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Why CBC Mortgage Agency?

At CBC Mortgage Agency (“CBCMA”) we believe that everyone in America should have access to affordable housing. We believe that by assisting responsible home buyers to overcome the challenge of the minimum investment required (“MRI”) to purchase a home with an FHA-insured mortgage we are helping create healthy communities by improving the balance between housing and the people who live there.

Home ownership isn’t for everyone. But housing is. We believe that by eliminating the down payment assistance barrier we can reduce the competition for “shelter” housing which in turn helps reduce its cost.

We are committed to assisting a new generation of homeowners to achieve the American Dream.

CBCMA specializes in providing 100% financing for loans guaranteed by the Federal Housing Administration (“FHA”), with a focus on underserved markets.

CBCMA uses its Chenoa Fund program to help credit worthy families realize the dream of home ownership by providing hopeful home buyers the financial tools to purchase a home.

Affordable housing programs to meet your needs

Our affordable housing programs help meet the needs of an under served population. Because of the restrictions put on lending in recent years, there is a significant need for home financing by those who have good credit and a responsible debt burden, but who have been unable to put aside sufficient funds to provide a down payment. There are also a significant number of borrowers who would rather save the nest-egg they have carefully amassed for a rainy day rather than use it for a down payment.

The Chenoa Fund

Chenoa Fund is a housing program providing families with an affordable option for purchasing a home. When combined with our first mortgage, qualified borrowers can receive a second mortgage or grant to purchase a home with little or no cash investment.

Simply Home Down Payment

Simply Home Down Payment Program to assist qualified borrowers to achieve the dream of home ownership in conjunction with state housing finance agencies and quality mortgage professionals. Simply Home makes home ownership simple.

An Amazingly Easy Home-buying Experience

CBC Mortgage Agency (“CBCMA”) is a housing financing authority with an approval from the Department of Housing and Urban Development as a Title II Government Lender. CBCMA seeks the opportunity to leverage its unique structure as a government housing authority to offer a national program where its correspondent partners enjoy one set of guidelines rather than the maze of local and state program requirements and restrictions. CBCMA works only with correspondents who originate, process, underwrite and fund the loans, which they in turn sell to CBCMA.

An Approved Government Mortgage Lender

CBCMA was created on May 13, 2013 as a subsidiary of the Cedar Band Corporation (“CBC”), which was created as an arm of tribal government under the constitutional authority of the tribal council of the Cedar Band of Paiutes of the Paiute Indian Tribe of Utah (the “Cedar Band”). The Cedar Band is a Federally Recognized Native American sovereign nation. Formal federal recognition of the Cedar Band occurred on April 3, 1980 with the passage of the Paiute Indian Tribe of Utah Restoration Act (25 U.S.C. § 761, et. seq.). Section 3(a) of that Act states that the federal trust relationship is "restored or confirmed with respect to the Cedar City Band of Paiute Indians of Utah." (25 U.S.C. § 762(a)).

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