Equity Fair is your nationwide home for subprime mortgages in all 50 states. We partner with a nationwide network of 100+ private lenders to offer you low interest rates and affordable monthly payments. We help make loans when others cannot.

FHA - Put the benefits of an FHA mortgage to work for you. The Federal Housing Administration is the largest insurer of mortgages in the world. The FHA makes home financing possible for people who might not qualify for conventional mortgage programs to purchase a home or refinance their current mortgages, including Adjustable Rate Mortgages. FHA loans usually require just a three percent down payment. Using an FHA-approved lender usually means lower closing costs than a conventional mortgage. If you have less-than-perfect credit, an FHA loan might be your best option. Because the FHA insures the loan, lenders can provide a loan to a borrower with poor credit without needing to charge exorbitant interest rates.

Jumbo - These days "jumbo status" kicks in for any mortgage loan amount above $417,000. Because jumbo loans carry higher rates-usually a quarter of a percent higher than conventional loans-consumers who are borrowing an amount that's close to the limit will often try to figure out ways to avoid triggering jumbo status. Some mortgage companies will let you take out two loans at the same time-one as a first mortgage for the bulk of the money, plus a small second mortgage that will work in tandem with the first. For example, for a $500,000 purchase, you might be able to use a conventional loan to borrow $400,000, and then come up with the rest through a smaller second mortgage for $100,000. The interest rate on the smaller loan will likely be higher, but you can pay it off in a relatively short period of time. Avoiding the jumbo rate on the significantly larger loan more than pays for any added costs on the second loan. Over the lifetime of a loan, the savings gained by qualifying for a slightly reduced rate can be huge, adding up to tens of thousands of dollars. Now that's jumbo savings.

Hybrid ARM - Adjustable rate mortgage loans that have an initial fixed-rate period of more than a year are often termed “hybrid” or “intermediate” ARMs. A 7/1 ARM, for example, has a fixed interest rate through the first seven years. During the initial fixed period, an ARM typically has a lower interest rate than a comparable fixed-rate mortgage, so your monthly payments are lower during the early years of your loan term.

Loan Modification is a process in which the lender changes the terms of a mortgage so that the payments are more affordable for the borrower. Generally this is in the form of a lower interest rate with a fixed loan program. We have partnered with legal professionals to provide full service experienced negotiators who have achieved both home loan modifications and foreclosure injunctions results with lenders. There are several different ways you can take advantage of a loan modification:

- Lower interest rates

- Stop foreclosure

- Reduce principal balance

- Catch up on delinquent payments

- Turn your adjustable loan into a fixed loan

Commercial Loans for either owner-occupied or investors providing up to 90% commercial financing and 30 year fixed rate terms, for both traditional and non-traditional commercial properties:

- From $250,000 - $5,000,000
- Full Document, Low-Doc, and Stated Income Options
- Owner-Occupied Stated Income Commercial Loans to 90% LTV
- 3 Month, 2, 5, & 30 Year Fixed Rates
- 85% LTV on Refinances
- Cash Out Refinances to 75%
- Cash Out to 40% of Loan Amount
- Low Minimum 1.25 DSCR

Short Sale - Once you’ve discussed loan modification with your lender and they’ve denied you a loan modification most people think that there’s no hope and let the home go into foreclosure. There is another way to save your credit and keep a foreclosure off your record. That would be what’s called a Short Sale. That’s where we would negotiate with your lender to accept less than the full amount owed on your home so that you can sell it. We list your home with our listing agent and we have our professional negotiator, negotiate the transaction. Short sales show up on a credit report as a "pre-foreclosure in redemption" status and can result in a credit score reduction of 100 points or less. After the sale, the mortgage may show up as "discharged." People who successfully complete a short sale may also qualify for a mortgage at a reasonable interest rate in as little as 18 months. So, if buying a home is a future goal, then a short sale is the better option for many.

Reverse Mortgage enables older homeowners (62+) to convert part of the equity in their homes into tax-free income without having to sell the home, give up title, or take on a new monthly mortgage payment. The reverse mortgage is aptly named because the payment stream is “reversed.” Instead of making monthly payments to a lender, as with a regular mortgage, a lender makes payments to you:

- Remain independent :- A reverse mortgage allows you to remain in your home and retain home ownership.
- Stay in your home :- It allows you to remain in your home and retain home ownership.
- No monthly mortgage payments :- You need not pay back the reverse mortgage loan nor make any monthly mortgage payments until you permanently move out of the home.
- Tax-free money :- Because the money you receive from a reverse mortgage is not considered income, it is tax free and will not affect your Social Security or Medicare benefits.
- Freedom and flexibility :- The money you get from a reverse mortgage is yours to use in any way you choose.