Equity Max
6216 North Federal Highway, Fort Lauderdale, FL 33308
https://www.equitymax.com/
Internal Reviews
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Total loans closed with Loan Factory
17,923
Total loans closed with Loan Factory (past 12 months)
14,516
Lender overview
Basic information
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Lock policies & Fees
Lock Policies
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Lender's niche & Overlays
NON-Owner Occupied Properties Only
Loan Amount ($$ figure): $25K-$1mm per deal.
Loan Amount: up to 80% of your purchase price, not to exceed 60-65% of the full repaired value. No prepayment penalties with no late pays.
1st year interest rate: starting at 12-15% (higher for deals less than $50,000)
Points: starting at 2-4%
Total Fees: $2,295, including attorney’s fees, doc prep, title review, underwriting, admin/processing, etc… No Windstorm policy and No Appraisal required. Just a $295 BPO/Inspection fee.
The EquityMax Difference:
1) Loans as little as $15,000
2) No Appraisal / No Survey
3) 17-year term w/ no prepayment penalty when borrowers make on-time payments.
4) No Minimum FICO Score.
5) Fire & Theft Insurance Only. No Windstorm or Flood
6) Rural Areas / Manufactured Homes OK
Lender turn time
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