SuperMoney
Explore
Compare Rates

Compare All Home Equity Loans

Filter & compare all your options in one place.

View All Home Equity Loans
x No thanks, not right now
Advertiser Disclosure
  Spring EQ Home Equity Loans

Best Of Product

Spring EQ Home Equity Loans
in Home Equity Loans from Spring EQ LLC · NMLS ID #1464945
Claimed

Spring EQ Home Equity Loans

Claimed
in Home Equity Loans from Spring EQ LLC · NMLS ID #1464945
SuperMoney Net Recommendation Score +50  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +50, equating to 4 on a 5 point rating scale.

+50

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly recommended

6 users recommend
0 users are unsure
2 users don't recommend
Cast your vote

Would you recommend Spring EQ Home Equity Loans to your friends?

Thanks for your vote!

You voted: May or may not recommend

Change my vote
Highlights
Community Rating Strongly recommended
APR  (Fixed APR) Starting at 7.9%
(Verified 08/04/2023)
Loan Term (Years) 5 - 30 years
Loan Amount $25,000 - $500,000
Maximum LTV 95%
Number of Reviews 8

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).

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 95%. That means the total debt secured by the property cannot exceed 95% 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 $75k.

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

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 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 $995.

Is Spring EQ LLC a legit company?

Spring EQ Home Equity Loans was founded in 2016. It is an established company that has been in business for 7 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

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

Icon for Mortgage

Home Equity Lines of Credit

Be the first to rate

Availability

  Available in 38 states and Washington, D.C.
  • Alabama
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Michigan
  • Minnesota
  • Mississippi
  • Montana
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • North Carolina
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • Tennessee
  • Texas
  • Vermont
  • Virginia
  • Washington
  • Washington, DC
  • Wisconsin

Feature Breakdown

No Prepayment Fee
(Verified 04/18/2023)
Origination Fee ($) $995
Credit Score Range 640 - 850
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Joint Loan Applications Accepted
  • Co-borrower
  • Cosigner
  • Individual Applications
Maximum LTV 95%
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
  • Cash
  • 1099 Misc. Income
  • Tax Returns
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Recent Pay Stubs
  • Government Issued Photo ID
  • Recent Bank Statements
Approval Speed 0 hours
Customizable Payment Dates
Funding Time Range 14 - 21 days
Mortgage Features Flexible Payments
APR (Fixed APR) Starting at 7.9%
(Verified 08/04/2023)
APR Type Fixed APR
Loan Amount $25,000 - $500,000
Loan Term 5 - 30 years

Spring EQ Home Equity Loans Community Reviews

 

Would you recommend Spring EQ Home Equity Loans to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +50, equating to 4 on a 5 point rating scale.

+50

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

sorted by

Other Home Equity Loans

Be the first to review
Rating not yet determined  

4 Reviews

Be the first to review
View All
Browse Home Equity Loan Lenders
SuperMoney
Best Picks
Partner with us
Go to homepage
AICPA SOC for Service Organizations badge SOC 2 Type II Monitored by Vanta badge

Copyright 2023 SuperMoney, LLC. All rights reserved.

SuperMoney Advertiser Disclosure

*SuperMoney is not responsible for third party products, services, sites, recommendations, endorsements, reviews, etc. All products, logos, and company names are trademarks™ or registered® trademarks of their respective holders. Their use does not signify or suggest the endorsement, affiliation, or sponsorship, of or by SuperMoney or them of us.

Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any financial institution. This editorial content is not provided by any financial institution.

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. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). SuperMoney strives to provide a wide array of offers for our users, but our offers do not represent all financial services companies or products.

We endeavor to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide.

† To check the rates and terms you qualify for, one or more soft credit pulls will be done by SuperMoney, and/or SuperMoney's lending partners, that will not affect your credit score. However, if you choose a product and continue your application at a lending partners' website, they will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.