FHA Loans
Buy or Refinance Your Home. LTV up to 80% for Cash Out Or 96.5% For Home Purchases.
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Need an FHA Loan?
Do you need to buy a home or refinance?
An FHA loan is a type of home loan that’s backed by the government, specifically the Federal Housing Administration (FHA). This program is designed to help people with lower credit or smaller down payments to buy or refinance a home. With the FHA loan, you can have as little as a 3.5% down payment, making it more accessible for first-time homebuyers.
How It Works
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.
Get Approved
We will review your loan application, your property will be appraised, underwritten, and approved.
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.
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!
Yes, We are the FHA Mortgage Experts.
Here at Equinox Home Financing, we’ve helped thousands of home buyers either buy a home or refinance their mortgage by using an FHA 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 FHA Loans
%
Application to Closing Conversion
Answers to Your Questions
What is an FHA Loan?
An FHA loan is a type of home loan that is backed by the government, specifically the Federal Housing Administration (FHA). This program is designed for borrowers with lower credit scores or smaller down payments. With an FHA loan, you can put down as little as a 3.5% down payment, making it more accessible for first-time homebuyers. With a conventional loan, we look at things like your credit score, income, and down payment amount to see what you qualify for. The homeowner or buyer must demonstrate that they have enough income and credit history to qualify.
Here at Equinox, if you are unable to demonstrate this using traditional methods of qualification, we have alternative loan options that we can explore, including our No Income Home loan.
Is My Credit Score a Factor in Getting Approved?
When doing an FHA loan, we do look at your credit score. It is more of a traditional loan and can go as low as a 500 FICO score at times. With FHA loans, factors like past short sales, foreclosures, or derogatory credit have an impact on qualification. However, the FHA loan program is more lenient towards credit history. If your financial situation makes sense today, we can lend you the money you need for an FHA purchase loan or a refinance loan.
What Kind of Loan Terms Do You Offer?
FHA loans can come in all types of loan terms. There are options that can help you get the payment that you need. Generally, FHA loans are available as a 30 Year Fixed Rate Mortgage. However, it is also available as a 5 Year Adjustable Rate Mortgage. If you want, we have a 7 Year Adjustable Rate Mortgage available and a 15 Year Fixed Rate option available as well.
How Do I Get Qualified?
The process is simple. When most people call us, they are usually skeptical about the program and if they can really qualify. Here at Equinox Home Financing, we have been providing these programs since they have been made available and have been able to help many borrowers purchase or refinance their homes. First step is to call us, a professional will help consult you and explain how our programs work in detail. There are many types of programs and it’s best to speak with us so we can guide you in the right direction.
What Type of Properties Can I Finance?
It depends what type of loan program you are qualified for. With an FHA loan program, we can offer this loan on a Owner occupied property only. We can lend on single family residences, condo’s and 1-4 unit properties.
Our Latest Funded Loans
Take a look at some of the loans we recently funded for our self-employed customers
Los Angeles, California
- Bank Statement Loan
- 10% Down Payment
- $1,200,000 Loan Amount
Tampa, Florida
- Bank Statement Loan
- 25% Down Payment
- $475,000 Loan Amount
Plano, Texas
- 2 Year 1099 Loan
- 15% Down Payment
- $505,000 Loan Amount
Testimonials
Read what our customers are raving about
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!