Travisa EEP Power Up Series - Scenario Monday - September 22, 2025

Travisa Financial presented their Earned Equity Program (EEP) which enables Native American tribes to purchase homes simultaneously with homebuyers through competitive financing terms and flexible qualification criteria. The program offers various accommodations for different financial situations, including alternative trade lines, low credit scores, and specific requirements for bankruptcies, while accepting 3.5% down payments and 3-month bank statements for income qualification. Travisa provided detailed requirements and documentation needs for the EEP program, including credit score minimums, necessary documents, and condo approval processes, while offering support through dedicated lines and training sessions for processors and realtors.

Travisa Financial's Earned Equity Program

Travisa presented an overview of Travisa Financial's Earned Equity Program (EEP), which allows Native American tribes to purchase homes simultaneously with homebuyers entering a homeownership finance agreement. The program offers competitive terms including 3.5% down for ITIN holders and non-permanent resident aliens, accepts low and no credit scores, allows alternative trade lines, and accepts 3 months of bank statements for income qualification. The program also accommodates various financial situations, including bankruptcies, with specific requirements for Chapter 13 and Chapter 7 cases, and allows up to 6% seller contributions.

EEP Program Qualification Criteria Overview

Travisa discussed the EEP program's qualifying criteria, including down payments of 3.5% for ITIN borrowers and 3-month bank statements for self-employed and gig workers. They highlighted the program's competitive features compared to other lenders, such as lower DTI ratios and credit score requirements. Travisa also provided information on alternative trade lines accepted for qualification and offered support through dedicated lines, emails, and training sessions for processors and realtors.

EEP Program Requirements Overview

Travisa explained the requirements for the EEP program, including a 3.5% down payment for all documentation types and credit types, with a minimum credit score of 580. She outlined the necessary documents for submission, such as a fully completed 1003, credit report, IDs, and for bank statement programs, 3-month bank statements. Travisa clarified that DPA cannot be used due to an existing 1% DPA credit, but there is a possibility it may be removed in the future. She also discussed condo approval requirements, emphasizing the need for FHA approval and the use of a shortened condo form in TPO Connect. Travisa provided a submission checklist and suggested reaching out to account executives for additional materials and marketing support.