The Next Evolution Of Home Financing Is Here
The 1% Payment
Option Plan Is Back!
Better. Smarter. Safer.
EquitySelect now available in AZ, CA, CO, FL, OR. More states coming soon.
Provide your borrowers with a flexible line of credit that gives them access to their home equity, with payment options starting as low as 1% to keep monthly costs predictable and manageable.
Flexible Tailored Solutions
Why EquitySelect?
Give your borrowers more control over their financing and fund more loans.
- Flexible payment options starting with a 1% payment plan
- $75k-$3MM Loan Amounts
- 40 Year Capped Payment
- 50% DTI
Access Our Calculator (registration required)
With built‑in caps on monthly payments you can reassure your borrowers they’ll never pay above a set amount even if rates rise. You deliver clarity. EquitySelect makes it simple.
Call Us At (888) 369-1573
Complete Flexibility
Smaller Monthly Payments
Longer Terms, Less Worry
Protected Funds
Long-Term Stability with No Surprises
40-Year Capped Payment and Non-Recourse Protection
EquitySelect is built for predictability. With a 40-year capped payment and non-recourse protection, borrowers can move forward knowing exactly what to expect—no matter how the market shifts.
- Capped monthly payments locked in for up to 40 years
- Designed to support long-term retirement planning
- Non-recourse protection ensures you or your heirs never owe more than the home is worth
- Keeps monthly obligations predictable, even in a rising rate environment
Choose the Payment Schedule That Works For You
Flexible Payment Options
EquitySelect gives you flexibility without compromise. Whether you’re looking to ease cash flow or take a more aggressive paydown, EquitySelect gives you options:
Monthly Mortgage Payments
start at just 1% of the annual loan balance
5 Payment Options
available
7 Year Draw
for added convenience
Pay More Whenever You Want Without Penalties
Compare Options:
EquitySelect vs. Other Products
Scroll to the right to see >
| Product |
|
FHA Reverse Mortgage LOC | HELOC |
|---|---|---|---|
| Minimum Payments | As low as an annual 1% | Optional | Interest Only the first 5-10 years (then principal and interest) |
| Term | 40 Years | N/A | 15-30 years |
| Pre-payment Penalty | None | None | Pre-payment penalties can be charged in some cases - make sure to ask your lender |
| Counseling | Online Video | HUD-approved in-person or over the phone counseling required | None |
| Qualifications | First position loan and must be primary residence and have equity | First position loan and must be a homeowner age 62+ and use the home as primary residence and have equity | Second position loan and qualify based on credit score and income |
| Credit Requirements | 650 | Must prove ongoing expenses can be paid | Based on lenders requirements |
| Annual Fees | None | Ongoing FHA annual insurance | Annual fee to keep the loan open |
Interest Rate is based on Secured Overnight Financing Rate (SOFR) Index + Margin (APR). APR excludes loan fees, points and similar charges relating to opening, renewing, or continuing the account.
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We understand that you may have questions about our loan products and services. To help you get the information you need quickly, we’ve compiled a list of the most frequently asked questions. Browse through the answers below or contact our team for further assistance.
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