Disclaimer and Calculations
*Must be a member or employee of an approved participating company. The above scenario is for illustration purposes only and is based on a 30-year fixed rate mortgage in Utah; Purchase price of $312,500; Loan Amount of $250,000; 80% LTV; 740 FICO; Conventional Loan Program; Single Family Home; Primary Residence. Your loan scenario will vary. Academy Mortgage to contribute $1,390 lender credit (not to exceed the sum of processing and underwriting fee). Real Estate agents participating in Academy’s Purchase Discount Program may contribute 20% of their commission as a credit towards borrower(s) closing cost (20% of the agent’s 3% commission in above scenario = $1,875). This Purchase Discount offer can only be redeemed if the loan applied for is associated with a purchase transaction and the loan must originate and close with Academy Mortgage Corporation as the lender. Credits will be applied at the time of loan closing. This offer cannot be redeemed in conjunction with any other offer or down payment assistance program. Employees and agents of Academy Mortgage Corporation are not eligible. Employee loan benefits available in 49 of the 50 United Sates and the District of Columbia. Academy Mortgage Corp. is not licensed in the state of New York, an alternative mortgage loan company can be provided upon request. This offer is only available on closed loans with an application date between May 1, 2020 – October 31, 2020.
MAC521-1470125 | Academy Mortgage Corporation | Corp NMLS #3113 | Equal Housing Lender