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.
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