With both home sales and home prices finally back on the rise, more new homebuyers are beginning to look into mortgage and loan options that fit their needs. For those looking to purchase a new home in Atlanta, Academy Mortgage may have just the loan you need to secure your dream house.
Jumbo loans, which previously had a negative connotation during slower economic times, are back and better than before. Once difficult to get, jumbo loans are becoming the loan of choice for homebuyers purchasing homes for more than $417,000. The traditional, nonconforming jumbo loans for home prices up to $1 million require as little as 20 percent down and a credit score of at least 720. However, many lenders are offering more lenient debt-to-income ratios, allowing jumbo loans to become more attainable.
At Academy Mortgage, we have a special jumbo loan for those homebuyers not wanting to place 20 percent down. We offer a jumbo loan that requires only 10 percent down for homes with a price tag ranging from $417,000 to $750,000. You must have a credit score of at least 740 to be considered for this jumbo loan, but it is a great option that only we offer for those wanting to put less money down up front.
For more information on jumbo loans or our other loan opportunities, contact Academy Mortgage at 404-558-4399 or visit www.AcademyMortgage.com.
Equal 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.