Academy Mortgage Refinance
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| Community Rating | Strongly recommended |
| Loan Amount | Up to $3,000,000 |
| Loan Term (Years) | 10 - 30 years |
| Number of Reviews | 10 |
Academy Mortgage Refinance Review
Academy Mortgage Refinance is offered by Academy Mortgage (NMLS #3113), a direct lender founded in 1988 and based in Sandy, UT. Academy Mortgage Refinance are available in 49 states (and Washington, DC).
Key Takeaways
- 4 different mortgage programs offered. Academy Mortgage Refinance refinances 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.
- Non-standard interest rates available. Academy Mortgage Refinance offers hybrid mortgages, and fixed-rate mortgages.
- Considers personal use and investment properties. Refinancing available for primary homes, vacation homes, and even investment homes, such as rental properties.
- Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
Academy Mortgage Refinance Pros & Cons
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Academy Mortgage Refinance FAQ
What is the maximum loan term for a mortgage refinance via Academy Mortgage?
The term of a mortgage refinance will impact the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. Academy Mortgage Refinance offers mortgage refinancing with terms ranging from 10 to 30 years.
How long does Academy Mortgage take to refinance?
Generally, it takes Academy Mortgage around day to complete a refinance. Of course, this is just an estimate. The exact time will vary depending on the lender and the market.
Does Academy Mortgage charge a mortgage origination fee?
Yes, Academy Mortgage Refinance will charge a loan origination fee.
What mortgage programs does Academy Mortgage offer?
Academy Mortgage Refinance offers the following mortgage types:
- Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
- FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. 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.
- USDA: A zero down payment mortgage loan with low rates for suburban and rural homebuyers.
- VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.
What property usage types does Academy Mortgage allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Academy Mortgage Refinance allows the following property usage types:
- Primary home
- Secondary homes and vacation properties
Contact
- Headquarters
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1220 E 7800 S
Sandy, UT 84094 USA - (800) 660-8664
- Visit Site
- Email Support
Other Services by Academy Mortgage
Availability
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- Washington, DC
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
- Maryland
- Maine
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- North Carolina
- North Dakota
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- Nevada
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
Feature Breakdown
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Academy Mortgage Refinance Community Reviews
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