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Spring EQ Home Equity Loans

in Home Equity Loans from Spring EQ LLC

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Spring EQ Home Equity Loans

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in Home Equity Loans from Spring EQ LLC

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Highlights
Highlights
APR  (Fixed APR) 5.414% - 13.153%
Loan Amount $25,000 - $250,000
Loan Term 5 - 30 years

Spring EQ Home Equity Loans Review

Where does Spring EQ Home Equity Loans do business?

Spring EQ Home Equity Loans is based in Philadelphia, PA. The company was founded in 2016 and offers home equity loans to borrowers in 29 states (and Washington, DC).

How much can you borrow with a Spring EQ Home Equity Loans home equity loan?

A home equity loan allows homeowners to borrow money using their home as collateral (similar to a mortgage). Loan amounts vary depending on the value of the home minus the balance of any mortgages or liens on the property.

Spring EQ Home Equity Loans allows borrowers to apply for home equity loans of up to $250,000. The actual maximum loan amount will vary depending on the value of the property, how much you owe on it, and your creditworthiness.

What are the home equity loan requirements of Spring EQ Home Equity Loans

This lender's maximum loan to value rate is 100%. That means the total debt secured by the property cannot exceed 100% of its value. Let's say you own a property with a current market value of $100k, but you still owe $20k on your mortgage. Your equity would be $80k. In this scenario, if you have good credit, you may qualify for a line of credit of up to $80k.

What home equity loan rates does Spring EQ Home Equity Loans offer?

Spring EQ Home Equity Loans offers home equity loans with a fixed APR that ranges from 5.414% up to 13.153%.

Remember the APRs of home equity loans do not include points and financing charges, just the interest rate.

What is the estimated funding time for a home loan via Spring EQ Home Equity Loans?

Spring EQ Home Equity Loans will typically approve (or deny) a home equity loan application within 0 hour and fund home equity loans within 14 and 21 days of approval.

What fees does Spring EQ Home Equity Loans charge for a home equity loan?

Spring EQ Home Equity Loans may charge a loan origination fee of $799.

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Contact

  • Headquarters
  •   2929 Arch Street, Suite 500
    Philadelphia, PA 19104
  •   Visit Site

Message from Spring EQ LLC

Spring EQ the nation's premier non-bank home equity lender offering an industry leading process that provides customers fast and easy access to their cash. FAST - Get cash in as little as 14 days EASY PROCESS - Only 4 documents typically required SAVE MONEY - Full appraisal not required PAYMENT OPTIONS - Repayment options from 5 to 30 years NO PRESSURE - Free quote in minutes

About Spring EQ Home Equity Loans

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 29 states and Washington, D.C.
  • Alabama
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Maryland
  • Michigan
  • Minnesota
  • Nebraska
  • New Hampshire
  • New Jersey
  • North Carolina
  • Ohio
  • Oregon
  • Pennsylvania
  • Rhode Island
  • Tennessee
  • Virginia
  • Washington
  • Wisconsin

Feature Breakdown

Origination Fee ($) $799
Credit Score Range 680 - 740
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Retired
  • Self-Employed
Maximum LTV 100%
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Supported Income Types
  • 1099 Misc. Income
  • Cash
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
  • Tax Returns
Joint Loan Applications Accepted
  • Co-borrower
  • Cosigner
  • Individual Applications
Verification Documents Required
  • Government Issued Photo ID
  • Recent Bank Statements
  • Recent Pay Stubs
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Funding Time Range (in days) 14 - 21
Approval Speed (Hours) 0
Joint Loans Available  
Loan Amount $25K - $250K
Loan Term 5 - 30 years
APR (Fixed APR) 5.414% - 13.153%

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