Equitable Home Mortgage Inc Interest Rate and Cost Review

Is Equitable Home Mortgage Inc a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by Equitable Home Mortgage Inc to those of other lenders for a comparable set of borrowers. Here is our review of Equitable Home Mortgage Inc nationally:

Review ItemEquitable Home Mortgage Inc
Interest Ratesimilar to other lenders (+0.01%)
Loan Related Closing Costssimilar to other lenders (-$78)
National Rate and Closing Cost Star Rating(3.5)

On average, Equitable Home Mortgage Inc’s interest rates were similar to those of other lenders (+0.01%). Its loan related closing costs were also similar to those of other lenders, with a difference of -$78. Overall, combining interest rates and closing costs we estimate that Equitable Home Mortgage Inc tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 3.5 out of 5 stars.

We maintain our independence by not accepting any money from the mortgage lenders we review. To visit Equitable Home Mortgage Inc, check out its website at: https://www.equitablehomemtg.com/.

Equitable Home Mortgage Inc’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. For our list of the top mortgage lenders by city, click here. In particular, among the cities we track Equitable Home Mortgage Inc was most active in:

  1. Phoenix, AZ
  2. Prescott Valley, AZ
  3. Seattle, WA
  4. Twin Falls, ID
  5. Safford, AZ

Equitable Home Mortgage Inc’s Rate Review by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Equitable Home Mortgage Inc originated Conforming and Jumbo mortgages for new home purchases and refinances. Its average interest rate and total loan related closing cost difference relative to other lenders by mortgages type is as follows.

New Purchase MortgagesConformingJumbo
Interest Rate Difference-0.04%+0.05%
Loan Related Closing Cost Difference+$36+$165
Cost Adjusted Rate Difference-0.04%+0.05%
National Star Rating(3.5)(3)
Refinance MortgagesConformingJumbo
Interest Rate Difference+0.07%+0.03%
Loan Related Closing Cost Difference-$339+$140
Cost Adjusted Rate Difference+0.05%+0.03%
Average Star Rating(3)(3.5)

As a summary, Equitable Home Mortgage Inc is similar to other lenders for Conforming purchase mortgages. It is more expensive than other lenders for Jumbo purchase mortgages. For refinancing, Equitable Home Mortgage Inc is similar to other lenders for Jumbo mortgage refinance. It is more expensive than other lenders for Conforming mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.

Other information about Equitable Home Mortgage Inc:

Registered name: Equitable Home Mortgage Inc
Registered city and state: SCOTTSDALE, AZ, 85251
Regulator: United States Department of Housing and Urban Development (HUD)

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for Equitable Home Mortgage Inc’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.