Academy Mortgage Corporation

Academy Mortgage Corporation

Maximum Leverage

Purchase Short-Term (no Value-Add)
Purchase Long-Term
Refinance Short-Term (no Cash Out)
Refinance & Cash Out Short-Term
Refinance Long-Term (DSCR)
Residential Fix & Flip
Residential Rehab & Hold
Multifamily Value-Add
Loan Programs
Property Types and Loan Types
Junior Liens
Junior Lien Loan Amounts
Junior Lien Interest Rates
Origination Fees
Junior Lien Loan-to-Value
We Fund Junior Position Loans
Land Loan
Max LTV for Land
Max LTC for Land Acquisition
Purchase Loan
Max Loan-to-Purchase Price
Borrower Must Have Property Under Contract
Will Provide Proof of Funds Letter
Will Consider Lending on Purchase from Auction
Rehab Value Add Loan
Experience Required
Minimum Number of Value-Add Projects Completed by Borrower
Will Consider Lending on Purchase from Auction
Max LTC for Renovation Costs
Interest Charged for Renovation Costs
Typical Number of Days for Funds Draw
Construction Loan
Development Experience Required
Minimum Number of Ground-Up Construction Projects Completed by Borrower
Max LTC for Ground-Up Construction Costs
Interest Charged for Construction Costs
Will Lend on Partially Completed Construction Projects
Residential Long-Term DSCR Loans (1-4 Units)
Minimum Loan Amount
Maximum Loan Amount
Minimum Interest Rate
Maximum Interest Rate
Minimum Origination Fee
Maximum Origination Fee
Minimum Loan Term
Maximum Loan Term
Minimum Loan-To-Value
Maximum Loan-To-Value
Minimum Property Value
Seasoning Time
Minimum Debt Service Coverage Ratio
Minimum Credit Score
Will lend on vacation homes and short-term rentals
Will Lend on a Portfolio of Properties

Details and Requirements

Maximum Units for Multifamily Properties
Pre Payment Penalty
Deposit Required
Will lend to a foreign national
Will Consider Equity Joint Venture
Personal Guaranty (Recourse) Required
About

Since 1988 Academy Mortgage (NMLS #3113) has provided exceptional service and the best solutions and tools to help individuals and families achieve successful homeownership. Our company is recognized and respected nationwide for our unwavering commitment to responsible lending, especially in today’s rapidly changing economy. We are one of the top independent purchase lenders in the country as ranked in the 2018 CoreLogic Marketrac Report (published January 2019).

As more banks and lenders consolidate operations and service offsite, we have the distinct advantage of being a direct lender–all loan processing, underwriting, closings, and funding are handled locally. As a result, loans close in a matter of days rather than months.

Academy Mortgage is headquartered in Salt Lake City, Utah; has over 250 branches across the country; and is licensed to process loans in 49 states and Washington DC.

Year Established
1988
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Reviews

Team

Jason Oswald
NMLS #34921
2845 E Overland Rd suite 160, Meridian, ID 83642, USA
Mindy Ashdown
NMLS #304388
339 W 13490 S 5th Floor, Draper, UT 84020, USA