Do you want to buy a home?
It's not renting, and it's not a traditional mortgage. It's a different path.
Credit score standard. Below that is an exception, not a promise.
Minimum down payment you have to document.
Amortization on the homeownership agreement.
Of the increase in value is yours. No shared appreciation.
- Equal Housing Opportunity
- Every application goes to an EEP-certified loan originator.
Watch how it works
The whole program in just over a minute.
Illustrations only. General information, not a commitment to lend.
Am I home ready? →Start where you stand
I want to buy a home
What it is, what you pay, what you risk, and whether you qualify.
I am a loan officer
Requirements, exceptions, and how to present it.
I am a real estate agent
What kills the deal on the property, and how to write the offer.
I am a lender
Correspondent approval and where the obligations sit.
Why this site exists
Most of what is written about this program is either a sales pitch or a guess. This site explains it in plain language, based on the published program documents, so you know exactly what you are signing up for.
Every situation is different. An EEP-certified loan officer can review all your options with you, including a regular mortgage, before you choose this program.
Your path, step by step
Everything about the program, in the order you will live it.
Frequently asked questions
+When does my name go on the deed?
The title becomes yours when you refinance into your own loan, take over the agency's FHA loan, or pay it off. Until then the agency holds title and you hold an equitable interest in the property.
+Who gets the appreciation if the home goes up in value?
You do. There is no shared appreciation and no shared equity in this program. Your price was locked when the contract was signed, so as the home gains value, the increase belongs to you and your equity grows. Home values can also go down, and that is a risk like in any purchase.
+Do I need a down payment?
Yes. A minimum 3.5% down payment has to be documented. If your file has no exceptions, that 3.5% is the only amount verified before closing. If there is an exception in the file, all cash to close and reserves get verified in your account, plus a letter explaining where the funds came from. Gift funds are acceptable for closing but not for reserves, and a gift of equity is not permitted.
Two tools, no email required
Your estimated monthly payment
$4,020
- Principal and interest, 40-year schedule
- $3,183.46
- Mortgage insurance
- $199.03
- Property taxes (estimated)
- $412.50
Am I home ready?
Six quick questions to see where you stand today. It is not an approval.
Guides for your situation
- Buying with an ITIN The Earned Equity Program accepts buyers with an ITIN. Here is what the published standards ask for, in plain words.
- Self-employed buyers No W2? The Earned Equity Program has published ways to show self-employed, 1099, and gig income. Here they are, in plain words.
- Low or no credit score The published standard is a 580 score. Below that, or with no score at all, a file can still be reviewed as an exception. Here is how it works.
Get connected
Every application goes to an EEP-certified loan originator.