Home Equity Quiz Review

Sarah Badani

In a Nutshell

Home Equity Quiz is a website that aims to match home buyers in need of a mortgage or homeowners looking for refinancing deals with the right home loan for their needs. It has hundreds of partners to help you access the top option, and an extensive and easy-to-use questionnaire to get to know your financial circumstances. However, it doesn’t do anything to help you investigate the details of the loans it suggests.


  • Very easy-to-use questionnaire
  • Over 200 direct lenders on the partner database


  • No information about loan fees
  • Sometimes fails to match you with a loan

HomeEquityQuiz HomeEquityQuiz Visit Site

Home Equity Quiz at a Glance

Loan types: Home purchase, refinancing 

Featured Loans: FHA, VA, 

Repayment terms: 10-40 years fixed-rate loans, 1-10 years ARM variable loans

Minimum Down Payment: None specified    

Minimum Credit Score: None specified

Suitable for: Former and current members of the US military


Home Equity Quiz isn’t a direct lender, nor does it give you any help with the practicalities of applying for a purchase or refinancing home loan. What you will get from Home Equity Quiz is an email with suggestions of loans for which you qualify from a network of hundreds of lenders.

  • FHA loans
  • VA loans
  • Fixed-rate loans with terms of 10, 15, 20, 30, and 40 years
  • ARM variable rate loans with terms of 1, 3, 5, 7, and 10 years
  • ARM variable I/O loans with terms of 2, 5, or 7 years

Suitable For?

Home Equity Quiz is right for home buyers or refinancers who are veterans or current members of the US military because it's one of the few mortgage sites that searches through VA mortgages as well as regular mortgage loans. With Home Equity Quiz, you know that the suggestions you get include the top possible options for someone with your capabilities and history.

Types of Loans/Products

Because Home Equity Quiz isn't a direct lender, it doesn't have a small number of specific home loans to offer. It draws from hundreds of different home purchase and refinancing loans that include FHA loans, VA loans, and standard loans. You can select either fixed or adjustable-rate loans, and choose between both variable-rate ARM and variable rate I/O ARM loans. The repayment terms are just as flexible, stretching from a 1-year variable ARM to a 40-year fixed-rate loan, and many options in between.

Thanks to the sheer number of lending partners connected with Home Equity Quiz, it’s almost impossible to say what minimum credit score, down payment, or remaining equity is required. The site itself doesn’t give any clues about the minimum requirements to qualify for a mortgage. You have to contact the direct lender yourself to get all of those details. If you don’t match any of Home Equity Quiz’ sloans, you won’t get any explanation about why you failed.

  • No minimum credit score
  • No maximum loan amount
  • No minimum down payment
  • Huge range of APR 
  • Fixed-rate loan terms from 10 to 40 years
  • Variable-rate ARM loan terms from 1 to 10 years
  • Variable-rate ARM I/O loan terms from 3 to 7 years
  • VA and FHA loans

The Application Process

Applying for a list of suggested loans from Home Equity Quiz is easy.

  1. Move step-by-step through the set of guided questions. For each one, you simply click on the most appropriate answer shown on the screen.
  2. The questions cover issues like your income, borrowing history, and bankruptcy history; the type and value of your property; the size of your down payment or how much equity remains in your home; and whether or not you’re a member of the US military.
  3. Enter your personal details, including your email address and your phone number so that Home Equity Quiz can send you your list of personalized suggested loans.
  4. If you don’t qualify for any loans, you’ll see a screen advising you to work on improving your credit score, and the game will be over. There’s no alternative way to get mortgage loan suggestions.
  5. If you are eligible for some of their loans, you'll receive a clear list in your email inbox. Now, it's time to investigate and compare loans and decide if you want to apply.

Pros and Cons

Home Equity Quiz partners with well over 200 reputable US banks and online lending companies, so they have a database of several thousand home purchase and refinancing mortgage loans. It gives them a much higher chance of finding a loan that suits your needs. Although it asks you so many questions in order to match you with the right loan, the Home Equity Quiz site is still very easy to use.

But the Home Equity Quiz is only here to help you find a loan that matches your financial situation. It doesn’t provide any information about loan fees or penalties, and there are no tools to help you compare the different suggestions. Home Equity Quiz caters to borrowers with strong credit and high down payments or equity.

Rates and Fees – The Bare Basics

There’s no way to find out rates and fees on Home Equity Quiz without applying for a personal quote. The site doesn’t have any information about the typical range of APR or common fees that lenders charge. In order to find out these details, you’ll have to complete the questionnaire, see if you get a list of loans in your inbox, and then contact each and every direct lender to discover their fees and rates for your circumstances. As a result, it’s very difficult to compare the rates and fees available through Home Equity Quiz with those offered by any other mortgage site.

Repayment Terms

With so many different lenders, it's not surprising that you can find a massive range of repayment terms. Fixed-rate loans have terms of 10, 15, 20, 30, and even up to 40 years. Variable-rate ARM loans come with terms of 1, 3, 5, 7, or 10 years, and variable ARM I/O loans have terms of 3, 5, and 7 years.

Help & Support

If you need help or support using the Home Equity Quiz site, you can begin by turning to the help center FAQs. However, there are not very many of these. You aren’t likely to find the answers you need this way. Instead, you’ll have to complete the online web form and wait for someone to reply. There’s no information about how long it takes to get a response, and no email or customer support phone line.

How This Company Compares

FHA Rate Guide
Quicken loans
NKBC bank
Credit requirement
None specified
Minimum down payment
None specified
3.5% for FHA mortgages, 5% for conventional mortgages
DTI ratio
None specified
$675 or less
Loan fees
None specified
Deposit fee: $400-$750
Not specified
Suitable for
Online government loans
Great customer service


Home Equity Quiz seems to try hard to match home buyers and home refinancers with the right loan for their circumstances. It has hundreds of partner lenders and a long and comprehensive set of borrower questions in order to reach that goal. The site is easy to use, and can be a helpful resource to borrowers with good credit.

HomeEquityQuiz HomeEquityQuiz Visit Site


Q: Why wasn’t I matched with a loan?

A: It might be your credit score. Try improving it, and then try again.

Q: How do I get to my mortgage results?

A: They’ll be sent straight to your email inbox.

Q: Do you offer loans for US veterans?

A: Yes, Home Equity Quiz includes VA loans as well as FHA loans and standard loans, so you can choose the one that’s right for you.

Q: Do I have to pay to apply for a mortgage with Home Equity Quiz?

A: There’s no fee to use Home Equity Quiz to find a mortgage, but you might be charged origination or other fees by the direct lender.

Physical Address

LeadPoint, Inc.

11801 Mississippi Ave., Suite 100

Los Angeles, CA 90025

Sarah Badani writes for top10.com and has extensive research and review experience in the finance industry. With a degree in psychology and education, she brings a level of depth and understanding to her writing along with her own flavor to spice up each topic in a unique and inviting way.

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19 Apr 2021

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