Flagstaff

2076 South Woodlands Village Blvd Suite 201
Flagstaff, AZ 86001
Local: (928) 226-6908
Fax: (928) 226-0403

Payment Calculator
$
Yrs.
%
Calculate
$

Serving Flagstaff and the surrounding areas, we have over 20 years in the Mortgage Lending industry.

Whether you need help with financing for your first home or you're one of our area's many vacation or investment property owners, we can help. Academy Mortgage offers a wide range of loan programs to fit every buyer.

Please call us today to discuss your current mortgage and your future mortgage goals.

OUR TEAM

ARTICLES

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

Corp Lic: CA: 4170013; AZ: BK-0904081;

Licensed by the Department of Business Oversight Under the California Residential Mortgage Lending Act;

Green homes appeal to today's buyers

Many of today's homebuyers want energy-efficient homes when they're searching for property. According to the National Association of Home Builders, a recent study showed exactly how critical green features are to buyers.

"This new study is an incredibly useful tool to help builders and remodelers determine not only consumer attitudes towards green homes, but also which green features consumers care most about," said NAHB Chairman Tom Woods, a home builder. "We have seen incredible growth in green and sustainable building over the years, and the results of this survey only further solidify the continued consumer interest in green building, and which attributes matter most these buyers."

Energy efficiency is a key consideration. The survey indicated that 88% of participants considered energy efficiency a top influence during their home purchase decision. In addition, 85% were concerned with lower operating costs.  Approximately 32% of participants associated water, energy and high efficiency with green homes, and only 8% associated solar power, energy and panels with green homes. An emphasis on improved energy efficiency is seemingly more important than solar technology. Therefore, homebuilders and current owners who want to attract buyers don't necessarily need to invest in the most expensive and advanced features, but rather incorporate upgrades that increase overall efficiency in the home. 

Green features increase appeal. According to U.S. News & World Report, there are a plethora of inexpensive upgrades that can increase energy efficiency and ultimately save homeowners a substantial sum of money. Low-flow water features reduce water consumption and can save as much as $145 annually. This upgrade is affordable, and the return on investment makes it worthwhile. 

A programmable thermostat is another effective and economical upgrade that interested homebuyers will appreciate. These devices can save homeowners as much as $150 annually on energy bills, making them an especially appealing investment for those looking to attract buyers. 

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

×

Mortgage applications decrease

After a robust summer of housing activity, August saw a decline in mortgage applications, according to the Mortgage Bankers Association's most recent Builder Application Survey. This dip simply reflects the historical pattern that fall is typically a slower season for real estate. This may provide a chance for interested homebuyers seeking more affordable housing to take advantage of lower demand.  

Applications for home loans slides in August. The survey indicated a 6% decrease in total applications from the previous month, but this does not indicate the real estate market is weakening. The seasonally adjusted estimate for August is only 1.9% below July's pace. 

"As the summer winds down, mortgage applications for new homes saw a seasonally-driven decrease in August," said Lynn Fisher, the MBA's vice president of research and economics.

Fisher added that U.S. home mortgage applications were up 19% when compared on a year-over-year basis. This is consistent with the improvement seen in 2015. 

In addition, the improving job situation continues to bolster the housing market, and this bodes well for the future of U.S. real estate. 

Signs of industry growth continue. The MBA indicated delinquency rates for multifamily as well as commercial mortgage loans have steadily declined in the second quarter. 

Jamie Woodwell, the MBA's vice president in the research and economics group, indicated the decreases in delinquency rates suggest financing is adequately available, and loan performance is improving. 

"Commercial and multifamily mortgage delinquency rates were down broadly in the second quarter, with highlights including the lowest 90+ day delinquency rate on bank-held multifamily loans since the series began in 1993, and 60+ day delinquency rates below 0.06 percent for loans held by life companies, Fannie Mae and Freddie Mac," added Woodwell. 

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

×

Existing-home sales decrease slightly in August

After a busy summer, housing activity has begun to slow down. According to the National Association of Realtors, existing-home sales decreased slightly in August. Despite the dip, the real estate industry remains strong. 

"Sales activity was down in many parts of the country last month - especially in the South and West - as the persistent summer theme of tight inventory levels likely deterred some buyers," said the NAR's Chief Economist Lawrence Yun. "The good news for the housing market is that price appreciation the last two months has started to moderate from the unhealthier rate of growth seen earlier this year."

Existing-home sales remain higher on a year-over-year basis. Despite the drop in completed transactions, the total number of sales is actually 6.2 percent higher than the total seen a year ago at this time. 

In addition, the dip in sales follows three consecutive months of gains. This indicates the housing market is experiencing healthy growth, and therefore the seasonal decline should not cause alarm. 

High demand drives high prices. As the economy improves and more individuals feel confident in their personal finances, more people are deciding to apply for a U.S. home mortgage and invest in real estate. The heightened demand also increases the value of homes, and according to the Federal Housing Finance Agency, U.S. home prices appreciated 1.2 percent in the second quarter when compared on a quarter-over-quarter basis, and 5.4 percent year over year. More expensive homes make buying property more difficult for some interested buyers. 

"With sales and overall demand higher than a year ago and supply mostly unchanged, low inventories will likely continue to limit options for those looking to buy this fall even with the overall pool of buyers shrinking because of seasonal factors," noted Yun.

Drop in demand may spark better affordability. While demand remains high and inventory low, fall's reduced housing activity may provide some interested homebuyers with a unique opportunity to find a more affordable dream home. Prices may slide and the chances of entering a bidding war are diminished when demand decreases. 

This is especially good news for the rising number of first-time homebuyers who entered the market in August. Many of these shoppers are younger adults carrying student loan debt, and they will benefit from lower demand and affordable home values. 

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

×