Mortgage Programs

Our Mortgage Products2019-02-13T16:52:27+00:00

Which mortgage is right for you? Learn the types of mortgages and the rates we offer.

Home IN 5

Enjoy unique mortgage rates in Phoenix by applying for a Home IN 5 Advantage Program.

Home IN 5 is a Down Payment Assistance, government grant. There is a government grant that provides down payment assistance/closing cost assistance for potential home buyers. Home in 5 is unique to Maricopa County, AZ including the City of Phoenix. Through the Home in 5 Advantage program, families and individuals who qualify can receive 3% Forgivable funds for down payment/closing costs. Those who qualify as K-12 Teachers, First Responders, US Military personnel and Veterans can receive 4% Forgivable funds for down payment/closing costs. Financing for these loans is available on new or existing homes, condominiums and townhouses. This program has a number of unique properties.

  • Buyers must have a minimum FICO score of 640 with a maximum debt-to-income ratio of 45%
  • Standard loan guidelines apply to FHA, VA or USDA.
  • All buyers must complete a home buyer education course and obtain a certificate of completion.

HOME IN 5 CHANGES

For additional program requirements and eligibility please contact us at 480-339-3850 or toll free 877-906-5850

Loan Programs:

VA Loan

Academy Mortgage is proud to help Veterans and active military achieve the dream of home ownership. Current members of the U.S. military or Veterans may be qualified for our VA Loan Program. Some additional benefits of this program include (1):

  • No money down

  • No monthly mortgage insurance

  • Gifts and home-seller contributions accepted toward closing costs

This program can be combined with Maricopa County down payment/closing cost assistance program Home in 5. This may cover all expenses and down payment. With a VA Loan, you can enjoy affordable mortgage rates in Phoenix, Mesa, and Gilbert.

FHA Loan

An FHA loan requires low down payment and is insured by the Federal Housing Administration a government agency with the U.S. Department of Housing and Urban Development (HUD). This is a common program due to low FICO and down payment requirements.

  • Low down payment (can be homebuyer’s and/or gift funds)

  • Lower credit scores

  • Less stringent income requirements

  • Can use gift funds for down payment or closing costs

At Academy Mortgage we strive to bring the dream of home ownership to numerous homebuyers. This program is a great solution to those with less than perfect credit.

Properties must be single-family homes and approved condominiums.