Mortgage Loan Options

Mortgage Loan Options

Products

Empowering People More. Budgeting for your home is so important. As no two people are alike, Equity Prime Mortgage 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.

DOWNLOAD our guide: How Much Home Can You Afford 

Purchasing a Home? 

Conventional Loans

• Equity Prime Mortgage is a Fannie Mae direct seller/servicer. Conventional loans are available to borrower that meet guidelines set by Fannie Mae & FreddieMac. Fixed and adjustable rate mortgages are available under this product for the following purposes
  • Purchase Loans up to 97% Loan to value
  • Rate & Term refinance loans up to 97% Loan to value
  • Cash out loan up to 80% Loan to value
  • Investment properties up to 80% loan to value
  • Homestyle renovation available as well

VA Loans

• Equity Prime is a nationwide 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 $1 Million

 FHA Loans

• FHA loans are 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
  • Gift funds allowed for down payment
  • 203K Rehabilitation Loans
  • FHA Streamline Refinance (non- income qualifying)
  • FHA High balance loan up to $729,750.00

USDA Rural Home Loans

• 100% Financing Loan can be based on Appraised Value vs. Sales Price
• Closing costs can be financed into the loan
• 580 minimum FICO score
  
  

First-Time Home Buyer Loans

Down Payment Assistance

• Georgia Dream provides $5,000 down payment assistance, with a minimum contribution of $1,000
• Protectors, Educators, & Nurses this is a program administered through Georgia Dream that provides up to $7500 in down payment assistance
• Gwinnett County Homestretch provides up to $7500 in down payment assistance
• Neighborhood Stabilization Program (NSP) is County and State specific
• All downpayment covered

Jumbo Mortgages

• We offer Jumbo loans of up to $3,000,000 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 & Renovation loans 203(K)

• 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
• Funds can be received in a lump sum, set monthly amount or a combination of both
• No income or credit check
  
  

Alternate Lending Products

• Bank Statement Loans - lending based on bank deposits, ideal for contractors or business owners.
• Blemished Credit
• Professional Real Estate Investor Loans
• Assets as income 
• Foreign National Loans
• Non-warrantable Condo

If you are looking for a lower payment or lower interest rate, Equity Prime Mortgage 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