The TIme To buy a home is now!
We offer a variety of Down Payment Grants. Each product is fit to different needs. Your lender will fit you with the right grant that meets both your needs and qualifications.
Conventional Product
Fannie Mae HomeReady, 30-year Fixed Rate Mortgage
No 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
Up to 80% AMI
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 Products
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 Benefits
Instant Equity
Through the Eagle Connect Fund Grant Programs, you keep your money in your pocket. This means instant equity in the home you just bought.
No Second Liens
We believe in a head start, not starting you behind. All Eagle Connect Fund products are 100% Grant funds. This means no 2nd lien/mortgage on you.
100% Financed Grant
Typical down payment assistance programs that most lenders offer require a 2nd lien in order to provide you with the funds. Our funds are 2nd Lien free, and completely 100% grant funds. This means no repayment by you.
What Our Custumers say
We had great credit but were struggling to save for a down payment. Working with our realtor & mortgage company we were able to buy our first home by taking advantage of a grant, which gave us instant equity day one. Thank you Eagle Connect!
Chris & Crystal - Homeowners
Since implementing Eagle Connect Fund's down payment grants, we have seen an immediate increase in new originations
Michael Rutland - Loan Officer
Using a conventional grant has helped us and allowed us to be aggressive in helping our buyers secure a property, all the while keeping our home owners savings for other things
Lindsay S. - Realtor
Detailed Requirements
Pick a program that best fits your needs and qualifications with your lender.
Conventional
- Conventional Loan Product
- Underlying 1st Mortgage, Fannie Mae HomeReady®, 30-year Fixed Rate*
- No 1st Time Homebuyer requirement
- 3% down- Provided in Full by Eagle Connect Fund
- 1-Unit Single Family Primary Residence: Including Eligiblee condos, co-ops and PUDs
- Reduced MI to 25%
- Non-occupant Co-Borrowers/Co-signers may be permissible
- Up to 80% of AMI
- No income limit in low income census tracts
- Cash Back to Borrower: Refund of borrower’s earnest deposit money
- 640+ Credit score to qualify
- 680+ Credit score may get even better pricing
FHA
- No 1st Time Homebuyer Requirement
- 3.5% Down – Provided in Full by Eagle Connect Fund
- Up to 120% AMI
- 620+ Credit Score to Qualify
- Maximum Loan Amount: Varies by County & State per FHA Guidelines
- Underlying 1st Mortgage FHA Loan Product 203 (b) & 203(c)
- FHA 203 (b) 1-2 Unit Primary Residence
- FHA 203 (c) Condo Unit Primary Residence
Conventional
- Conventional Loan Product
- Underlying 1st Mortgage Fannie Mae Conventional, 30 Yr Fixed Rate*
- 1-Unit Single Family Primary Residence: Including eligible condos, co-ops and PUDs
- MI 30%-35%
- 640+ Credit Score
- 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