A Jumbo Loan may be right for you if:
You can afford a more expensive primary or second home and higher monthly payments; and
You want a fixed-rate mortgage.
Jumbo Loan Benefits and Features
- Loan amounts: For amounts above conforming loan limits, up to $1.5 million.
- Down payment: Minimum is 10%. No mortgage insurance is required with 20% down.
- Academy’s Preferred Payment Plan on select Jumbo Mortgages could reduce your interest rate.
- Shorter turn times: Academy Jumbos don’t have the long turn times of big banks.
- Other requirements and conditions apply.
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