Frequently Asked Questions

It's a way to buy a home with owner financing directly through Equidad Homes. You make a down payment and one monthly payment to us — there's no bank approval process the way a traditional mortgage works. We review your income and ability to pay, not just a credit score.

Buyers with steady, verifiable income who don't fit neatly into traditional mortgage underwriting — including self-employed individuals, ITIN holders, and borrowers who are building or rebuilding their credit. If you can show you have the income to support a home, we want to hear from you.

Once you've found a home you'd like to purchase, we issue a term sheet and begin reviewing your income and application. From there, we move toward a closing date — most buyers are in their new home within a few weeks of approval.

$300 to get started — a $50 application fee and a $250 third-party RMLO fee to begin underwriting your file. That $250 isn't an extra cost: it's credited toward your full $1,100 RMLO fee at closing, so you're simply paying part of that fee earlier.

We currently purchase and finance homes across Texas.

Financing and residential mortgage loan origination are arranged through EQH Financial Limited Liability Company (NMLS #2832795), a licensed Texas residential mortgage company regulated by the Texas Department of Savings and Mortgage Lending. EQH Financial Limited Liability Company is a separate company related to, but not the same as, Equidad Homes. A licensed third-party RMLO is also engaged to underwrite and broker your file, so your financing is reviewed by licensed mortgage professionals at every step.

A minimum of 10% of the purchase price.

No. We look at your full financial picture — income, savings, and your ability to make consistent monthly payments — rather than relying on a credit score alone.

Yes — this program was built with self-employed buyers in mind. We work with you to verify income in a way that reflects how you actually get paid.

No. There is no lump-sum balloon payment due at any point. Your loan is fully amortizing from day one.

Your payment covers principal and interest on your loan. Taxes and insurance arrangements are reviewed with you at closing.

Your on-time payments are reported, helping you build or rebuild credit history so you're in a stronger position to refinance into a traditional mortgage down the road.

Most buyers are positioned to refinance into a traditional mortgage within 24–36 months, though the exact timing depends on your individual credit and financial progress.

Our standard Open Market Program rate is 10.25% with a minimum 10% down payment. Rates and terms on specific listings and curated homes can vary from deal to deal.

These are the standard fees for our Open Market Program. Getting started costs $300 total — a $50 application fee and a $250 third-party RMLO fee to begin underwriting your file — due when you submit your application. That $250 is credited toward your full $1,100 RMLO fee at closing. At closing, you'll also pay a $1,995 processing fee and an origination fee of 2.5% of the loan amount. Fees on individual listings and curated homes can vary from deal to deal. Either way, every fee is disclosed and explained in writing before you commit to moving forward.