North Ogden Branch
Welcome to Academy Mortgage!
If you’re looking to buy a home in Ogden, Utah, come in and talk to the experienced professionals at Academy Mortgage to find out what kind of home loan is right for you.
Because Academy Mortgage is part of a national home mortgage company, at the same time, our Ogden branch is locally operated, so when you come in, you will see familiar faces you trust.
You may not know which type of mortgage loan you want — Conventional, FHA, Jumbo, USDA or a Refinancing or Renovation Loan — and that’s OK. We’re the experts — we’ve been in business since 1988, and we use our knowledge and experience to help you.
This type of home loan is usually recommended for seniors who are 62 years old and older who want to tap into their home’s equity. A Reverse Mortgage loan can help retired homeowners pay their monthly expenses by allowing them to choose how they want the proceeds of the loan disbursed.
Many retirees have tens if not hundreds of thousands of dollars invested in their homes but are living on fairly meager monthly Social Security and retirement payments. A Reverse Mortgage can make life easier, and it can even allow you to afford to do the things you’ve always wanted to do, like travel to see your grandchildren, get a more reliable car or make some home improvements.
To find out if you qualify for a Reverse Mortgage, come in and talk to the friendly Team at Academy Mortgage of Ogden. Our mortgage lenders will run the numbers for you and see how we can help.
If you are or have been in the armed services or if you are the surviving spouse of a Veteran, you may qualify for a VA Loan. VA Loans can be extremely advantageous for many reasons.
First, if you qualify for a VA mortgage in Ogden, you will not need to make a down payment. Conventional home loans require you to pay private mortgage insurance if you don’t put down 20%. PMI can add up to hundreds per month, so avoiding this is a huge benefit.
Closing costs are also usually lower with a VA Loan. In expensive areas, closing costs can top $10K, so keeping these costs down is extremely helpful. Further, VA Loans usually have lower interest rates than Conventional Loans. And unlike a USDA Loan, a VA Loan doesn’t require you to live in any specific area.
Check with our Mortgage Loan Officers in Ogden to see if you qualify for a VA Loan.
There are many beautiful homes in Ogden, Utah, that are above the limit for traditional financing options. For these homes, you can apply for a jumbo mortgage.
The limit, set by the Federal Housing Finance Agency, is $510,400 across most of the U.S. But if you’ve been home shopping in Ogden, you know there are homes that exceed this price.
How can you qualify for a jumbo mortgage in Ogden? Borrowers must have a higher credit score than is necessary for a smaller loan amount. You also must have a lower than usual debt-to-income ratio. And lastly, with a jumbo mortgage, the minimum down payment is 10%.
Trust Academy Mortgage of Ogden
At Academy Mortgage, we ask the right questions so that we can match you with the home loan for you. Our mortgage company locally handles all the processing, underwriting, closing doc prep and funding of your loan so you can close quickly, and with confidence. Contact our mortgage lenders today and get the home of your dreams tomorrow.
We invite you to put us to the test. Let us show you how simple and easy securing a mortgage can be in North Ogden.
Cheltsea BessLoan Officer AssistantNMLS #2021085State Lic UT #12226747
Julie HinckLoan OfficerNMLS #1521606State Lic UT #8710568