Reading Branch

Welcome to Academy Mortgage!

Academy Mortgage — Reading, Massachusetts

When you’re shopping for a home in Reading, Massachusetts — a town rich in Colonial history — you want a mortgage company that knows the territory and can help you navigate the process. Academy Mortgage is a top choice among local homebuyers because they appreciate our know-how, and they love our friendly faces!

Put Our Experience and Training to Work for You

Experience is important in a mortgage company, and Academy Mortgage has more than 30 years of it under their belt. That’s what makes our customers have confidence in us — they know we’re a hard-working, proven lending group.

If there’s one thing our experience tells us, however, is that there’s more to serving our customers than our number of years in the business. In order to stay relevant and on top in our field, we have to devote time and effort to ongoing training and continuing education. It’s one reason we always have one of the most innovative mortgage-lending tools at our disposal to serve our customers.

At Academy Mortgage, we never coast — we’re always pedaling full speed ahead.

Integrity in Mortgage Lending

Among the milestones we mark in our lives is our first home purchase. Homes are big investments, and that’s why it’s critical to partner with a mortgage company you trust.

When you come to see our team about a home loan, we ask you the usual questions about income, credit score, debt and so on. But we also ask you other questions about your comfort level with risk and your approach to finances. This helps us determine what type of home loan to match you with and what is most suitable for your situation.

We’re a National and Local Lender

Here at Academy Mortgage of Reading, we’re able to offer our clients both worlds, which is a benefit to them when it comes to quality personal service. Because we are part of a large, national firm, we have more financial power and a greater ability to offer you excellent mortgage solutions at competitive rates.

But our status as the local chapter of Academy Mortgage means our team is staffed with friendly, local faces. You can come in anytime to talk to us about your mortgage, or to ask questions about applying for a mortgage. You don’t have to call an 800 number and wait on hold to talk to a stranger. We’re here for you.

Cutting Out the Middleman

We’re pretty fast about pushing your mortgage application through. That’s because we cut out the middleman — no mortgage broker, no time spent waiting for signatures. We do it all in-house, from processing and underwriting to closing document prep and funding. That means you get the keys to your new home quickly, and you cut down on stress and wasted time.

Academy Mortgage of Reading, MA

When you’re ready to start home shopping, come see the friendly experts at Academy Mortgage in Reading. We’ll find a great home loan for you, so you can finally start on the path to homeownership!

In today’s high-stress world, we’re looking for faster, simpler solutions at every turn. That’s just what we offer at Academy Mortgage — a home loan process that’s so easy you’ll wish you did it years ago!

You may have been putting off applying for a home loan because you are worried that as a low-income earner, you may not qualify. But our mortgage experts can assure you that you are by no means automatically disqualified as a homebuyer simply because your income is low. In fact, there are many home loan programs out there earmarked just for low-income earners. We can help you find them.

If your income is stable but a conventional loan isn’t enough to cover the cost of the home you want to buy, talk to our mortgage lenders about a jumbo loan. These oversized loans are perfect for funding the purchase upscale homes.

Nothing should stop you from achieving your dream of homeownership. Whatever excuses you have been making to put off applying for a home loan, make a promise to yourself this is the year you’re going to stop paying rent every month and finally take the plunge. The professional team at Academy Mortgage of Reading can show you how.

Mortgage Program Summary

You are probably not aware of the dizzying array home loan options available to potential homebuyers today. But that’s OK — you don’t have to be because that’s our job at Academy Mortgage!

We’re the experts on all types of home loans, from conventional mortgages to VA loans and jumbo mortgages to USDA loans. We will match you with the right home loan option for you.

Loan excerpts

1. First-Time Homebuyers
First-time homebuyers in Reading can apply for home-loan programs designed just for them! Talk to our expert lenders to find out if you qualify for 0 down.
2. Fixed-Rate and Adjustable-Rate Mortgages
Should you get a fixed-rate or an adjustable-rate mortgage? The trained professionals in our Reading office can go over your options with you. Call today to learn more!
3. FHA Loans
Federal Housing Administration Loans are set aside just for low-income homebuyers. Contact the friendly team in our office today to find out how to get an FHA loan in Reading!
4. State Housing Agency Loans and DPA Programs
State Housing Finance Agency Loans and Down Payment Assistance programs were created to help low-income individuals and families secure home loans. Ask us if you qualify for one of these programs.
5. USDA Loans
Do you dream of living out in the country? The U.S. Department of Agriculture offers loans to low-income homebuyers willing to live in a rural area. Call our Reading office for more info.
6. Conventional Mortgages
Homebuyers who have good credit scores and money saved up for a down payment may qualify for a conventional mortgage. Ask our lenders in Reading for more info.
7. VA Loans
The Veterans Administration provides 0-down home loans to veterans as well as surviving spouses of veterans. Call the mortgage lenders in our Reading office to see if you qualify.
8. Renovation Loans
If you want to put on an addition, add a bathroom, finish your basement or complete another big remodeling project, talk to our mortgage lenders in Reading about a renovation loan.
9. Refinance Loans
Mortgage refinancing can help you save money on your home loan. Contact our Reading mortgage lenders to see if now is the right time for you to refinance.
10. Jumbo Mortgages
Do you have your eye on a stunning home in Reading? When a conventional loan is inadequate to cover the cost, ask our mortgage lenders about a jumbo mortgage.
11. Reverse Mortgages
Homeowners 62 and older may qualify for a reverse mortgage. Talk to our team in Reading about tapping the equity in your home to fund your retirement.

Mortgage Refinancing

Many homeowners opt for mortgage refinancing as a way to save money on their home loan. It’s a good strategy, but you have to move on it at the right time.

The most common reason propelling homeowners to seek mortgage refinancing is a drop in interest rates. When interest rates fall at least a percentage point lower than they were when you took out your loan originally, you may be able to save money by refinancing.

The lower interest rate saves you money over the life of the loan, but if you increase the term, you may get substantially lower payments as well. On the other hand, if your financial position has improved, you may opt to shorten the term of your loan. Your monthly payments will likely be larger, but you’ll be done paying on your home loan sooner, and that will save money on interest.

When you refinance, you sometimes have the option to receive cash back. You can use that cash to pay down debt, take a vacation or fund a remodeling project another expense.

You also may be able to switch from an adjustable-rate mortgage to a fixed-rate mortgage when you refinance. An ARM is dependent on the rise and fall of interest rates, so it’s hard to determine how much you would save with this move, if anything, but you would stabilize your monthly payments.

Mortgage refinancing is often an astute move, but it’s not always the case. That’s why it’s important to work with a mortgage company you can trust. Rely on Academy Mortgage of Reading, Massachusetts, to help you with mortgage refinancing.

Why Choose Us?

Our customers love us because they know we’re here for them whenever they need us. When you work with Academy Mortgage, you know you can come into our office anytime and see a familiar friendly face. You might see us around town in the grocery store or tavern — say hi! We’re members of the local community, but we’re also part of a larger, national network of lenders, which allows us to offer a variety of loan products and competitive rates. Call or stop by Academy Mortgage today and find out how we can help get you into the home of your dreams!