Multiple States

Down payment assistance across multiple states

Two programs listed below can help with the cost of buying a home in several states, and each can sit inside a riba-free structure.

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Chenoa Fund

Powered by CBC Mortgage Agency, the Chenoa Fund offers either 3.5% or 5% down payment assistance to help homebuyers secure their future home. Available as a forgivable or a repayable loan option to match your needs.

Learn more about the program here

Requirements

Minimum FICO score of 600

No income limits

Homebuyer Equity Leverage Partnership (HELP)

FHLB Dallas helps income-qualified individuals and families achieve homeownership by providing financial support for down payments and closing costs.

Learn more about the program here

Requirements

Be at or below 80 percent of the area median income (AMI) as defined by HUD

Must complete a homebuyer counseling program

Must contribute $500 of their own funds toward the required down payment or closing costs

Must commit to retaining their home for a period of five years

May not receive any cash back at closing

Available programs

Features of Sharia-compliant programs

Through partnerships with investors, ijaraCDC offers a diverse list of programs that will fit the needs of any Muslim home buyer.

No Credit Program

Get a home even without established credit history.

Low Credit Program

Low credit score? No problem!

VA Program

Take advantage of VA housing offers for veterans.

Down Payment Assistance

Get up to 3.5% grant for your down payment.

USDA 100% Financing

100% financing for homes in USDA-designated areas.

Physician Program

Helping residents reside in their forever homes the sharia way.

Frequently asked questions

Multi-state down payment questions

Our team answers by phone or email during business hours, and confirms what is available where you are buying.

Is down payment assistance available where I am buying?

The programs above are offered across more than one state. Our team will confirm which of them apply where you are buying, and ijara CDC can pair them with a riba-free structure.

Can DPA be used with Sharia-compliant financing?

Yes. The assistance covers your contribution to the co-ownership, and the agreement itself stays free of riba.

How much can I receive?

It depends on the program and your household income. Contact us for the current position where you are buying.

How long does pre-qualification take?

About ten minutes, and it does not affect your credit.

What can I finance?

Residential and commercial property, plus residential and auto conversions from an existing riba-bearing loan.