Fannie Mae HomeReady, 30-year Fixed Rate Mortgage
1st Time Homebuyer requirement
3% down- Provided in Full by Eagle Connect Fund
No income limit in certain areas
680+ Credit score, no loan level price adjustments
FHA Product
No 1st Time Homebuyer Requirement
3.5% Down - Provided in Full by Eagle Connect Fund
Up to 120% AMI
620+ Credit Score to Qualify
FHA Loan Product 203 (b) & 203(c)
Conventional Product
Conventional loan products with 640+ FICO scores.
Adv. 95
Adv. 97
Adv. 95
5% Down – 3% provided by Eagle Connect Fund, 2% provided by borrower or other Gift Funds
Up to 120% AMI
No 1st time homebuyer requirement
Adv. 97
3% Down – Provided in full by Eagle Connect Fund
NO income limits
Must be 1st time homebuyer
Up to $721,050 loan amount, varies by county and state per FNMA guidelines
Grant Your Clients the Freedom of Home Ownership
A federally charted agency, partnering with correspondent lenders in providing down payment assistance towards home ownership
Everyone Deserves The Opportunity of Home Ownership.
Step 1.
Become An Approved Lender
Step 2.
Market & Submit Loan For Grant
Step 3.
Close Your Loan
Step 4.
Service Your Loan
Standard Requirements
- Straight Forward FNMA Underwriting - Minimum 620 Fico Score
- Rewards and Benefits of 680+ Fico Score
- No First Time Homebuyer Restrictions
- No Income* or Geographic Restrictions
Who Is Best Served
- Millenials
- Moderate Income Earners
- Low Income Earners
- Minorities