Coeur d'Alene Branch

608 Northwest Blvd.
Suite 101
Coeur D Alene, ID 83814

Welcome to Academy Mortgage!

Looking to buy a home in Coeur d’Alene, Idaho? Rely on the experienced mortgage lenders at Academy Mortgage to help you get a great home mortgage loan.

Shopping for a new house is exciting and fun, but it also can be stressful. You worry about so many things — whether the house is sound and in good repair, if the neighborhood is safe and if you family will be happy there. You don’t want to have to worry about whether you can afford it, too. Leave that to us!

The Academy Mortgage team in Coeur d’Alene has your interests at heart. We want you to be happy in your new home! And you won’t be happy if you’re not happy with your home loan.

The loan officers here at Academy Mortgage have over 30 years of experience, and we put that experience to work for you as soon as you sit down with us. We get the typical information from you such as your credit score, income, savings and any debt you may have. Then we get to work looking at which home loan fits your situation.

If you haven’t been able to save much for a down payment, we may be able to get you a home loan that does not require a down payment, or one that offers assistance in this area. Other types of home loans can offer help with the closing costs or fees.

We also push your application process through quickly — you don’t have to worry about any holdups with mortgage brokers, banks or anyone else. We do it all, including mortgage refinancing, in-house.

Are you ready to learn more about how our mortgage lenders can help you achieve your dream of homeownership? Call or come in to Academy Mortgage in Coeur d’Alene today.

Home Loans:

The experienced team at Academy Mortgage can help you find a great home loan for you when you’re looking to buy at house in Coeur d’Alene, Idaho. Shopping for a home loan can be overwhelming; rely on the experts at Academy Mortgage to put their skills and know-how to good use for you. Call or come in today.

Mortgage Refinancing:

Regardless of when you got your original home loan, mortgage refinancing may help you save money. Whether you’re looking to take advantage of a lower interest rate, shorten or lengthen your mortgage term or lower your monthly payments, Academy Mortgage in Coeur d’Alene can help you. Contact us to find out how.

Home loans

Potential homebuyers in Coeur d’Alene, Idaho, turn to the professionals at Academy Mortgage when they need a home loan.
Owning your own home is part of the American dream, but it can be increasingly difficult to realize for some families. Whether it’s due to college debt, mounting expenses or a career in a low-paying field, it can be difficult for singles and even couples to save enough money to afford their own home.

But the mortgage lenders at Academy Mortgage are here to help.

Home Loans: How They Work

The first thing we do when customers inquire about home loans in Coeur d’Alene is to look at their financial situation. This includes credit score, savings, income, debt-to-income ratio and more.

Once we determine what you can afford, we talk to you about your comfort level with the varying types of home loans that are available to you. Some homebuyers are more accepting of risk than others. Your feelings matter when it comes to the type of mortgage you get.

Most homeowners get a fixed-rate mortgage. You may be able to save money with an adjustable-rate mortgage (ARM), but you have to be comfortable with some uncertainty, since your monthly payments can increase if interest rates go up.

You also want to look at mortgage terms. Shorter terms save money in interest, but the monthly payments are higher, so these loans can be unaffordable for many.

We also may be able to get you a home loan with a low-down payment, or no down payment at all. Other home loans can provide help with closing costs and fees.

These are all tips and tricks we have learned during our 30-plus years in the mortgage industry. Our goal is to get you into the home that you want, and we work hard to find a way to do it.

We’re a Local Mortgage Lender

Because Academy Mortgage is one of the biggest mortgage lenders in the U.S., we can offer you excellent loan programs at great rates. At the same time, we offer truly personal service at our local branch. The Coeur d’Alene loan officers are local Idaho residents; our customers see us on the golf course or at the mall or the dog park. Anytime you want to discuss your mortgage or ask a question, you can come in and talk to us — you don’t have to call and listen to menu options. We’re right here.

Because we’re a big mortgage lender with local ties, we’re able to complete the home loan approval process as quickly and as pain free as possible. From processing and underwriting to closing and funding, we do it all onsite — no mortgage brokers to deal with, no hassles and no delays.

Come to Academy Mortgage in Coeur d’Alene to find out more about how we can help you get a great home loan for you.

Mortgage refinancing

When homeowners in Coeur d’Alene, Idaho, want mortgage refinancing, they look to the experienced professional team at Academy Mortgage for help.

Homeowners seek mortgage refinancing for a variety of reasons, but the most common one is to take advantage of a lower interest rate.
Mortgage interest rates naturally rise and fall with the market over the years. Mortgage interest rates are at a historic low, so now could be the perfect time to refinance!

You may read that the rule of thumb is to get mortgage refinancing if the current rate is at least 1% lower than the rate you have. This is, by and large, useful information, but there are many other factors to consider.

Mortgage Refinancing: The Details

Generally, you must pay closing costs with mortgage refinancing, the same way you did when you bought your home. You may also have to pay for a new appraisal. These costs can add up, and that’s why some experts say you won’t save money unless the interest rate is 1% lower.
But you may be able to get a mortgage refinancing solution that waives closing costs or appraisals. You also must consider the size of your home loan. After all, 1% of $100,000 is a lot less than 1% of $1 million.

Adjusting Mortgage Terms

Another reason homeowners want to refinance is to change their method of paying interest. Most homeowners get a fixed-rate mortgage. That means the rate stays the same for the life of the loan unless the homeowner seeks to change it. If you lock in a low rate, you can save substantially.

Some homeowners seek refinancing to change the terms of their loan. They may have originally selected a longer term because the monthly payments were more affordable, but now their income has grown, and they can afford to pay off the loan quicker.

Academy Mortgage: Your Local Mortgage Lender

As you can see, a lot goes into a mortgage refinancing loan. Trust our highly trained professionals and use our 30-plus years of experience to your advantage. Our customers love us because we’re local and accessible, but they also appreciate us because we’re part of one of the largest mortgage companies in the country. We get the deal done.

Call or come into Academy Mortgage in Coeur d’Alene today, and find out how mortgage refinancing can help you.