JUMBO LOANS

//Jumbo Loans
Jumbo Loans2017-10-27T15:35:57+00:00

Jumbo Loans Without Big Bank Turn Times

Academy Mortgage specializes in Jumbo Mortgages—a home loan program that allows you to finance up to $1.5 million on a primary or second home.1 Academy offers competitive pricing on 30-year or 15-year fixed-rate Jumbo Mortgages, with low interest rates.

A Jumbo Mortgage is any single loan amount over the conforming loan limit set by Fannie Mae and Freddie Mac, which is currently $417,000 for a one-unit property in most of the United States. Jumbo Mortgages are non-conforming loans, so they are not backed by Fannie Mae and Freddie Mac. Jumbo Mortgages usually have higher interest rates because they carry greater risk.

Jumbo Loan Program Highlights:

FINANCE
Up to $1.5 Million

GREAT
Interest Rates

See if you qualify

Jumbo Loan Benefits:

  • Allow purchase of a more expensive home with a minimum 20% down payment.
  • No private mortgage insurance is required with a 20% down payment.
  • Interest on loans up to $1 million is tax-deductible (consult a tax professional for more information).
  • Flexibility to take advantage of refinance opportunities.
  • Closing costs are about the same as other mortgage programs.
  • Academy offers a Preferred Payment Plan on select Jumbo Mortgages that could reduce your interest rate by .250.

Jumbo Loan Details:

  • Jumbo Mortgages are primarily designed for buyers who are able to afford a luxury home and higher monthly payments, yet may not have the savings to make a huge down payment.
  • They offer the same benefits as other fixed-rate mortgage programs, including a monthly mortgage payment that never changes over the life of the loan.
  • The interest rate is locked and not subject to market fluctuations.
  • There are no associated mortgage indexes, margins, or caps.
  • 10% down and 15% down options available.

SEE IF YOU QUALIFY

Contact us right away and start on the path towards homeownership with a Jumbo Loan from Academy!

Fill out this form and we will reach out to you right away to schedule a no-cost consultation. If you’re ready to get started, click “Pre-Qualify” below. You can also contact us by phone or email.

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5-Star Lender
#1 Lender in Utah for 2015

1$1.5 million is only eligible in certain areas and is subject to property type, loan-to-value, and credit score. Rates, program terms, and conditions are subject to change without notice. Additional conditions, qualifications, and restrictions may apply.

*Academy Mortgage’s 3rd Quarter 2016 Customer Satisfaction Survey, with a sample size of 6,944 Responses

** Source: CoreLogic Marketrac Report for 2015, published in January 2016