Grand Junction

1114 N 1st Street Suite 101
Grand Junction, CO 81501
Local: (970) 208-1301
Fax: (866) 404-8130

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Welcome to Academy Mortgage!

The name is new to Grand Junction, but the faces are not. Five Loan Officers all from here in the Grand Valley under one name that embodies what each Loan Officer stands for. Service. It’s all about service at Academy Mortgage. 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. We serve all of Western Colorado and we can help you with all of your mortgage needs.

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.


Corp Lic: CO: 3113; CA: 4170013;

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

Foreclosure activity decreases in February

The number of foreclosures decreased in February, which signals a healthy and strong housing market. The National Foreclosure Report released by CoreLogic, a leading financial, property, and consumer information and analytics company, indicated a slide in total completed foreclosures as well as all foreclosure activity.

Foreclosures dip in February. The report shows foreclosure activity decreasing by 27.3% when compared to the previous year. Completed foreclosures slid 15.7% on a year-over-year basis.

Nationwide, 39,000 completed foreclosures occurred in February 2015, down from 46,000 completed foreclosures in February 2014.

"The foreclosure inventory dropped year-over-year in all but two states," said Anand Nallathambi, president and CEO of CoreLogic. "The foreclosure rates in judicial foreclosure states are beginning to pick up and remain higher than in non-judicial states. What's encouraging is that fewer Americans are seriously delinquent in paying their mortgages which in turn is reducing the foreclosure inventory across the country as a whole."

Consumer confidence, job growth and a stronger economy may make paying a U.S. home mortgage more manageable for homeowners. According to Gallup's U.S. Economic Confidence Index, consumer confidence has drastically improved since the housing market crisis in 2008. 

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


Mortgage applications rise for the third straight week

The number of individuals who applied for a U.S. home mortgage ticked up again, according to the Mortgage Bankers Association's survey for the week ending April 3. The increase might be due to job growth and continually low mortgage rates.

Mortgage applications jump for the week ending April 3. MBA's survey indicated a 0.4% increase from the previous week.  These results were calculated on a seasonally adjusted basis. The unadjusted increase was 1% when compared to the previous week.

The Purchase Index, a leading indicator of home sales, also rose notably by 7% week over week and 12% year over year.

"Purchase mortgage application volume last week increased to its highest level since July 2013, spurred on by still low mortgage rates and strengthening housing markets," said MBA's Chief Economist Mike Fratantoni. "Purchase volume has increased for three straight weeks now on a seasonally adjusted basis."

The volume of loans supported by the Federal Housing Administration rose to 13.2% and Veteran Affairs loans jumped to 10.7% of all applications. Loans through the U.S. Department of Agriculture remained the same, representing 0.8% of total home mortgage applications.

Refinancing slid to 57 percent from 60 percent the previous week.

Low mortgage rates and job growth encourage the market. The Mortgage Reports noted rates continue to remain low. In addition, while employment growth fell short of what was anticipated, it still showed an increase in total jobs.

These circumstances likely lead to individuals feeling better situated and more confident in making the decision to enter the housing market.

More housing activity continues to bolster the market and stimulate growth. 

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


Freddie Mac improves standards for lenders

When interested buyers decide to apply for a conventional mortgage, providing a down payment might be one of the most substantial obstacles they face. Interested buyers may not be capable of supplying a 20% down payment on a house. However, these potential homeowners might otherwise be qualified to make monthly payments on a home loan. Private mortgage insurance allows individuals to qualify for a home loan without putting a substantial down payment on a house and ultimately help bolster the housing market. If a borrower supplies a smaller down payment, he or she must pay for PMI. This will insure the lender for the amount of the loan.

The mortgage insurance industry improves. According to Freddie Mac, a government-backed lender, both Fannie Mae and Freddie Mac worked with the Federal Housing Finance Agency to help improve the qualifications for those who offer insurance for lenders

On April 17, Freddie Mac announced adjusted private mortgage insurance eligibility requirements for insurers. Financial and risk management standards were implemented into the updated eligibility requirements. To apply, an insurer must be able to cover costs of up to at least $500 million in capital funding, according to the Private Mortgage Insurer Eligibility Requirements.

An additional requirement includes having strong internal risk management to ensure underwriting practices are up to standards. 

Also, an approved insurer, "is required to maintain compliance with the specific provisions of the Model Act referenced in Sections 303, 307 and 802." 

The improved requirements will be effective beginning December 31, 2015 for current approved insurers. New applicants will be required to meet these standards immediately upon application. 

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