Equity Prime Mortgage (EPM) Empowered DPA Loan – 140% Income Limits

Special Alert

Maximum Purchase Price

Inquire for Details

Contact Info:

https://www.epmwholesale.com/ 5 Concourse Parkway, Queen Building, Ste 2250, Atlanta, GA 30328


Credit Score Requirements

Minimum Credit Score: 620

Deferred Payments?

Accepted First Mortgage Type:

FHA 203(b), FHA 203(k)

Homeowners Education Class:


Is Forgivable?


3062 Counties, 41 Cities Program is available across the United States of America except Washington State.

Income Limitations:

Yes, based on Qualifying (1003) Income Income limits from FHFA/GSE 2022 140% AMI guidelines https://ami-lookup-tool.fanniemae.com/amilookuptool/ Only occupying borrower must meet the income eligibility requirements for the DPA.

Maximum Assistance

3.5% of Purchase Price DPA is in the form of a non-repayable grant in the amount of either 2% or 3.5% of the Purchase Price.

Education Requirements Info:

At least one borrower must take either the Framework Homeownership course or any HUD approved Homebuyer Counseling Course. https://hudgov-answers.force.com/housingcounseling/s/?language=en_US

Eligible Property Types:

Single Family Detached Condo Townhome/PUD Manufactured Home

Income By Household Size:

HH1-8 $233,940 *Income limits as of 04/24/2023

Qualifying Ratios:

Housing Ratio: — Total DTI: Up To 48.99%
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