For buyers · 1 of 8
How the Earned Equity Program works
Seven steps, from the day you start looking to the day your name goes on the deed.
In ten seconds
- You pick the house, on the open market.
- The agency buys it and you move in.
- You pay every month. The price stays locked.
40 years
Your monthly payment is calculated over 40 years.
- 1
You get approved
- 2
You shop like any buyer
- 3
The agency buys the home
- 4
You move in and pay monthly
- 5
Later, the title becomes yours
Watch how it works
Illustrations only. General information, not a commitment to lend.
Who holds what
The agency holds
- The FHA note. It is the borrower
- Fee simple title, your name is not on the deed
- The homeowner's insurance policy, as named insured
You hold
- Possession of the home
- An equitable interest in the property
- The price, locked on day one
- The appreciation, as the home gains value
Refinance, take over the agency's FHA loan, or pay it off
↓ Title moves to you
The appreciation is yours
If the home goes up in value, the increase belongs to you. There is no shared appreciation and no shared equity in this program. As your home gains value, your equity grows.
Are you a loan officer, agent, or lender? See the full detail →
Get connected
Every application goes to an EEP-certified loan originator.