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  Academy Home Mortgage

Academy Home Mortgage

in Home Purchase Mortgages from Academy Mortgage · NMLS ID #3113

Unaffiliated

Academy Home Mortgage

Unaffiliated

in Home Purchase Mortgages from Academy Mortgage · NMLS ID #3113

Net Recommendation Score +100

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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Highlights
Community Rating

Rating not yet determined  

Loan Amount Up to $3,000,000
Loan Term (Years) N/A
Credit Score Range N/A

Academy Home Mortgage Review

Academy Home Mortgage is offered by Academy Mortgage (NMLS #3113), a direct lender founded in 1988 and based in Sandy, UT. Academy Home Mortgage is available in 50 states (and Washington, DC).

Key Takeaways
  • 4 different mortgage programs offered. Academy Home Mortgage offers FHA, FHA 203k, USDA, VA, conforming, and conventional mortgages.
  • Specializes in multi-family properties. Only offers mortgages for multi-family properties, but not for single-family homes or manufactured homes.
  • Standard interest rates types. Academy Home Mortgage offers and fixed-rate mortgages.
  • Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
Academy Home Mortgage Pros & Cons
Pros Cons
  • Available in all 50 states.
  • Charges an origination fee.
  • Charges prepayment fees.
Academy Mortgage FAQ

How much can you borrow via Academy Mortgage?

Academy Mortgage allows borrowers to apply for loan amounts of up to $3,000,000. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose.

What mortgage rates does Academy Mortgage offer?

Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.

Academy Mortgage offers home loans with APRs starting at 4.432% .

Does Academy Mortgage charge an application fee?

Do they charge mortgage origination fees?

Yes, Academy Mortgage may charge a loan origination fee.

What mortgage programs are available?

Besides conventional mortgages, Academy Mortgage offers the following mortgage types:

  • FHA loans: FHA loans are mortgages insured by the FHA. They offer competitive mortgage rates and have less stringent eligibility requirements. However, borrowers must pay a mortgage insurance premium. For instance, you can apply for an FHA loan with a credit score as low as 580. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
  • FHA 203k: An FHA mortgage you can also use to finance home improvements.

What property usage types does Academy Mortgage allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Academy Mortgage allows the following property usage types: 

  • Primary home
  • Secondary homes and vacation properties

What is the customer service phone number?

The customer service number for this business card is (800) 660-8664.

How do people rate the customer service and user experience?

Overall, this business credit card is strongly recommended based on community reviews that rate customer service and user experience.

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Other Services by Academy Mortgage

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Intended Use
  • Primary Home
  • Secondary Home
Primary Residence
APR Starting at 4.432%
Loan Amount Up to $3,000,000
Interest Rate Types Offered N/A
Mortgage Programs
  • FHA
  • FHA 203k
  • USDA
  • VA
Terms 10, 15, 20, 25, 30

Academy Home Mortgage Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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