What Is Academy Bank’s Premier Choice Home Loan Program?

If you are a busy professional looking to buy a home, consider Academy Bank’s Premier Choice Home Loan Program. Unlike traditional mortgages, this program is tailored specifically for high-achieving professionals in demanding fields like medicine and law. And one of the biggest perks? No mortgage insurance (MI) is required.

Keep reading to learn about mortgage program eligibility, its benefits, and how the program compares to conventional home loans.

Who is Eligible for the Premier Choice Program?

The Premier Choice Mortgage Program is designed for borrowers with financial profiles that don't always fit standard mortgage guidelines. The program focuses on a homebuyer's long-term earning potential and responsible credit use—not necessarily their current financial standing. This typically includes individuals who have invested heavily in their training and education but are early in their careers. Some eligible professions include:

Why Professionals Choose the Premier Choice Home Loan Program

Choosing the best mortgage program can have a long-term impact on your monthly payments and savings. Some home loans are meant for general buyers, while others align with  morespecific financial needs. For professionals with demanding careers and complex financial profiles, certain features matter more than others. The Premier Choice Loan Program reflects those priorities.

1. No Mortgage Insurance = Big Savings on Your Mortgage Payment

For many homebuyers, private mortgage insurance (PMI) is an added expense that can cost hundreds of dollars each month. The Premier Choice Loan Program eliminates this cost, freeing up money for more important things—whether that’s upgrading your home, paying down student loans, or boosting your retirement savings.

2. Up to 100% Loan-to-Value (LTV) Financing for your Home Loan

Saving for a down payment is one of the biggest hurdles to homeownership. But with this special mortgage offer, you can purchase a home with 0% down while still skipping mortgage insurance. That means you don’t have to drain your savings to buy a home—you can keep your cash for other financial goals* while securing a mortgage with no extra MI costs.

3. Same Mortgage Rates for Jumbo Loans

If you’re buying in a high-cost area or looking at a larger home, you’ll love this: The Premier Choice Loan Program offers the same competitive rates, even on jumbo home loans. That’s a huge benefit compared to conventional lenders, who typically charge higher interest rates for large loan amounts.

4. Mortgages for Professionals

This program was built specifically for professionals with demanding careers. If you’re a doctor, lawyer, pharmacist, dentist, military officer (O4 and above), or in a similar field, you may qualify. With a minimum credit score of 720, you can access a mortgage that’s tailored to your unique financial situation.

5. Why Settle for a Standard Mortgage?

Traditional home loans weren’t designed with professionals in mind. With the Premier Choice Loan Program, you get a mortgage that works for you—eliminating the hassle of mortgage insurance, minimizing upfront costs, and giving you more buying power with zero down and low rates.

 

Premier Choice Loan Program vs. Conventional Loans

So how does the Premier Choice Program from Academy Bank compare to conventional mortgage programs? Review this side-by-side breakdown:

Let’s Talk About Your Homeownership Goals!

If you’ve been waiting to buy a home because of down payment concerns, you have options! Our mortgage lenders would love to discuss how the Premier Choice Loan Program can make homeownership more accessible.

Connect with a mortgage loan officer to get started!

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