Skip to content
SuperMoney logo
SuperMoney logo
Home Equity Loans
Advertiser Disclosure

Last Updated: 04/18/2025

Spring EQ Home Equity Loans

in Home Equity Loans from Spring EQ LLC

Last Updated: 04/18/2025

Spring EQ Home Equity Loans logo
Strongly recommended8 total votes
6 users recommend
2 users don't recommend
Cast Your Vote icon

Cast Your Vote

Compare All Home Equity Loans

Filter & compare all your options in one place.

Filter & compare all your options in one place.

View All Products
Highlights icon

Highlights

Community Rating

Strongly recommended

Credit Score Range

640 - 850

Amount Range

$25,000 - $500,000

Maximum LTV

90%

Loan Term (Years)

5 - 30

Number of Reviews

8
Speech bubbles icon

Spring EQ Home Equity Loans Review

Spring EQ Home Equity Loans is offered by Spring EQ LLC (NMLS #1464945), a direct lender founded in 2016 and based in Radnor, PA. Spring EQ are available in 38 states and Washington, DC.

Key Takeaways

  • No primary residences considered. Spring EQ Home Equity Loans does not offer financing for primary homes.
  • Origination fees starting at $995.Origination fees are deducted from the loan amount, so take it into account when deciding how much you need to borrow.
  • High maximum LTV ratio. Spring EQ Home Equity Loans has a maximum loan to value ratio of 90%.
  • Fair credit accepted. Borrowers with a credit score as low as 640 may qualify for Spring EQ Home Equity Loans.
  • High maximum DTI ratio. Spring EQ Home Equity Loans requires a debt-to-income ratio of less than 50%. This ratio includes all your monthly debts, not just your proposed mortgage payment. Typically, lenders have a maximum DTI of 43% or lower.

Spring EQ Home Equity Loans Pros & Cons

Spring EQ Home Equity Loans FAQ

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 $500,000. 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 90%. That means the total debt secured by the property cannot exceed 90% 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 $70k.
Generally, 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 fund home equity loans within 14 to 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 $995.

Is Spring EQ LLC a legit company?

Spring EQ LLC was founded in 2016, it is a well-established company that has been in business for 10 years. Based on their "mostly recommended" SuperMoney community rating, they seem to be a reputable company.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

100 W. Matsonford Rd
Bldg 5, Suite 100
Radnor, PA 19087
Visit Site
Email Support

Hours of Operation

Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
Closed

Other Services by Spring EQ LLC