Homebuying June 29 2018

EagleEdge: Making Homeownership Possible

At Eagle Home Mortgage, we are committed to seeing you home – and with the new EagleEdge Down Payment Assistance Program, that may be closer than you think! By providing a 3.5% down payment assistance grant to our borrowers, this program allows us to make homeownership possible for more people than ever before. The great thing about a grant is that it is not a loan. Grants work more like a gift, often being awarded by government agencies, trusts or corporations. In other words, you don’t have to repay it! EagleEdge is available in all states and has no restrictions on the home’s sales price.

This program works similarly to a standard FHA loan, with low down payment and flexible credit score requirements, but with a few additional points:

  • 3.5% down payment assistance grant
  • 620 minimum credit score
  • 50% maximum Debt-to-Income ratio
  • Up to 96.5% financing
  • Available in all states
  • No home sales price restrictions
  • Certain income limits required – ask a Loan Officer for more details

If you’ve been dreaming about purchasing a home but think it’s too far out of reach, give us a call today to see if EagleEdge is right for you.

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January 10 2020

How do Interest Rates Affect Purchasing Power?

Purchasing power refers to the price of the home you can afford based on the budget you have available. Naturally, if interest rates start to increase, you will not be able to afford the same home on the same budget. In a nutshell, you will be paying more for...

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December 27 2019

4 Refinancing Myths BUSTED

Don't let common misconceptions keep you away from refinancing your mortgage. Consider the 4 most common myths and why they should be kicked to the curb.

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December 20 2019

Decorating Your Home for the Holidays on a Budget

You don’t have to skip decking your halls this season just because you’re on a budget! The holidays can already be an expensive time for many, so we like finding stress-free and inexpensive ways to get into the holiday spirit. Here are some tips for...

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December 18 2019

Homebuying Hurdle: Debt

Many believe that their amount of debt will be an instant hurdle when qualifying for a home loan. This is not always true. The amount of your debt will not necessarily be a red flag to lenders, but your debt-to-income (DTI) ratio might be. This number is one way...

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December 02 2019

12 Days of Savings

From family meals, travel, gifts, and social outings, the holidays are one of the most expensive times of the year. We have compiled some tips to help you spend mindfully during this holiday season.

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November 27 2019

Market Update: FHFA Announces Loan Limit Increases

The Federal Housing Finance Agency (FHFA) has announced that the conforming loan limits will be increased to $510,400 in 2020

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November 20 2019

Why Interest Rates Aren’t the Only Thing That Matters

Shopping for the lowest rate when looking for a lender could be a detriment to your homebuying experience. There is much more that goes into a positive homebuying experience than the mortgage price tag. If you place a value on communication, timeliness,...

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November 14 2019

Homebuyer Solutions Group Success Story

Marylynn M. and her husband successfully improved their credit scores while enrolled in Eagle Home Mortgage’s Homebuyer Solutions Group (HBSG) program and were able to purchase their dream Lennar Home after graduation. We spoke to HBSG Credit Specialist,...

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November 07 2019

Home Organization Tips to Spark Joy

There is a proven correlation between home clutter and stress. Organizing your abode is a quick and relatively easy way to bring more joy (and extra time) to your life. Here are some home organization tips to help you spark joy!

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