The Chenoa Fund Borrower Spotlight shares the stories of borrowers who used Chenoa Fund to become homeowners. Owning a home isn’t for everyone, but there are many Americans who could be homeowners with just a little bit of help. That’s where Chenoa Fund steps in. This is the story of Sam*, who purchased his home this year.
I am grateful to my sister for thinking of me. This does relate to buying my house. The time was about April/May 2020. My wife and I had been married for almost 14 years at the time, and we had spent a chunk of that time living at a hotel I managed, then to my parent’s basement for a couple years, and then ultimately an apartment for a couple more years. My sister had reached out to me and asked if I wanted to consider buying her house from her. She wanted to get a bigger yard for her kids and dogs. I thought long and hard about this for a couple days, and then decided to take the jump. Because I purchased from my sister, and she sold to me at a little bit of a reduced price, I had instant equity in the home. My wife would also be so happy, because she has wanted a home for quite some time. I let my sister know and I started working with a mortgage broker. Ultimately, [the broker] was not able to meet the timeline, due to my sister needing us to close by a specific date, so I went with the same lender my sister was using. I reached out to [CBC Mortgage Agency] from the beginning so that I could be able to use the Chenoa Fund DPA program for my home. I have been in the home since June 1st, and I love every minute of it.
We’re grateful that Sam was able to affordably achieve his dream of homeownership through Chenoa Fund. Sam is still living comfortably in his home today, and will be for years to come.
You can read about more borrowers who achieved the blessing of homeownership through Chenoa Fund here. Reach out to info@chenoafund.org to learn more about how you can offer Chenoa Fund, or to learn how to access Chenoa Fund in purchasing your future home.
*Borrower’s name changed to protect privacy.
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