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.