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2021-01-11
Home Mortgage
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Is An Academy Bank Hero Loan Right For You?

an EMT represents the everyday heroes who qualify for a Hero Loan
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You may have heard the term “HERO loan” before, but at Academy Bank, it means something unique. Geared toward first responders and offering as low as a $0 down payment, this product means a lot to our bank and to our community heroes.

We’ll answer some of your questions here, such as: Do you qualify for an Academy Bank Hero loan? And what benefits can it bring to your home ownership journey?

Learn more to find out about this special kind of homeowner loan.

What Is An Academy Bank HERO Loan?

Academy Bank’s Hero Loans differ from the others you may have heard. In the traditional definition, HERO (Home Energy Renovation Opportunity) loans are government-backed loans offered to homeowners to cover the cost of energy-efficient improvements, which are later repaid through property taxes. It originates from its parent program PACE (Property Assessed Clean Energy).

Academy Bank’s Hero Loan program is offered specifically to the “heroes” of our community – our first responders, which include police, firefighters, nurses, paramedics, EMS, ATF, and FBI.

Academy Bank believes everyday heroes of our community deserve the best home-financing options, which is why Academy Bank Hero Loans offers a down payment potentially as low as $0.

If you’re a military service member or a veteran, fear not -- our VA loans, specific to military service members (active or retired) and offering zero down payment, are the ideal option for you.

Some Things to Know About Academy Bank Hero Loans:

Looking to get started on applying for a Hero Loan? Here are some important things to know.
  • Our Hero Loan program is unique to Academy Bank.
  • It’s one of our portfolio loans, meaning we will never sell these loans to agencies such as Freddie Mac, Fannie Mae, and so on.
  • Academy Bank Hero Loans are available in Kansas City, Denver, Colorado Springs, and Phoenix.
  • Our borrowers are also required to have a checking account with us.

New to buying your first home? We’ll walk you through some of the steps here.

If you’re wondering whether it’s better for you to rent or buy a home, we also outline some of your options here.

At Academy Bank, we know the value of setting down roots in your community. That’s why we want to be there for you every step of the way of your homeowning journey.

To learn more about Academy Bank Hero Loans, we invite you to talk to one of our mortgage loan experts.

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All loans are subject to credit approval. Owner Occupied Property only. Requires Mortgage Insurance.
Fees, restrictions, and conditions apply