EEP Power Up Series - Deal Desk Thursday - Nov.13, 2025

Monique Minaya presented Travisa Financial's EEP program, which helps first-time homebuyers achieve homeownership with flexible down payment requirements and special features for underserved communities. The discussion covered various loan application processes, borrower requirements, and fee structures for FHA transactions, including clarification on gift funds and seller contributions. The conversation ended with participants receiving guidance on loan type selection for DACA applications and information about upcoming events, while Travisa committed to following up with additional details via email and personal contact.

Travisa's Earned Equity Program Overview

Monique Minaya, a 28-year mortgage industry veteran, introduced the EEP (Earned Equity Program) offered by Travisa Financial, which helps first-time homebuyers, particularly those in underserved communities, achieve homeownership. The program allows non-permanent resident aliens, including DACA recipients, and U.S. citizens to purchase homes with a 3.5% minimum down payment, even with low or no credit scores. Monique highlighted key features such as bank statement programs for self-employed borrowers, no source or seasoning of funds required, and a maximum DTI of 50/60%. She emphasized Travisa Financial's commitment to supporting brokers and homebuyers through dedicated account executives, a toll-free hotline, and personalized training sessions.

FHA Borrower Requirements Clarified

Adenike and Travisa discussed a scenario and agreed to talk after the webinar. Edward inquired about the borrower's requirements for FHA transactions, and Travisa clarified that the borrower must provide 3.5% of the purchase price, which can be a gift, plus closing costs and the first month's mortgage payment. Travisa also confirmed that sellers can cover up to 6% of closing costs.

Loan Application Process and Fees

The meeting focused on discussing loan application processes and fees. Edward and Travisa clarified that buyers would contribute 4.5% to 5% towards fees and the first month's payment, excluding the 3.5% gift portion. Lydia inquired about selecting loan types for DACA applications, and Travisa explained the process of selecting FHA for underwriting but noted that the EEP designation would override the 1003 form selection when uploaded to TPO Connect. Travisa promised to email Lydia the meeting video and guidelines and mentioned that Ben, her account executive, would contact her for further details. The session concluded with an announcement about upcoming events, including a Monday scenario and a master class scheduled for the following Wednesday.