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May 12, 2014 | Academy Mortgage | Comments 0

Academy Mortgage Offers Five Percent Down Payment Options

Are you feeling discouraged from buying a new home due to the concerns about placing a large down payment? With Academy Mortgage, you have the opportunity to purchase a new home in metro Atlanta with a down payment as low as five percent. This allows home buyers to have the opportunity to spend less out-of-pocket money while still receiving the same benefits as mortgages that require up to a 20 percent down payment.

Many metro Atlanta home buyers that secure a loan with a five percent down payment will still have the same interest rate as if they placed 20 percent down on their home. This loan option does mean that the buyer will be required to have private mortgage insurance (PMI); however, the insurance can be dropped at any time. For buyers who choose to pay PMI, the mortgage interest is tax deductible, which is another great benefit to buying a home now!

If you would prefer to pay a larger down payment up front or choose to have a shorter loan term, Academy Mortgage has multiple different loan products to offer. Interest rates are still at historic lows, making now a great time to purchase a new home. To find out more information about different loan products or to find out how Academy Mortgage can help you become a new homeowner, contact the lender by calling 404-713-8662 or visit www.AcademyMortgage.com/Atlanta.

Academy MortgageEqual Housing Lender. (c)2013 Academy Mortgage License #3113. GA Lic. # 20505. This is not a commitment to lend. Academy Mortgage Atlanta: 5565 Glenridge Connector,  Suite 400. Atlanta, GA 30342. Georgia Residential Mortgage Licensee.

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