About Equity Source Mortgage
Equity Source Mortgage operates as a dedicated home mortgage broker, primarily serving the Minnesota area. Established in 2016, the company prides itself on guiding clients through the complexities of the home purchase and refinance processes, focusing on a personalized, relationship-driven approach rather than treating clients as mere applications.
They offer a comprehensive suite of residential loan products designed to meet diverse borrower needs. This includes government-backed options like FHA, VA, and USDA loans, as well as conventional mortgages. Equity Source Mortgage specializes in programs for first-time homebuyers, zero-down payment solutions, and various renovation loans such as FHA 203k and Home Style Renovation.
The firm also provides extensive refinancing services, including no-fee options and solutions for converting contracts for deed to traditional mortgages, alongside home equity loans. Their commitment lies in counseling borrowers to align their home finance decisions with their broader financial goals, aiming to make the loan application process as smooth as possible.
They offer a comprehensive suite of residential loan products designed to meet diverse borrower needs. This includes government-backed options like FHA, VA, and USDA loans, as well as conventional mortgages. Equity Source Mortgage specializes in programs for first-time homebuyers, zero-down payment solutions, and various renovation loans such as FHA 203k and Home Style Renovation.
The firm also provides extensive refinancing services, including no-fee options and solutions for converting contracts for deed to traditional mortgages, alongside home equity loans. Their commitment lies in counseling borrowers to align their home finance decisions with their broader financial goals, aiming to make the loan application process as smooth as possible.
Company Information
Founded: 2016
Lender Type: Mortgage Broker
Headquarters: Ogilvie, MN
Licensed In
MN
Certifications & Credentials
FHA ApprovedVA ApprovedUSDA Approved
Digital Capabilities
Online Application
Home Loan Products
FHA Mortgage Loans
Loan Types:
FHARefinance
Rate Types:
Fixed RateAdjustable Rate (ARM)
Property Types:
Single-Family HomeCondoTownhouse
Occupancy Types:
Primary Residence
Employment Types:
W-2 EmployeeSelf-Employed
Income Verification:
Full Documentation
Special Programs:
First-Time HomebuyerLow Down Payment ProgramFHA 203kRenovation Loan
Credit Tiers:
Poor (580-619)Bad (<580)
3.5%
Min Down Payment
96.5%
Max LTV
VA Mortgage Loans
Loan Types:
VARefinance
Rate Types:
Fixed RateAdjustable Rate (ARM)
Property Types:
Single-Family HomeCondoTownhouse
Occupancy Types:
Primary Residence
Employment Types:
W-2 EmployeeSelf-Employed
Income Verification:
Full Documentation
Special Programs:
Veteran ProgramLow Down Payment ProgramFirst-Time Homebuyer
Credit Tiers:
Excellent (740+)Good (680-739)Fair (620-679)Poor (580-619)
0
100%
Max LTV
USDA Rural Development Home Loans
Loan Types:
USDA
Rate Types:
Fixed RateAdjustable Rate (ARM)
Property Types:
Single-Family Home
Occupancy Types:
Primary Residence
Employment Types:
W-2 EmployeeSelf-Employed
Income Verification:
Full Documentation
Special Programs:
Low Down Payment ProgramFirst-Time Homebuyer
Credit Tiers:
Good (680-739)Fair (620-679)
0
100%
Max LTV
Conventional Mortgage Loans
Loan Types:
ConventionalRefinance
Rate Types:
Fixed RateAdjustable Rate (ARM)
Property Types:
Single-Family HomeCondoTownhouseMulti-Family (2-4 units)Investment Property
Occupancy Types:
Primary ResidenceSecond HomeInvestment Property
Employment Types:
W-2 EmployeeSelf-Employed
Income Verification:
Full Documentation
Special Programs:
First-Time HomebuyerLow Down Payment ProgramRenovation Loan
Credit Tiers:
Good (680-739)Excellent (740+)
5%
Min Down Payment
95%
Max LTV
New Construction Loans
Loan Types:
Construction
Rate Types:
Fixed RateAdjustable Rate (ARM)
Property Types:
Single-Family Home
Occupancy Types:
Primary Residence
Employment Types:
W-2 EmployeeSelf-Employed
Income Verification:
Full Documentation
Credit Tiers:
Good (680-739)Excellent (740+)
Refinance & Home Equity Loans
Loan Types:
RefinanceCash-Out RefinanceHELOCHome Equity LoanConventionalFHAVAUSDA
Rate Types:
Fixed RateAdjustable Rate (ARM)
Property Types:
Single-Family HomeCondoTownhouse
Occupancy Types:
Primary Residence
Employment Types:
W-2 EmployeeSelf-EmployedRetired
Income Verification:
Full Documentation
Credit Tiers:
Good (680-739)Excellent (740+)Fair (620-679)Poor (580-619)
Contact Information
19230 Evans St NW Suite 100
Elk River, MN 55374
US
Mailing Address:
5079 190th St, Ogilvie, MN 56358
Connect With Us
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Business Information
Category: Mortgage Broker
Location: Elk River, MN
Status: Standard
Founded: 2016
Type: Mortgage Broker
NMLS ID: 295556
Profile Views: 0
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