jumbo: Jumbo ARM now available
- 12/16/15 12:59 AM
Academy Mortgage is happy to offer a new Jumbo 5/1 ARM. This program provides an affordable option for those looking to finance a higher loan amount. This 30-year Jumbo ARM is a great option for properties in counties not defined as high balance by FHFA when looking for 95% financing options from $417,001 to $850,000. Program Highlights Up to 95% LTV Financing FICO credit score: 700 for 95% financing to $850,000 720 for 90% financing to $1,500,000 Loan Amounts Minimum $417,001 Maximum $1,500,000 Eligible Properties 1-unit primary residences 1-unit second homes Loan Purpose Purchase No cash-out refinance Cash-out refinance allow to 85% (1 comments)