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;

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.


Homebuyers interested in energy-efficient homes

One of the most sought-after features of a new home is energy efficiency. The National Association of Home Builders indicated newly constructed homes will reflect the demands of today's homebuyer.

New buyers seek homes with energy-efficient features. As young adults begin to enter the housing market, their wish list for a new home becomes an important factor for housing industry professionals to consider. According to NAHB's survey, 84% of millennials would be willing to spend more money on a home with Energy Star certifications. These potential buyers relayed that they would be willing to pay approximately 2 to 3% more to see the savings reflected in their monthly energy bills.

"Our builder members are telling us that more and more buyers are looking at new homes for their efficiency in design and functionality," said Tom Woods, a homebuilder and NAHB's chairman. "Whether it's improved insulation or sustainable building materials, today's new homes can reach higher energy performance and greater durability than was possible even 20 years ago. And programs like the National Green Building Standard help consumers achieve their efficiency needs."

Properties with these features appeal to younger buyers for a variety of reasons, and green homes will likely be in higher demand as more individuals decide to purchase homes.

Energy-efficient homes offer a plethora of benefits. Houses with features that offer a more efficient alternative to dated characteristics, systems or appliances are appealing to potential buyers. Homeowners can save an impressive amount of money when investing in a property that includes these perks, according to Energy Star. When the windows and appliances of a home work more efficiently to conserve energy and water use, monthly bills are not as expensive. Houses certified by Energy Star may save as much as 20% on annual utility bills.

A greener home will also help protect the environment by using less energy and reducing the need for fossil fuels. 

After lenders approve borrowers for a U.S. home mortgage, interested buyers will likely flock to listed homes that offer energy-efficient features, looking to save money and embrace a greener lifestyle. Young adults may also seek houses built using locally sourced products and with a more eco-friendly construction process in mind. 

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.


Return buyers may bolster the housing market

The housing crisis in 2008 left many individuals with an underwater mortgage and pushed them out of the market. Damaged credit histories kept these previous homeowners from purchasing property in the past. However, according to a study completed by the National Association of Realtors, a trade organization, the U.S. housing market should expect a boost from return buyers applying for U.S. home mortgages and purchasing homes once again.

The 9.3 million homeowners who faced foreclosure may have repaired their credit. Between 2006 and 2014, these homeowners were forced to foreclose, short sale or received a deed-in-lieu. Since the housing crisis, these previous homeowners had time to repair their credit and are likely capable of returning to the housing market.

These interested buyers have the potential to increase the overall demand for housing and continue to bolster the market substantially.

"The deep wounds inflicted on the housing market during the downturn are finally beginning to heal as distressed sales continue to decline and home prices in some parts of the country have bounced back to their near-peak levels," said NAR's chief economist Lawerence Yun. "Borrowers with restored credit will likely have the ability and desire to own again, encouraged by the long-term benefits homeownership provides in a stronger economy and more stable job market."

Some return buyers already purchased homes. While some individuals' credit may not be repaired enough to enter the housing market, nearly 950,000 return buyers already purchased new homes according to an NAR infographic. NAR anticipates that 1.5 million return buyers will be capable of buying new homes within the next five years. This bodes particularly well for the future of the real estate market. 

Housing conditions are favorable for buyers. According to Zillow, an online real estate company, accessible home loans, low mortgage rates, consumer confidence and the rising cost of rent present a great case for individuals to invest in a home. These factors have the potential to also prompt and assist return buyers who want to purchase real estate. 

With more lenient lending standards and historically low interest rates, return buyers can afford new homes more easily. In addition, consumer confidence is directly correlated to an improving economy and job growth and individuals feeling the beneficial effects. 

Rising rent will also likely push renters toward considering homebuying as a more affordable option. 

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.