Loan Products Equity Prime Mortgage LLC


As no two people are alike, Equity Prime Mortgage LLC offers a variety of government, conventional and niche loan programs to meet your specific needs. Click on the links below to learn more about our mortgage products.

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Loan Products Equity Prime Mortgage

Conventional Loans

  • Equity Prime Mortgage LLC is a Fannie Mae direct seller/servicer. Conventional loans are available to borrowers, including first time home buyers that meet guidelines set by Fannie Mae & Freddie Mac. Fixed and adjustable rate mortgages are available under this product for the following purposes
    • Purchase Loans up to 95% Loan to value
    • Rate & Term refinance loans up to 90% Loan to value
    • Cash out loan up to 80% Loan to value
    • Investment properties up to 75% loan to value

HARP Loans

The Home Affordable Refinance Program (HARP) is designed to assist homeowners in refinancing their mortgages – even if they owe more than the home’s current value.HARP Loan Products Equity Prime Mortgage

The primary expectation for Home Affordable Refinance is that refinancing will put responsible borrowers in a better position by reducing their monthly principal and interest payments, reducing their interest rate, reducing the amortization period, or moving them from a more risky loan structure (such as an interest-only mortgage or a short-term ARM) to a more stable product (such as a fixed-rate mortgage).

Here are the key highlights:

  • Loan must be owned by Fannie Mae or Freddie Mac (click links to look up loan ownership for your loan)
  • Borrower must have been current for last 6 months (no more than 1 x 30 day late in last 12)
  • Must have received your current loan before June 2009
  • Borrower may qualify for refinance regardless of LTV
  • Most loans do not require an appraisal

Click here to read or download the entire Fannie Mae/HARP FAQs and Guidelines.

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(NOTE: All HARP loan approvals and other loan product approvals are subject to credit qualifications and other requirements.  Speak to your licensed mortgage loan originator for details).

Zero Down Payment Loan Products

VA Loans– VA Loans are government insured loans issued specially for military veterans or active duty personnel.  Purchase loans typically require no down payment and they typically have better than average interest rates and favorable terms, rewarding men and women for servingVA Loan Products Equity Prime Mortgage their country.

You may qualify for a VA loan if you are a veteran, active duty military personnel, reservist/national guard member, surviving spouse. You will need a Certificate of Eligibility (COE) before you can get a VA-backed loan.  If you do not have a Certificate of Eligibility, in most cases we can get it for you through what is known as the Web LGY System.  This Internet based application can establish eligibility and issue an on line Certificate of Eligibility in a matter of seconds.  Whether purchasing a new home or refinancing an existing home, a VA loan is possible in both scenarios.

    • Equity Prime is direct lender on VA Loans. If you are Veteran, Reservist or Active duty you can qualify for a VA loan. Listed below are the VA loan programs
      • Purchase loans up to 100% loan to value
      • Cash out loans up to 100% Loan to value
      • VA IRRRL – Non income qualifying refinance
      • VA High Balance loan up to $625,500.00

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USDA Loans

USDA Loans (also referred to as Rural Housing Direct Loans) are loans that are directly funded by the U.S. government.  In some cases, no down payment is required.  Applicants may obtain 100% financing to purchase an existing dwelling, purchase a site and construct a dwelling, or purchase newly constructed dwellings located in rural areas. Mortgage payments are based on the household’s adjusted income In order to be eligible for many USDA loans, household income must meet certain guidelines.

Click here to determine your income eligibility. Also, the home to be purchased must be located in an eligible rural area as defined by USDA.

Click here to determine property eligibility.

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Low Down Payment Loan Products

FHA Loans– FHA loans are the most popular of the First Time Homebuyer options.  The reason is that FHA loans require a very low down payment, usually only 3.5% of the purchase price.  FHA requires down payments be made by the buyer however that money can also be a gift from a relative or family member.  The seller is allowed to offer concessions such as paying closing costs or other expenses related to selling the home (max of 6% of purchase price), but the seller is prohibited from contributing a down payment.

FHA insured loans require mortgage insurance to protect lenders against losses that result from defaults on home mortgages.  FHA lending limits vary based on a variety of housing types and the state and county in which the property is located.  Whether purchasing a new home or refinancing an existing home, an FHA loan is possible in both scenarios.

      • Equity Prime Mortgage LLC is a FHA full Eagle Lender. This allows us to underwrite government loans in house. It is designed for low to moderate income borrowers with flexible underwriting requirements. Listed below are FHA loan programs
        • Purchase loans up to 96.50% Loan to value
        • 620 Min score requirement
        • Gift funds allowed for down payment
        • Seller can pay closing costs
        • 203K Rehabilitation Loans
        • FHA Streamline Refinance (non- income qualifying)
        • FHA High balance loan up to $729,750.00

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USDA Rural Home Loans

        • 100% Financing Loan can be based on Appraised Value vs. Sales Price
        • Closing costs can be rolled into the loan

First-Time Home Buyer Loans

        • 97% Conventional loans
        • Fannie Mae HomePath – 3% down payment with no appraisal and no mortgage insurance

Investor Loans – Investor loans are for individuals who are purchasing or refinancing a property that they do not intend to occupy, but use to generate income by renting it to another individual or family.  Contrary to public perception, investor loans are still very much available.  Investor loans typically require a higher down payment amount, usually 20% minimally or higher, as well as a strong credit score due to the increased risk of lending money on a property that is not owner occupied.  Interest rates on investor loans are also higher because of this risk.  We offer a wide variety of investor loans.

Jumbo Mortgages

          • We offer Jumbo loans of up to $5,000,000 with competitive rates
          • We offer FHA Jumbo loans in High Cost areas with a down payment of just 3.5%
          • Super conforming loans- above GSE limit in designated areas

Home Equity

          • We offer stand alone 2nd mortgages for home improvements or in connection with a first mortgage to purchase a home.

Reverse Mortgages

          • For borrowers 62 years old – can be used for purchase or refinance
          • Receive funds in a lump sum, set monthly amount or a combination of both
          • No income or credit check

If you are looking for a lower payment or lower interest rate, Equity Prime Mortgage LLC has many mortgage options available!

Refinancing Options

          • Conventional – Lower your payment or pull cash out for home improvements
          • FHA Streamline – Allows you to refinance your current FHA loan with no income documentation
          • DU Refi Plus /Freddie Mac Relief – Refinance your current Fannie Mae or Freddie Mac loan with no appraisal
          • FHA Jumbo – Refinance your high mortgage balances in high cost areas.
          • VA Interest Rate Reduction Loan – Refinance your current VA loan with no income documentation

Contact us today to see which loan program is right for you!

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Equity Prime Mortgage Orlando
Equity Prime Mortgage Orlando
Equity Prime Mortgage Orlando
Copyright © 2016 Equity Prime Mortgage LLC | NMLS #1212632 | Home Office NMLS #21116 | Equal Housing Lender
3191 Maguire Blvd #190
Orlando, FL 32803
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Freddie Mac Seller/Servicer 179659
Fannie Mae Seller/Servicer 27394-000-6
Equity Prime Mortgage LLC is a direct lender with branches around the country that are dedicated to bringing you access to the most diverse array of home lending products available in the industry. Unlike many lenders, Equity Prime is not limited to working with only one type of borrower, which means that people of all financial and credit profiles receive the same impressive cost-saving benefits. At Equity Prime our mortgage professionals are here to help you buy a home or earn more financial freedom by using the equity that you’ve built.
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