{"id":11710,"date":"2021-10-19T15:04:23","date_gmt":"2021-10-19T15:04:23","guid":{"rendered":"https:\/\/chenoafund.org\/?p=11710"},"modified":"2026-03-17T14:44:40","modified_gmt":"2026-03-17T14:44:40","slug":"21-10-19-announcement-october-19-2021-program-guidelines-update","status":"publish","type":"post","link":"https:\/\/chenoafund.org\/21-10-19-announcement-october-19-2021-program-guidelines-update\/","title":{"rendered":"Program Guidelines Update \u2013 October 19, 2021 | Chenoa Fund"},"content":{"rendered":"\r\n<h2 class=\"wp-block-heading\">10\/19\/2021<\/h2>\r\n\r\n\r\n\r\n<p><strong>All policy changes and updates are referenced below to the appropriate section of the CLG. These policy changes are effective 10\/19\/2021 unless otherwise noted.<\/strong><\/p>\r\n\r\n\r\n\r\n<p><strong>To review the program guidelines changes made October 5, 2021, or earlier, please follow <a href=\"https:\/\/chenoafund.org\/lender\/archive-program-guidelines\/\">this link<\/a> to the archived Correspondent Lending Guides.<\/strong><\/p>\r\n\r\n\r\n\r\n<p><strong>These updates apply to everyone using the Chenoa Fund program\u2014correspondents and TPO.<\/strong><\/p>\r\n\r\n\r\n\r\n<p><span class=\"has-inline-color has-white-color\">.<\/span><\/p>\r\n\r\n\r\n\r\n<p><strong>Announcements<\/strong><\/p>\r\n\r\n\r\n\r\n<p>We have received many questions from our correspondents as to whether our 2nd mortgages should be entered as \u201cconventional\u201d or \u201cother\u201d in AUS: \u201cother\u201d is the preferred choice.<\/p>\r\n\r\n\r\n\r\n<p><span class=\"has-inline-color has-white-color\">.<\/span><\/p>\r\n\r\n\r\n\r\n<p><strong>Guidelines Updates<\/strong><\/p>\r\n\r\n\r\n\r\n<p>Section 5.34.12 (Gaps in Employment), has been updated with the following text:<\/p>\r\n\r\n\r\n\r\n<p>All Programs: FHA guidelines require all loan applications to contain a complete two-year history of employment on the 1003. CBCMA requires an LOE for any gaps larger than thirty (30) days or for files with less than two (2) years of employment history. The start date for this two-year history is the application date for the 1003.<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>10\/19\/2021 All policy changes and updates are referenced below to the appropriate section of the CLG. These policy changes are effective 10\/19\/2021 unless otherwise noted&#8230;.<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[104],"tags":[338],"class_list":{"0":"post-11710","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-updates-and-announcements","7":"tag-program-guidelines-update"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Program Guidelines Update \u2013 October 19, 2021 | Chenoa Fund - CBC Mortgage Agency<\/title>\n<meta name=\"description\" content=\"Discover the updated program guidelines announced on October 19, 2021, for Chenoa Fund, including key changes and essential information.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/chenoafund.org\/21-10-19-announcement-october-19-2021-program-guidelines-update\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Program Guidelines Update \u2013 October 19, 2021 | Chenoa Fund - CBC Mortgage Agency\" \/>\n<meta property=\"og:description\" content=\"Discover the updated program guidelines announced on October 19, 2021, for Chenoa Fund, including key changes and essential information.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/chenoafund.org\/21-10-19-announcement-october-19-2021-program-guidelines-update\/\" \/>\n<meta property=\"og:site_name\" content=\"CBC Mortgage Agency\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ChenoaFundOfficial\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-19T15:04:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-17T14:44:40+00:00\" \/>\n<meta name=\"author\" content=\"James Bethe\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Chenoa_Fund\" \/>\n<meta name=\"twitter:site\" content=\"@Chenoa_Fund\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"James Bethe\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/chenoafund.org\\\/21-10-19-announcement-october-19-2021-program-guidelines-update\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/chenoafund.org\\\/21-10-19-announcement-october-19-2021-program-guidelines-update\\\/\"},\"author\":{\"name\":\"James Bethe\",\"@id\":\"https:\\\/\\\/chenoafund.org\\\/#\\\/schema\\\/person\\\/299cfb8c03905ace40291040893ccc4b\"},\"headline\":\"Program