EquiEstate, Corp has an affiliation withEquiMortgage Bankers, Corp. EquiEstate is proud to offer its customers financing throughEquiMortgage Bankers, Corp. Please note that at no time are you obligated to use EquiMortgage Bankers, Corp in order to obtain financing. 
Are you looking to finance a property? Count on EquiMortgage Bankers to provide you with the best possible interest rate and closing cost for your mortgage needs. EquiMortgage Bankers is a Licensed Correspondent Mortgage Lender in Florida. We are approved FHA, VA, Reverse Mortgage, Fannie Mae, Freddie Mac, Jumbo Loans and USDA.
 FHArefinance mortgage or FHA loan allows for the refinance or purchase of a home with a low down payment, currently 3.5%. These loans are great for the first-time homebuyer.
V.A.financing allow veterans to purchase a home with no money down. This loan is great for eligible veterans for either purchase or refinance.
Reverse Mortgages. A reverse mortgage is a special type of home loan for Americans of age 62 or older that lets a homeowner convert a portion of the equity in their home into cash -- with no repayment until the last surviving borrower dies, sells the home, or no longer lives in the home as a principal residence.

If you obtain a reverse mortgage loan, the lender pays you -- in a lump sum, a monthly advance, a line of credit, or a combination of all three -- while you continue to live in your home. You do not have to make monthly payments. You retain title to your home, and the funds you receive may be used for any purpose and generally are tax-free (without other features, like an annuity) and do not affect Social Security or Medicare benefits. Many reverse mortgages have no income restrictions.
Most people don’t know that they can alsopurchasea home using a reverse mortgage. If you’re of age 62 or above and are looking to purchase a home, this might be a great financing tool for you.
 Fannie MaeAKA; FNMA. The corporation's purpose is to purchase andsecuritizemortgages in order to ensure that funds are consistently available to the institutions that lend money to home buyers
Freddie MacAKA; FHLMC is agovernment sponsored enterprise(GSE) of theUnited States federal government. Freddie Mac has its headquarters in theTyson's Corner CDPin unincorporatedFairfax County, Virginia.

The FHLMC was created in 1970 to expand thesecondary marketformortgagesin the US. Along with other GSEs, Freddie Mac buys mortgages on the secondary market, pools them, and sells them as amortgage-backed securityto investors on the open market. Thissecondary mortgage marketincreases the supply of money available for mortgage lending and increases the money available for new home purchases. The name, "Freddie Mac", was anacronymof the company's full name that had been adopted officially for ease of identification
Jumbo LoanIn theUnited States, a jumbo mortgage is amortgagewith a loan amount above conventionalconforming loanlimits. This standard is set by the twogovernment-sponsored enterprises Fannie Mae andFreddie Mac, and sets the limit on the maximum value of any individual mortgage they will purchase from a lender.
USDA
USDA Loansare offered through theRural Housing Divisionof the US Department of Agriculture.USDA Loanswere created to facilitate housing and development in America's rural areas. TheUSDAoffersmortgage loansso that those people are not forced to move and can afford housing in the rural areas they want to live in.USDA Rural Developmentloans are one of the last remaining100% financingprograms left. The government offers thezero money downoption so that rural borrowers, who may be renting, can have access to affordable mortgages. That is why theUSDAdoes not require any down payment on their rural housingmortgage loans. USDA Rural Developmentloans are the perfect way to finance your rural property without coming up with a down payment.


Some of theUSDA Loanprogram highlights include:
  • 100% Financing- No Down Payment Required
  • No Mortgage Insurance
  • No Cash Reserves Required
  • Low Fixed Rates
  • Unrestricted Gifts
  • Loans to $417,000
  • Purchase or Refinance
  • Excellent Credit Not Required

 

Along with the benefits above any closing costs and prepaid expenses not covered by the seller can be financed in, if the appraisal supports it, with aUSDA Rural Housing Loan.

Please contact Daisy Olin from EquiMortgage Bankers if you have any questions or if you need to get prequalified 305-557-5052 ordolin@embankers.com.