Designed for borrowers requiring loan amounts in excess of $510,400 to purchase or refinance a residential property. Qualification requirements for income, credit history and assets may be higher than traditional conventional loans. Fixed and adjustable rate loan options are available. Loan amounts up to $3,000,000.


What You Need to Know

A Jumbo loan allows borrowers purchasing higher priced homes to not drain their savings by allowing loan amounts in excess of $510,400. Jumbo loans may require a 20% down payment and good or excellent credit history.

Academy Bank's Mortgage Bankers are very seasoned and knowledgeable on the complicated financial needs of Jumbo borrowers.