Guidelines Update \u2013 October 19, 2021 | Chenoa Fund\",\"datePublished\":\"2021-10-19T15:04:23+00:00\",\"dateModified\":\"2026-03-17T14:44:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/chenoafund.org\\\/21-10-19-announcement-october-19-2021-program-guidelines-update\\\/\"},\"wordCount\":157,\"publisher\":{\"@id\":\"https:\\\/\\\/chenoafund.org\\\/#organization\"},\"keywords\":[\"Program Guidelines Update\"],\"articleSection\":[\"Updates and Announcements\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/chenoafund.org\\\/21-10-19-announcement-october-19-2021-program-guidelines-update\\\/\",\"url\":\"https:\\\/\\\/chenoafund.org\\\/21-10-19-announcement-october-19-2021-program-guidelines-update\\\/\",\"name\":\"Program Guidelines Update \u2013 October 19, 2021 | Chenoa Fund - CBC Mortgage Agency\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/chenoafund.org\\\/#website\"},\"datePublished\":\"2021-10-19T15:04:23+00:00\",\"dateModified\":\"2026-03-17T14:44:40+00:00\",\"description\":\"Discover the updated program guidelines announced on October 19, 2021, for Chenoa Fund, including key changes and essential information.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/chenoafund.org\\\/21-10-19-announcement-october-19-2021-program-guidelines-update\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/chenoafund.org\\\/21-10-19-announcement-october-19-2021-program-guidelines-update\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/chenoafund.org\\\/21-10-19-announcement-october-19-2021-program-guidelines-update\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/chenoafund.org\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Program Guidelines Update \u2013 October 19, 2021 | Chenoa Fund\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/chenoafund.org\\\/#website\",\"url\":\"https:\\\/\\\/chenoafund.org\\\/\",\"name\":\"Chenoa Fund\",\"description\":\"A down payment assistance program.\",\"publisher\":{\"@id\":\"https:\\\/\\\/chenoafund.org\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/chenoafund.org\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/chenoafund.org\\\/#organization\",\"name\":\"Chenoa Fund\",\"url\":\"https:\\\/\\\/chenoafund.org\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/chenoafund.org\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/i0.wp.com\\\/chenoafund.org\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Logo.jpg?fit=500%2C500&ssl=1\",\"contentUrl\":\"https:\\\/\\\/i0.wp.com\\\/chenoafund.org\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Logo.jpg?fit=500%2C500&ssl=1\",\"width\":500,\"height\":500,\"caption\":\"Chenoa Fund\"},\"image\":{\"@id\":\"https:\\\/\\\/chenoafund.org\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/ChenoaFundOfficial\",\"https:\\\/\\\/x.com\\\/Chenoa_Fund\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/cbc-mortgage-agency\",\"https:\\\/\\\/www.youtube.com\\\/channel\\\/UCjSqN9lHVbBrdn7u9tpPTDA\",\"https:\\\/\\\/www.instagram.com\\\/chenoafundofficial\\\/\",\"https:\\\/\\\/www.tiktok.com\\\/@chenoafund\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/chenoafund.org\\\/#\\\/schema\\\/person\\\/299cfb8c03905ace40291040893ccc4b\",\"name\":\"James Bethe\",\"url\":\"https:\\\/\\\/chenoafund.org\\\/author\\\/jamesbethe\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Program Guidelines Update \u2013 October 19, 2021 | Chenoa Fund - CBC Mortgage Agency","description":"Discover the updated program guidelines announced on October 19, 2021, for Chenoa Fund, including key changes and essential information.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/chenoafund.org\/21-10-19-announcement-october-19-2021-program-guidelines-update\/","og_locale":"en_US","og_type":"article","og_title":"Program Guidelines Update \u2013 October 19, 2021 | Chenoa Fund - CBC Mortgage Agency","og_description":"Discover the updated program guidelines announced on October 19, 2021, for Chenoa Fund, including key changes and essential information.","og_url":"https:\/\/chenoafund.org\/21-10-19-announcement-october-19-2021-program-guidelines-update\/","og_site_name":"CBC Mortgage Agency","article_publisher":"https:\/\/www.facebook.com\/ChenoaFundOfficial","article_published_time":"2021-10-19T15:04:23+00:00","article_modified_time":"2026-03-17T14:44:40+00:00","author":"James