Jumbo Loans
Sometimes it is difficult to finance loan amounts over the conforming limit. Here at Academy we have multiple products to suit your needs, offering all the way up to 97% loan-to-value with only 3% down! Ask us how you can qualify! (**97% financing on Jumbo loans only offered in MA at this time)
A Jumbo Loan may be a great option for you if:
You can afford a more expensive primary or second home and higher monthly payments; and
You want a 15-year or 30-year fixed rate.
Jumbo Mortgage benefits and features:
Loan amounts: For conforming Conventional Loans above $484,350 and for high-cost area Conventional Loans above $726,525 and up to $1.5 million.
Down payment: Minimum is 10%. No mortgage insurance is required with 20% down.
Credit score: Minimum is 680. Academy’s Preferred Payment Plan on select Jumbo Mortgages could reduce your interest rate by 0.250%.
Shorter turn times: Academy Jumbos don’t have the long turn times of big banks.
Other requirements and conditions apply.
CONTACT THE JEAN GROUP today for more information about Fixed-Rate Mortgages and about which type of loan and rate program will best help you achieve your goals.