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We're here to help you finance your Minimal Living Concepts project with the Prosperity Home Mortgage exclusive Equity Access Granted Loan (EAGL) Product.

  • Financing projects up to $250,000.
  • The EAGL 100 offers financing up to 95% of your home's current value and can be leveraged for just about any home improvement project you can imagine.
  • Homeowners with plenty of equity utilize the EAGL 100, which doesn't require a stated purpose for the funds. 
  • With our EAGL products, you'll enjoy receiving your funds all at once. No stage-by-stage funding. 
  • EAGL products offer loan terms of 25 years*, with ultra-competitive rates.
Prosperity Home Mortgage LLC
Equal Housing Lender

Learn more about the EAGL, only from Prosperity Home Mortgage


The Equity Access Granted Loan (EAGL) from Prosperity Home Mortgage is an exclusive financing option that allows homeowners to borrow money using the equity in their home as collateral. The EAGL allows you to borrow up to 95% of your home's combined loan-to-value (CLTV), without affecting the terms of your existing mortgage. The application process for an EAGL is typically straightforward and simple, making it a convenient way to tap into your home's equity for various financial needs.
While traditional mortgage products have specific requirements for income, assets, and credit, the Equity Access Granted Loan (EAGL) from Prosperity Home Mortgage considers your overall financial situation. However, your credit score and loan-to-value ratio can affect the availability and pricing of the EAGL. In general, higher credit scores and lower loan-to-value ratios offer more favorable pricing.

To qualify for an EAGL, you must have a minimum credit score of 660 and be seeking a loan amount between $70,000 and $250,000. The EAGL is an interest-only adjustable rate mortgage and can be used for any purpose except purchasing the home that is securing the loan. Eligible properties include most single-family homes, duplexes, condominiums, townhouses, and planned unit developments. To qualify for an EAGL on a primary residence, the home must have been owner-occupied for at least 30 days prior to application. Second homes may be eligible for EAGL financing with a combined loan-to-value ratio of up to 85%.

A home equity line of credit (HELOC) allows you to borrow against the equity in your home without making any changes to your first mortgage. HELOCs usually have an initial draw period of up to 10 years, during which you can access your home equity, pay back the loan, and repeat the process if desired. After the initial draw period, the loan enters a repayment period with an adjustable rate for up to 20 years.

The Equity Access Granted Loan (EAGL) from Prosperity Home Mortgage combines the ability to access high levels of equity (up to 95% combined loan-to-value) with an interest-only adjustable rate mortgage and a 20-year repayment period with a fixed rate and payment. Unlike a HELOC, the EAGL provides a one-time disbursement of all loan funds at the beginning of the loan term.

This offer is for the EAGL 100 Second Mortgage Program. All other offers will have different terms.

*The advertised loan is a 5-Year Interest-Only Adjustable Rate Mortgage (ARM) followed by a 20-Year amortizing term. The total term of the loan is 25 years. The Interest-Only period is for the first 5 years of the loan and will adjust annually based on a margin and index. After the Interest-Only Period ends, the ARM will convert to a Fixed Rate Mortgage for the remaining 20-year loan term with a regular monthly payment of both principal and interest. The Annual Percentage Rate (APR) for the initial Interest-Only Adjustable Rate Mortgage (ARM) period is {APR} based on a {RATE} introductory rate with a $100,000 loan amount. The APR example is for a variable interest rate. Example is based upon a FICO Score of {exampleFICO}. A minimum FICO Score of {minFICO} on a primary residence is required. The actual interest rate, APR, and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Prosperity Home Mortgage, LLC. An Interest-Only loan product may not be the best product for every borrower in all situations. Not available in all states. Rate is as of {date2} and is subject to change at any time without notice. Prosperity Home Mortgage, LLC NMLS ID 75164. Interest rate and annual percentage rate (APR) are based on current market conditions as of {date2}, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend. Rate calculator not applicable in California, contact us for rates in California.