Brownsville

302 Lorenaly Drive Suite A
Brownsville, TX 78526
Local: (956) 203-0967
Fax: (956) 246-4425

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Welcome to Academy Mortgage!

It’s all about service at Academy Mortgage Brownsville, 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 Texas.

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ARTICLES

Read these articles to educate yourself on the mortgage process and industry.

Corp Lic: TX: 3113;

Figure: 7 TAC §81.200(c) CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT'S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT'S WEBSITE AT WWW.SML.TEXAS.GOV.;

Pending home sales increase in February

Housing market activity may blossom as spring continues. According to the National Association of Realtors, a large trade association, the volume of pending home sales for February increased notably.

The pending home sales index suggests good things to come for real estate. An impressive number of individuals have qualified for a U.S. home mortgage and are beginning the process of purchasing real estate. Based on the number of contract signings for the sales of condos, co-ops and single-family homes, the index increased 3.1% during February from the previous month and rose 12% on a year-over-year basis.

The number of pending home sales has not reached this impressive volume since June 2013.

"Pending sales showed solid gains last month, driven by a steadily improving labor market, mortgage rates hovering around 4% and the likelihood of more renters looking to hedge against increasing rents," said Lawrence Yun, NAR's chief economist. "These factors bode well for the prospect of an uptick in sales in coming months."

Reuters noted that the increase in pending sales could mean that the housing market is improving drastically. Contract signings turn into completed sales within a couple of months. A rising interest in purchasing homes is evident based on the NAR's data.

NAR has a positive outlook for 2015. An improving housing market is also supported by a strong economy. According to the NAR's U.S. Economic Outlook for April 2015, the company expects unemployment to drop during the second quarter of 2015. The NAR anticipates that single-family home sales will jump to 540,000 and existing-home sales will increase to 5.24 million.

Historically low interest rates, a variety of affordable loan options and increasing rental rates may also contribute to a more robust housing market during the rest of 2015.

First-time homebuyers influence the health of the market. Whether young adults decide to invest in homes instead of renting largely determines the success or failure of the real estate market. By becoming buyers and increasing activity in the market, potential first-time homebuyers can strengthen housing in the U.S. While low down payment options and more attainable home loans may entice a younger buyer, inventory is another crucial factor that may determine whether millennials decide to buy. 

"The return of first-time buyers this year will depend on how quickly inventory shows up in the market," said Yun.

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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Housing price increases slow

Housing prices indicate a healthy future for real estate. According to the S&P/Case-Shiller 20-city composite home price index for January, some urban regions have improved affordability, while other housing markets are becoming increasingly more expensive. The slowing of price increases bodes well for the health of the housing market. 

House prices fall in San Francisco, Seattle and Washington, D.C. San Francisco home prices saw a decrease of 0.9% on a month-over-month basis in January, according to the report. However, the California city saw a 7.9% gain from the previous year.

Seattle and Washington, D.C., both saw a 0.5% decrease in home prices month over month.

Current index indicates stabilizing housing market. The 20-City composite HPI measures the value of homes in residential areas in 20 of the largest metro regionss in the U.S. According to the data, the index level for January was 172.94.

Home prices rise at a healthier level. The Wall Street Journal noted that the report indicated price increases for homes may contribute to a strong spring and summer for real estate. Economists polled by the publication predict a year-over-year pace that increases to 4.8%.

"The combination of low interest rates and strong consumer confidence based on solid job growth, cheap oil and low inflation continue to support further increases in home prices," said Index Committee's chairman, David M. Blitzer, according to the press release.

This may be evidence that the housing market is stabilizing. The outside factors, such as growing employment opportunities and economic improvement, contributed to a stronger and more stable housing market because more individuals will be more capable of attaining homeownership.

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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Housing market on the road to improvement

The housing market appears to be continuing its impressive improvement. Nationwide's Health of Housing Markets Report for the first quarter of 2015 indicated that the overall housing market is currently at its best state since 2001, the earliest available data for the report.

The prospect of another housing bubble bursts. Nationwide's report suggested that there is no cause for concern that the housing market will turn downward or that a bubble has developed. As an indication of the credibility of the report, Bloomberg Business noted that Nationwide's data was accurate in predicting a housing market crisis was on the horizon as early as 2005.

The latest report indicated a healthy national housing market. The leading index of healthy housing markets, or LIHHM, determines the performance of the national market and 373 local real estate markets. The national LIHHM value was109.8 for the first quarter of 2015. Any index value that is more than 100 indicates strong performance from the housing market on a national level.

Local housing markets demonstrate strength. The report showed the metropolitan statistical areas with the healthiest local markets, as well as those that were the least healthy.

"Regionally, the LIHHM performance rankings show that the majority of metropolitan statistical areas across the country are healthy, with only two in negative territory, indicating that few regional housing markets are vulnerable to a housing downturn in the near term," stated the report. 

Some of the top MSAs included:

Bismark, North Dakota, possessed the lowest rank and Atlantic City-Hammonton, New Jersey, followed closely behind. 

With the release of Nationwide's data, which offers evidence of an improving housing market, more individuals may be encouraged to visit a mortgage company and discuss more available home loan opportunities. More potential homeowners investing in housing may further improve the condition of the U.S. real estate market.

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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