Jumbo ARM now available

By
Mortgage and Lending with Academy Mortgage Corporation NMLS #229617

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% at loan amounts to $1,000,000: maximum cash-out is $250,000

 

Comments (1)

DEANNA C. SMITH CERTIFIED MOBILE NOTARY
Certified Mobile Notary Signing Agent - Smith Mountain Lake, VA
Highest Ranked Certified Mobile Notary in Virginia

Sounds like an excellent offering Steve Alonso 

Dec 19, 2015 10:45 PM