qualifying home buyers in California through the CHENOA Fund.

(866) 655-0466

About the CHENOA Fund

Are you struggling to save a down payment for a home? While many people do manage to purchase a home by saving for a down payment over a period of years, increasing home prices and stagnant or low wages can make this quite difficult. Our down payment assistance helps to create healthy communities by helping the balance between homeownership and other houring opportunities by providing 100% financing. The fund provides down payment aide for both conventional homes loans and FHA mortgages. Borrowers do NOT need to be first time home buyers to qualify.

Call us today for a free consultation and to see if you may qualify – (866) 655-0466

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DPA Edge: Soft Second

  • Used For Second Mortgage
  • 30 Year Fixed 2nd
  • 0% Interest Rate 2nd
  • Min. 620 Credit Score
  • Income Restrictions May Apply
  • Loan may be forgiven after 36 on-time consecutive payments on the 1st mortgage
  • Terms and conditions may apply – Call us today to details

Repayable Second Product

  • No household income requirements
  • 10 & 30 year repayable second mortgage options
  • Interest rates will vary depending upon the term
  • Min. 620 credit score
  • Terms and conditions may apply – Call us today to details

Rate Advantage Program

  • Gives the ability to lock 1st mortgage rate at market comparable rates
  • Min 640 credit score
  • Debt to income ration less than of equal to 50%
  • Income restrictions may apply
  • Terms and conditions may apply – Call us today to details

For Conventional Loans

  • 97% Loan to Value under the HomeReady program
  • For low to moderate income borrowers
  • No household income limit restrictions
  • Min credit score of 640

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City 1st Mortgage Services, LLC. ( is an equal opportunity lender, licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act.

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