Bethe","twitter_card":"summary_large_image","twitter_creator":"@Chenoa_Fund","twitter_site":"@Chenoa_Fund","twitter_misc":{"Written by":"James Bethe","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/chenoafund.org\/21-10-19-announcement-october-19-2021-program-guidelines-update\/#article","isPartOf":{"@id":"https:\/\/chenoafund.org\/21-10-19-announcement-october-19-2021-program-guidelines-update\/"},"author":{"name":"James Bethe","@id":"https:\/\/chenoafund.org\/#\/schema\/person\/299cfb8c03905ace40291040893ccc4b"},"headline":"Program Guidelines Update \u2013 October 19, 2021 | Chenoa Fund","datePublished":"2021-10-19T15:04:23+00:00","dateModified":"2026-03-17T14:44:40+00:00","mainEntityOfPage":{"@id":"https:\/\/chenoafund.org\/21-10-19-announcement-october-19-2021-program-guidelines-update\/"},"wordCount":157,"publisher":{"@id":"https:\/\/chenoafund.org\/#organization"},"keywords":["Program Guidelines Update"],"articleSection":["Updates and Announcements"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/chenoafund.org\/21-10-19-announcement-october-19-2021-program-guidelines-update\/","url":"https:\/\/chenoafund.org\/21-10-19-announcement-october-19-2021-program-guidelines-update\/","name":"Program Guidelines Update \u2013 October 19, 2021 | Chenoa Fund - CBC Mortgage Agency","isPartOf":{"@id":"https:\/\/chenoafund.org\/#website"},"datePublished":"2021-10-19T15:04:23+00:00","dateModified":"2026-03-17T14:44:40+00:00","description":"Discover the updated program guidelines announced on October 19, 2021, for Chenoa Fund, including key changes and essential information.","breadcrumb":{"@id":"https:\/\/chenoafund.org\/21-10-19-announcement-october-19-2021-program-guidelines-update\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/chenoafund.org\/21-10-19-announcement-october-19-2021-program-guidelines-update\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/chenoafund.org\/21-10-19-announcement-october-19-2021-program-guidelines-update\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/chenoafund.org\/"},{"@type":"ListItem","position":2,"name":"Program Guidelines Update \u2013 October 19, 2021 | Chenoa Fund"}]},{"@type":"WebSite","@id":"https:\/\/chenoafund.org\/#website","url":"https:\/\/chenoafund.org\/","name":"Chenoa Fund","description":"A down payment assistance program.","publisher":{"@id":"https:\/\/chenoafund.org\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/chenoafund.org\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/chenoafund.org\/#organization","name":"Chenoa Fund","url":"https:\/\/chenoafund.org\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/chenoafund.org\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/chenoafund.org\/wp-content\/uploads\/2023\/09\/Logo.jpg?fit=500%2C500&ssl=1","contentUrl":"https:\/\/i0.wp.com\/chenoafund.org\/wp-content\/uploads\/2023\/09\/Logo.jpg?fit=500%2C500&ssl=1","width":500,"height":500,"caption":"Chenoa Fund"},"image":{"@id":"https:\/\/chenoafund.org\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ChenoaFundOfficial","https:\/\/x.com\/Chenoa_Fund","https:\/\/www.linkedin.com\/company\/cbc-mortgage-agency","https:\/\/www.youtube.com\/channel\/UCjSqN9lHVbBrdn7u9tpPTDA","https:\/\/www.instagram.com\/chenoafundofficial\/","https:\/\/www.tiktok.com\/@chenoafund"]},{"@type":"Person","@id":"https:\/\/chenoafund.org\/#\/schema\/person\/299cfb8c03905ace40291040893ccc4b","name":"James Bethe","url":"https:\/\/chenoafund.org\/author\/jamesbethe\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/chenoafund.org\/wp-json\/wp\/v2\/posts\/11710","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chenoafund.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chenoafund.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/chenoafund.org\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/chenoafund.org\/wp-json\/wp\/v2\/comments?post=11710"}],"version-history":[{"count":1,"href":"https:\/\/chenoafund.org\/wp-json\/wp\/v2\/posts\/11710\/revisions"}],"predecessor-version":[{"id":17752,"href":"https:\/\/chenoafund.org\/wp-json\/wp\/v2\/posts\/11710\/revisions\/17752"}],"wp:attachment":[{"href":"https:\/\/chenoafund.org\/wp-json\/wp\/v2\/media?parent=11710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chenoafund.org\/wp-json\/wp\/v2\/categories?post=11710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chenoafund.org\/wp-json\/wp\/v2\/tags?post=11710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}