noun-submit-4499431(1)
Your submission has been sent to Spring EQ.
Thank you!
 
 NEXT STEP: Set the expectation with the borrower that a Spring EQ home equity representative will be reaching out.
 

 

noun-note-1559611-FF001C NOTE: Spring EQ representatives are available Weekdays 8 AM to 9 PM ET, and Saturdays 10 AM to 6 PM ET.

 

 

If the borrower does not have a call back preference set the expectation that a Spring EQ representative will be reaching out within 15 minutes.
 
If the borrower does not hear from a Spring EQ representative in a timely manner, please have them contact you for escalation. 

FAQs

• Options from 640+ FICO up to 90% CLTV
• Loans from $25K to $500K
• DTI limits:

- Up to 50% (requires 700 FICO, $3500 monthly residual income—otherwise up to 45%)

• States: See dropdown menu on right for all licensed states

• Self-Employed & Second Homes acceptable.
• Investment properties available
• HELOCS (Adjustable rate - prime index OR Fixed Rate Fully Amortizing ; no subsequent draws in first 90 days)

 

      - Adjustable Rate

   - 10-yr interest-only; then 20-yr fully amortizing

   - Minimum draw $50K OR 50% of the line amount

     - Fixed Rate

            - 15, 20, 30 year terms

            - Minimum draw $25k OR 75% of the line amount

 

• HELOANS (same rate for life of loan)

- 5 to 30 year terms

- Minimum loan $25K

• You submit this info to start the application & transfer to Spring EQ

- A Spring EQ Home Equity Specialist will work with borrower to determine suitable options, assist to complete app, and submit to UW

- When consumer receives their Initial Disclosures, you will be required to e-sign the application initial disclosure package (sent via email)

- Spring EQ's team will UW & close the loan (in Spring EQ's name)

- After your submission of this form & e-sign of 1003, Spring EQ will manage all borrower communications (and reach out to you if assistance is needed).  During the process you will get email updates on disclosures to customer 


• Average application UW decision in 7 days and funds in 21 business days
• Only 4 doc types needed for most applications (collected by Spring EQ):

- Photo ID

- Income Documents

- Homeowner's Insurance

- First Mortgage Statement (please provide from your system)

• Only Experian credit score is used for UW decision

• No assets collected or reviewed
• No in-home appraisal required for loans under $250K (AVM or desktop)
- Spring EQ will work with borrower on fastest & most cost effective valuation method for the customer's scenario
• No title insurance required for loans up to $250K
• No pre-payment penalties
• Closing costs and fees rolled into loan amount

• Specialize in Home Equity, Founded in 2016 and headquartered in Philadelphia with a focus on home equity access

• Debt consolidation opportunities

• One of largest non-bank home equity lenders in United States

• Licensed in 42 states and D.C.
© 2026 Spring EQ LLC - NMLS ID # 1464945
 
 
 
Linkedin Logo
 

1 West Elm St, Ste 450 Conshohocken, PA 19428-4152, 888-978-9978

 

NMLS Consumer Access   |   Legal   |   Terms   |   Privacy   |   E-Sign   |   CA Residents   |   Careers  

    *Details to note:

    This site is not authorized by the New York State Department of Financial Services.  No mortgage solicitation activity or loan applications for properties located in the State of New York can be facilitated through this site.

    Spring EQ customers get their cash on average in 21 business days, and as fast as 14 days. This average time is measured from the time we receive all requested documents and assumes your stated income, property and title information provided in your loan application matches your documents and any supporting information collected. The time period calculation to get cash is based on the average funding turn times over the first four months of 2023, assumes the funds are wired, excludes weekends and excludes the government mandated disclosure waiting period. Typical applicants are required to provide a current and valid completed application, proof of income, mortgage statement, home hazard insurance, and a photo ID.

    Please Note: Spring EQ does not provide tax, legal, investment or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, investment or accounting advice. You should consult your own tax, legal, investment and accounting advisors before engaging in any transaction.

    Applicants are typically not required to provide proof of assets, and proof of income may be more extensive for self-employed borrowers. Quarterly, we calculate The Spring EQ Cash-In-Pocket Index™ which is the average reduction of our customers debt payments where at least one debt was paid off with loan proceeds. The most recent Cash-In-Pocket Index™ reported a reduction in debt payments of $530.

    Any pre-qualification is in no way a pre-approval, indication of eligibility, or binding underwriting decision.

    All borrowers will be required to meet Spring EQ's current underwriting guidelines including verification of applicant’s credit profile, debt-to-income ratio, and home’s current value. Eligible Home Equity Loan borrowers must have a FICO score of 640 and meet all other qualifying criteria in Spring EQ's current underwriting guidelines. Refinance transactions may increase total finance charges over the life of the loan. Speak to a loan officer for details. Eligible Home Equity Line of Credit borrowers must have a minimum FICO score of 640 and meet all other qualifying criteria in Spring EQ's current underwriting guidelines. Spring EQ offers Home Equity loan options up to 90% of primary residence value for qualified borrowers (and up to 80% for second home or investment properties).

    The maximum Home Equity loan or Home Equity Line of Credit amount Spring EQ offers is $500,000.

    For details, call 888-978-9978 to speak to a licensed Spring EQ Loan Officer. Please Note: Any reference to news organizations or outlets and/or their logos or likenesses on these webpages are solely in reference to the inclusion of relevant home equity, mortgage or interest rate subject matter in current, publicly available national news items and cycles and are not meant to imply endorsement of Spring EQ in any way.