Home Equity

¹Customer answers as few as 14 questions and receives eligibility, payment and rate information. In order to check the rates and terms that you qualify for, Spring EQ conducts a “soft” credit inquiry that does not affect your credit score. However, if you decide to move forward with a loan application, Spring EQ will request your full credit report from one or more of credit reporting agencies, which is considered a “hard” credit pull and may affect your credit score.

²For Spring EQ to have the chance to fund a loan in as few as 11 days, we need to have received all requested documents for review and have your stated income, property and title information provided in your loan application match your documents and any supporting information collected. Spring EQ customers get their cash on average in 18 days. The time period calculation to get cash is based on the last 6 months of 2019 funding’s, assumes the funds are wired, excludes weekends and excludes the government mandated disclosure waiting period.

³Quarterly, 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 Q4 2019 Cash-In-Pocket Index™ reported a reduction in debt payments of $530.”

⁴Typical applicants are required to provide a current and valid completed application, proof of income, mortgage statement, home hazard insurance, and a photo ID. Income documents may be more extensive for self-employed applicants. Loans above $175k will require an in-home appraisal. Loans above $250,000 require title insurance. Applicants are typically not required to provide proof of assets, and proof of income may be more extensive for self-employed borrowers. Any pre-qualification or “Home EQ” value is in no way a pre-approval, indication of eligibility, or binding underwriting decision. Not all borrowers will qualify for our lowest rates or highest CLTVs. All borrowers will be required to meet Spring EQ’s current underwriting guidelines including verifications of applicant’s credit profile, debt-to-income ratio, and home’s current value.

This is an advertisement for Spring EQ, and Spring EQ has no affiliation with SoFi. © 2019 Spring EQ LLC – NMLS ID #1464945. Terms and conditions apply.

*SoFi is not affiliated with Spring EQ. SoFi receives compensation from Spring EQ on a per lead basis. Terms and conditions apply. SoFi is Licensed by the DBO under the CFL #6054612. NMLS #1121636 (www.nmlsconsumeracces.org).