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
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.
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.