Tucson

5210 East Williams Circle Suite 500
Tucson, AZ 85711
Local: (520) 448-5555
Fax: (888) 622-3629

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Welcome to Academy Mortgage!

It’s all about service at Academy Mortgage, 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.

Corp Lic: AZ: BK-0904081; CO: 3113; CA: 4170013;

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

Single-family housing climbs to highest level since Nov. 2007

The National Association of Home Builders reported some great news for interested homebuyers. According to a press release from the NAHB, single-family housing starts increased to their highest level since November 2007. Not only is this music to the ears of individuals searching for a new home, but it is also a positive indicator that the housing market continues to improve. 

"This month's report is consistent with positive builder sentiment and other economic indicators showing that the housing market continues to recover at a gradual pace," said NAHB Chairman Ed Brady, a home builder and developer, according to the press release. 

Single-family housing starts increase. Housing starts nationwide climbed 5.2% to 1.178 million units during February. Single-family home production skyrocketed 7.2% to reach 822,000 new units. This is an impressive rise when compared to the data from previous months. In fact, this jump represents the highest one-month rise since November 2007. 

Multifamily starts ticked up slightly by 0.8% to 356,000 newly constructed units. 

"February's single-family gains indicate that this sector is strengthening in line with our forecast," said the NAHB's Chief Economist David Crowe, according to the press release.

Crowe indicated that some of the primary drivers of rising housing production included: 

"We should see further growth in housing production moving forward," he added. 

According to The Wall Street Journal, the rise in activity may have also been partially due to unseasonably warm weather which allowed builders to head to the job site and break ground early in many parts of the country. 

Healthy building activity critical for housing market growth. For the industry to become stronger, inventory needed to swell for interested buyers. It helps foster better affordability and indicates the demand is strong enough for home builders to invest in the construction of more homes. 

"The most important fundamental in the housing market is a shortfall of supply relative to demand and there is only one way to fix that problem: more building," said Stephen Stanley, chief economist at Amherst Pierpont Securities, in a note to clients, according to The Wall Street Journal. "Industry sources suggest that this is finally beginning to happen."

The housing market appears to be in healthy condition moving into the spring season. 

Academy Mortgage is one of the top independent purchase lenders in the country as ranked in the 2015 CoreLogic Marketrac Report. Contact me to find a loan, get a rate, or calculate a payment today.

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Builder confidence decreases amidst dropping temperatures

The weather that is characteristic of the coldest months of the year often suppresses housing activity across the country. This is often also reflected in home builders' confidence in the industry, so it is no surprise that February's survey showed confidence among builders declined three points, according to the National Association of Home Builders.

Home builder confidence ticks down slightly. When it comes to the market for newly built single-family homes, the NAHB/Wells Fargo Housing Market Index showed builder confidence settled to a rating of 58 in February compared with 61 the previous month.

However, while low temperatures and winter weather may bear some responsibility, the lack of available labor, lots and high building costs are likely equally responsible for the fall.

"Though builders report the dip in confidence this month is partly attributable to the high cost and lack of availability of lots and labor, they are still positive about the housing market," said NAHB Chairman Ed Brady. "Of note, they expressed optimism that sales will pick up in the coming months."

With the approach of spring, consumers will likely become more interested in purchasing homes and the demand will bolster the market for more newly built single-family homes. In addition, even with the slight decline, the results from the Index still show that more builders view the current conditions as good instead of poor. 

"Builders are reflecting consumers' concerns about recent negative economic trends," said NAHB Chief Economist David Crowe. "However, the fundamentals are in place for continued growth of the housing market. Historically low mortgage rates, steady job gains, improved household formations and significant pent up demand all point to a gradual upward trend for housing in the year ahead."

Demand strong moving into the spring season. According to HousingWire, the lack of inventory is agitating many millennial buyers. With competition from foreign investors, young first-time homebuyers have difficulty finding affordable housing.

This drives the need for more homes and will strengthen the market for new construction on single-family homes moving into the spring. Home builders can therefore feel more confident in the possibility there will be a rising demand for homes going forward.  

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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Home sales lift off in June

Demand for housing continues to escalate. According to the National Association of Realtors, total home sales for June rose a great deal.

Existing home sales increase substantially. The NAR indicated existing-home sales in particular skyrocketed during the month. In fact, sales for all single-family houses, condos, townhomes and co-ops jumped 3.2% from the previous month. This brought the total number of completed transactions to 5.49 million. The rise in existing home sales is the highest pace seen since February 2007. 

"Buyers have come back in force, leading to the strongest past two months in sales since early 2007," said NAR's Chief Economist Lawrence Yun. "This wave of demand is being fueled by a year-plus of steady job growth and an improving economy that's giving more households the financial wherewithal and incentive to buy."

Yun added sales in June were driven by rising mortgage rates. Many buyers would rather apply for a U.S. home mortgage while rates are lower than continue to wait and watch the average interest on a home loan increase. 

Americans prefer investing in real estate. One of the reasons demand has increased so greatly could be due to a higher interest in property as an investment opportunity. According to a study by Bankrate, 27% of Americans indicated real estate was the most favored investment option. In the western part of the U.S., this mentality is especially apparent. 

Only 17% of the study's 1,000 participants indicated they preferred investing in the stock market. Many individuals do not feel the stock market is conducive to long-term investment horizons, while real estate is. 

In addition, the current interest rate for the average home mortgage remains historically low. This coupled with an improving economy encourages individuals to invest in real estate due to the increased affordability. 

Higher demand for homes encourages rising market values. The spike in interested buyers also propelled the median existing-home price 6.5% higher than the previous year. 

"Limited inventory amidst strong demand continues to push home prices higher, leading to declining affordability for prospective buyers," Yun? noted. "Local officials in recent years have rightly authorized permits for new apartment construction, but more needs to be done for condominiums and single-family homes."

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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