Boca Raton

1699 S Federal Highway Suite 300
Boca Raton, FL 33432
Local: (561) 948-3838
Fax: (866) 474-5227

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Welcome to Academy Mortgage!

It’s all about service at Academy Mortgage - Boca Raton, and our company has been meeting the needs of homebuyers across the United States since 1988. We understand how important a home investment is to you and the impact it will have on your life. Therefore, our team of experienced mortgage professionals will make every effort to find the best loan program and pricing for your situation.

Our sole focus is on you—the customer—and you can count on us for exceptional service. A big part of this service experience is that every step of the mortgage loan transaction—processing, underwriting, closing, and funding—is handled locally, which results in our proven track record of closing loans as quickly and efficiently as possible.

We invite you to put us to the test. Let us show you how simple and easy securing a mortgage can be in Florida.

OUR TEAM

Corp Lic: FL: MLD241; GA: 20505; AR: 3113; IL: MB.6760661;

Georgia Residential Mortgage Licensee; www.nmlsconsumeraccess.org;

Zillow and Trulia merger may inspire a new future for real estate

Zillow recently acquired Trulia, and the merger has continued to strengthen. According to a press release from Zillow Group, the new company's rental network added Trulia.

Zillow Group's rental network becomes largest on the Internet. With the recent addition of Trulia to its rental network, Zillow Group now can provide consumers with the most extensive selection of rental options. As a result, landlords and individuals who market properties will also have access to this information. In addition to Zillow's traffic, Trulia's addition of 55 million visitors every month will surely provide valuable insight.

"We are incredibly pleased with how quickly we've been able to bring Trulia into the Zillow Rental Network," said Zillow Group's chief revenue officer, Greg Schwartz. "Adding Trulia to the Zillow Rental Network brings new opportunities to our multifamily partners and landlords, giving them exposure to a much larger audience while providing a more streamlined customer service experience. Rental shoppers will continue to benefit from two very large and diverse rental sites."

As Trulia and Zillow continue to transition and become Zillow Group, there might be some notable changes in the real estate industry.

Further alterations resulting from the Zillow-Trulia merger may impact the future of real estate. According to Inman, the partnership between the two companies may lead to some individuals starting their own online real estate companies. A few new online housing sites, such as Opendoor, have developed since the merger.

The future of the housing market may see a number of new options available for individuals who recently became interested in purchasing a house and decided to apply for a U.S. home mortgage, as former employees of Trulia and Zillow try to develop new companies.

In addition, new rivalries may inspire more development in the world of online real estate. As new players step up to the plate, healthy competition can help bolster improvements and breakthroughs among online housing and property tools and ultimately tailor the industry toward younger adults who prefer mobility and convenience. Enhancing the mobile or online experience of viewing homes may pique the interest of millennials who represent the pent-up demand of potential first-time homebuyers. 

Academy Mortgage is one of the top independent purchase lenders in the country as ranked in the 2014 CoreLogic Marketrac Report. Visit www.academymortgage.com to find a loan, get a rate or calculate your payment today.

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Improving employment and plans for future growth may spur a stronger housing market

A stronger economic situation and further job growth may contribute to an improving housing market. A press release from the White House indicated that President Barack Obama and his administration announced the TechHire initiative, which intends to help more U.S. citizens afford and receive training for jobs with more substantial salaries. Partnered with a strengthening U.S. dollar, the initiative may make purchasing a home more appealing to potential homeowners.

President Obama announces plan to help citizens improve their salaries. The White House announced the TechHire initiative March 9. The effort aims to provide all Americans with access to quality training and education for technology jobs. Consumers can find more than half a million employment opportunities available within the technology industry.

In addition, a number of cities across the nation are partnering with the initiative to help improve people's access to technology jobs. Some of these include:

In addition to the efforts put forth to increase higher-quality and more rewarding jobs, current job growth has been impressive.

February's employment situation suggested a stronger job economy. According to the Bureau of Labor Statistics, the unemployment rate fell and the volume of nonfarm payroll employment ticked up in February. February's unemployment rate decreased to 5.5%, and employers added 295,000 new nonfarm payroll jobs.

In addition, all employees earning an hourly wage saw a 2% increase in their year-over-year pay, on average.

Job growth occurred in a number of different industries. Food and drink service employment increased by 59,000 positions, and professional and business services jumped up 51,000 jobs. In addition, jobs available within the construction sector increased. This sector experienced 29,000 new employment opportunities. A majority of the new jobs are within the residential construction industry. This may also indicate a heightened demand for new houses.

Improved financial situations for families may spur housing market growth. With a new plan to help Americans land well-paying jobs and a strong job economy in February, more individuals may decide to apply for a conventional home mortgage and look for a new house. A high volume of pent-up housing demand among boomerang buyers and young adults who previously had a difficult time finding a job, an improved employment situation and promising future economic prospects may encourage a number of individuals to enter the housing market and strengthen its recovery.

Academy Mortgage is one of the top independent purchase lenders in the country as ranked in the 2014 CoreLogic Marketrac Report. Visit www.academymortgage.com to find a loan, get a rate or calculate your payment today.

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Serious delinquency rates for mortgages tumble again

The number of mortgages with serious delinquencies decreased notably in January, government-sponsored lender Fannie Mae reported. The delinquency rate is based on the amount of loans on which borrowers are not keeping up with payments.

Serious delinquency rate fell to lowest level since September 2008. According to Fannie Mae, the volume of U.S. home mortgages that were not paid regularly fell to 1.86% in January, which is 0.03 percentage points lower than December 2014 and down from 2.33% in January 2014.

Freddie Mac, another government-sponsored operation, released a report the week ending Feb. 27, which also revealed a drop in single-family serious delinquency.

Rates drawing closer to normal numbers. Calculated Risk Finance & Economics indicated that the typical rate of serious delinquency among home loans is lower than 1%. The rate could return to normalcy by the end of 2016.

A more promising economy and employment growth may help lower the risk of home loans becoming too difficult to pay off. As greater job security and opportunities arise for current homeowners, serious delinquency rates may continue to fall to more typical levels.

Academy Mortgage is one of the top independent purchase lenders in the country as ranked in the 2014 CoreLogic Marketrac Report. Visit www.academymortgage.com to find a loan, get a rate or calculate your payment today.

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