Forgivable DPA Edge needs no monthly payment; repayable Rate/DPA Advantage uses a 10-year term. Learn when Chenoa balances come due.
Do I Have to Repay the Chenoa Fund? | The 2 Mortgage Guys
Forgivable DPA Edge needs no monthly payment; repayable Rate/DPA Advantage uses a 10-year term. Learn when Chenoa balances come due.
Do I Have to Repay the Chenoa Fund?
Two Paths, Two Repayment Rules
Repayment Snapshot
What Triggers Repayment Early
Forgivable vs. Repayable Side by Side
Keep Exploring
Frequently Asked Questions
Not Sure Which Repayment Path Fits?
It depends on the product. Forgivable DPA Edge requires no monthly payment and can be forgiven after 36 on-time first-mortgage payments. Repayable Rate Advantage / DPA Advantage options require fixed monthly payments over a 10-year term.
Chenoa Fund is structured as a second mortgage behind your first loan. Whether you “repay” it depends on which pathway you choose — not on whether assistance feels like a gift at closing.
DPA Edge is the forgivable option: 0% interest, no monthly payment, and automatic forgiveness after 36 consecutive on-time payments on your first mortgage. Miss a payment and the forgiveness clock typically resets.
Rate Advantage and DPA Advantage are repayable: fixed competitive interest, a 10-year term, and a monthly payment that sits beside your primary mortgage payment until the second lien is paid off.
Even forgivable assistance can come due if the second lien is not yet forgiven.
Use this to decide which Chenoa structure fits your monthly budget and exit plans.
Related Chenoa guides on structure, refinance, and assistance sizing.
Ryan & Steve will model forgivable vs. repayable Chenoa against your first mortgage payment and cash-to-close goals.
Chenoa Fund is a registered trademark of CBC Mortgage Agency. All programs are subject to borrower qualification and lender approval. This website is not directly affiliated with or endorsed by HUD, FHA, or the CBC Mortgage Agency.
- window.open(APPLY_URL, '_blank', 'noopener')} className="px-8 py-4 rounded-xl text-[#020617] text-lg font-semibold transition-all duration-200 hover:shadow-[0_0_20px_rgba(30,205,241,0.25)] active:scale-[0.98]" style= >Get Pre-Approved
- setOpenFaq(openFaq === i ? null : i)} className="w-full flex items-center justify-between gap-4 px-5 py-4 text-left transition-all active:scale-[0.99]">