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
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FICO credit score:
- 700 for 95% financing to $850,000
- 720 for 90% financing to $1,500,000
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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% at loan amounts to $1,000,000: maximum cash-out is $250,000
