Correspondent DPA Program (FHA HOLD)

Conventional Product

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.

  • 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
  • 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

Simple Process

- Meet With Us
- Apply
- Lend

Become An Approved Lender

Correspondent Inquiry & Quick App
Are you a correspondent interested in learning more about Eagle Connect Fund, or interested in providing our product in to your clients? Please fill out the form below and a representative will contact you within 48 hrs. We look forward to assisting you!