Equity Access Granted Loan (EAGL) Programs

EAGL 100 and EAGL 133 Second Lien Programs. All other offers will have different terms.

*The advertised loan is a 5-Year Interest-Only Adjustable Rate Mortgage (ARM) followed by a 20-Year amortizing term. The total term of the loan is 25 years. The Interest-Only period is for the first 5 years of the loan and will adjust annually based on a margin and index. After the Interest-Only Period ends, the ARM will convert to a Fixed Rate Mortgage for the remaining 20-year loan term with a regular monthly payment of both principal and interest. The Annual Percentage Rate (APR) for the initial Interest-Only Adjustable Rate Mortgage (ARM) period is 7.563% based on a 5.625% introductory rate with a $100,000 loan amount. The APR example is for a variable interest rate. Example is based upon a FICO Score of 800. A minimum FICO Score of 660 on a primary residence is required for the EAGL 100 and EAGL 133 Programs. The actual interest rate, APR and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by JFQ Lending, LLC. Not available in all states. Rate is as of October 26, 2022, and is subject to change at any time without notice. JFQ Lending, LLC, NMLS ID# 1639493, is not affiliated with any government agency.

Payment Calculation Example:

HOW YOUR PAYMENT CAN CHANGE (“Worst Case Scenario”). Your payment can change every 12 month(s) based on changes in the loan term, interest rate, or loan balance. For example, on a $10,000 loan with a 300 month term and an initial rate of 4.990% the maximum amount that the interest rate can rise under this ARM program is 5.000 percentage points above the initial interest rate to 9.990 percent and the payment can rise from a first-year payment of $41.58 to a maximum of $96.44 in month 61.

To see what your payment would be, divide your mortgage amount by $10,000, then multiply the monthly payment by that amount. For example, the monthly payment for a new loan amount of $60,000 would be $60,000 divided by $10,000 = 6. Multiply the payment amount by this number, e.g., 6 x $41.58 = $249.48.