Charleston West Virginia

Academy Mortgage Is Your Best Choice for a Home Loan in Charleston

Traditionally, shopping for a new home has always been more fun than applying for the home loan you need to buy it. But Academy Mortgage of Charleston aims to change that. Our home loan application process is so easy and smooth, you’ll wonder why you didn’t do it years ago.

Sometimes, the paperwork associated with applying for a home loan can seem overwhelming to homebuyers. But our mortgage loan lenders make it simple. We explain what needs to be done every step of the way, so you never feel confused, worried, or stressed.

Our customers love that they can get the benefit of working with a nationwide mortgage company that still offers friendly, localized service and access to competitive interest rates. Charleston borrowers appreciate our locally staffed office, where they can come in anytime and speak to a member of our team.

We’re here to help Charleston residents realize the American Dream of homeownership. Come talk to us today about applying for a mortgage in Charleston.

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Home Loan Options in Charleston

To those who aren’t well-versed in mortgages, the options for home loans in Charleston can seem dizzying. It’s hard to tell which one is right for you, or which ones you may be eligible for. That’s what our team at Academy Mortgage is for—to help you explore your many options for affordable home loans.

We offer up to a dozen home loan programs for Charleston residents, and we explain each one to you carefully so you can make the right decision for your financial situation.

Fixed-Rate & Adjustable-Rate Mortgages

The type of interest rate you get on your home loan is important. Find out the costs and benefits of Fixed-Rate and Variable-Rate Mortgages from our mortgage loan lenders.

FHA Loans

If you have a less-than-perfect credit score, an FHA Loan in Charleston may be for you. These mortgages are easier to qualify for and require only 3.5-percent down.

State Housing Agency Loans and DPA Programs

Low-income borrowers can benefit from down payment assistance and other perks associated with these mortgage programs in Charleston. Talk to our mortgage company today to see if you’re eligible to apply.

USDA Loans

Charleston offers many opportunities for buyers to apply for USDA Home Loans in rural and suburban areas. USDA Loans offer zero down and low interest rates to qualified applicants.

Conventional Mortgages

Charleston residents with good credit and funds for a 3-percent minimum down payment will want to consider a Conventional Mortgage. These popular home loans offer competitive interest rates.

VA Loans

If you’re a veteran or a surviving spouse, you may be eligible for a VA Loan in Charleston. With VA Home Loans, you can put zero down, and there is no mortgage insurance.

Renovation Loans

Help increase your home’s value with a Renovation Loan. Unlike a HELOC or home equity loan, these home loans don’t require you to use your Charleston home as collateral.

Refinance Loans

Mortgage refinancing in Charleston may save you money over the life of your loan. Ask the mortgage loan lenders at Academy Mortgage about how mortgage refinancing could benefit you.

Jumbo Mortgages

When you’re considering a luxury home in Charleston, you may need a Jumbo Mortgage. These home loans help fund more expensive properties.

Reverse Mortgages

Homeowners 62 and older can apply for a Reverse Mortgage in Charleston. With these home loans, you get paid every month instead of having to pay on your mortgage. Request an assessment to see if a Reverse Mortgage is right for you.

First-Time Homebuyer Loans

First-time homebuyers in Charleston may be eligible for special perks, such as assistance with down payments and closing costs. You might be able to get these perks even if you’ve previously owned a home.

Mortgage Refinancing in Charleston

Choosing to refinance your mortgage on your Charleston home could save you thousands. However, the success of mortgage refinancing hinges on getting the timing right.

Many Charleston homeowners opt for mortgage refinancing when interest rates drop. Broadly speaking, if the interest rate is at least 1 percent lower than your current rate, it’s usually worth it to refinance.

When you make the decision to refinance your home, you may also opt to change the terms of your loan. If you’ve been paying on a 30-year loan for a number of years, and you refinance to a new 30-year loan, your monthly payment will likely be lower.

On the other hand, if you shorten the term of your loan, your payments will probably be higher, but because you’ll make them for a shorter time, you’re likely to save money on interest.

Another reason Charleston homeowners choose mortgage refinancing is to change from an Adjustable-Rate Mortgage (ARM) to a Fixed-Rate Mortgage. Getting an ARM as your initial home loan can save you money, but after the introductory period is over, your mortgage interest rate becomes variable, which may leave you with potentially higher payments.

Why Choose Us?

Academy Mortgage handles your home loan—including underwriting and funding—right here in Charleston, and that helps you get approved faster. Working with a local mortgage company has its advantages, and speedy processing is one of them.

Start down the path toward homeownership in Charleston. Choose the friendly mortgage lenders at Academy Mortgage.

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