Blanket Statement Loans

Loans made for Real Estate Investors, House Flippers, Property Developers, and Business Owners. You can now finance several properties simultaneously

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Need a Blanket Loan?

Do you need to finance multiple investment properties? Would you like to do so in the most effective and cost-saving way?

Equinox Home Financing offers a blanket mortgage loan. This loan program is for real estate investors, house flippers, property developers, and business owners looking to finance several properties simultaneously. With a blanket mortgage, one loan covers multiple properties, with the collective value of those properties serving as the collateral for that one mortgage. That means one loan application and one set of closing costs. A blanket mortgage is ideal for developers or investors looking to purchase, renovate, and sell multiple properties.

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How It Works

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Call or Apply Online

Our licensed loan officers are ready to help answer any questions that you have. Taking an application over the phone could be as quick as 10 minutes. 

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Get Approved

We will review your loan application, your property will be appraised, underwritten, and approved. 

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Fund

Once all items have been satisfied and we are clear to close, loan docs will be drawn. You’ll sign loan docs and your loan will fund. 

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Why Equinox?

Here at Equinox Home Financing, we pride ourselves on providing solutions to self-employed home buyers and borrowers. If you can’t provide proof of income or you are like most other business owners who have an overage of tax deductions, we can help you! 

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Yes, We are the 1099 Only Mortgage Experts.

Here at Equinox Home Financing, we’ve helped thousands of self-employed borrowers either buy a home or refinance their mortgage by using a 1099 only loan. Once we have reviewed your loan application, we will be highly certain that you do qualify. This is why our conversion ratio is so high. Don’t believe us? Call us today to find out.

Funded 1099 only Loans

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Application to Closing Conversion

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Answers to Your Questions

What is a Blanket Loan?

Real estate investors can combine the funding for several properties by using a blanket mortgage. Later selling one or more of those properties does not trigger a requirement to repay the loan in full. A house flipper, for instance, could buy multiple homes at once and then renovate and sell them on different timelines without interfering with the financing. Some investors use the proceeds from the sale of one property to purchase another without having to repay the full blanket loan. Blanket mortgage conditions, however, usually require the borrower to repay the portion of the loan that secured the sold property.

Is My Credit Score a Factor in Getting Approved?

Yes, credit score is often one of several factors. Borrowers with credit scores between 680 and 720 or higher are frequently approved for blanket mortgages. However, if other financial factors are strong, individuals with lower credit scores might be eligible.

What Kind of Loan Terms Do You Offer?

Although most blanket loans are between 10 and 15 years long, they can be as long as 30 years. Blanket loans often have a balloon payment, with smaller initial monthly payments and a higher lump-sum payment at the end of the term. Blanket loans rarely have prepayment penalties.

How Do I Get Qualified?

Calling us is the first step; a mortgage professional will give you a detailed explanation of how blanket mortgages work and discuss how this loan may or may not work for your unique situation. If you’re considering a blanket loan, chances are you’re an experienced investor who is ready to delve into details.

What Type of Properties Can I Finance?

Most blanket loans are for investment properties, both residential and commercial. Blanket loans are rarely, if at all, used to purchase vacation homes or primary residences.
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What Are You Waiting For?

Call us today. A licensed representative is on stand by to help you with your financing needs. There’s no need to wait any longer. Get financing now! 

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