Alex Kirkland

NMLS# 408053

Loan Officer

Alex Kirkland
Loan Officer

NMLS# 408053
State Lic: CA # CA-DBO408053; GA # 46553; NM # 408053; AZ # 0924325; ID # MLO-18970; TX # 408053; CO # 100503348; OR # 408053; WA # MLO-408053; IL # 031.0045562;
1750 East Northrop Blvd.
Suite 230
Chandler, AZ 85286
Direct: (480) 744-5381
Fax: (480) 619-6222
Mobile: (480) 744-5381
alex.kirkland@academymortgage.com

Welcome!

It’s all about service at Academy Mortgage, and our company has been meeting the needs of home-buyers across the United States since 1988. I joined Academy because of its strong reputation for integrity-based mortgage lending, its unwavering commitment to responsible lending practices, and for its broad portfolio of mortgage solutions and tools.

Since joining Academy, I have helped many individuals and families attain the dream of home-ownership. Whether you want to buy a new home or refinance an existing mortgage, I will provide a customized solution for you at competitive rates. No brokering, no middleman, no hassle, no surprises.

Academy is a direct lender, which means that my Branch and Regional Offices are equipped to complete the entire loan process in-house—all loan processing, underwriting, closings, and funding are handled locally. As a result, we have a proven track record of closing loans as quickly and efficiently as possible.

I will be in control of your loan file from start to finish, and I will be up-to-date on the status of your loan at all times. I understand the importance of maintaining continuous communication throughout the loan process and commit to providing you accurate, timely, and honest mortgage advice.

I invite you to put us to the test. Let me show you how simple and easy securing a mortgage can be.

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ARTICLES

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

VIDEOS

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Alex Kirkland was very easy to work with and always very polite. He was thorough in his knowledge of the loan products available to me and was very quick to answer emails and phone calls. I never felt like I was left hanging at all. Alex...he's good people. Robert Birosh

NMLS# 408053

State Lic: CA: CA-DBO408053; GA: 46553; NM: 408053; AZ: 0924325; ID: MLO-18970; TX: 408053; CO: 100503348; OR: 408053; WA: MLO-408053; IL: 031.0045562;

Corp Lic: CA: 4170013; GA: 20505; NM: 01451; AZ: BK-0904081; ID: MBL-671; TX: 3113; CO: 3113; OR: ML-2421; WA: CL-3113; IL: MB.6760661;

Licensed by the Department of Business Oversight Under the California Residential Mortgage Lending Act; Georgia Residential Mortgage Licensee; 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.; Illinois Residential Mortgage Licensee;

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FHA loan savings vary across regions

Expenses decreased for loans provided by the Federal Housing Administration to make homeownership more accessible to Americans. According to a press release from the White House, potential borrowers can save $900 annually on their mortgage payments with the adjusted FHA loan pricing.

The potential reduction in cost may appeal to a number of interested buyers. However, a possible homeowner should first be aware of where house payment savings are most apparent and whether he or she would benefit from an FHA loan before applying for a U.S. home mortgage.

Homebuyers must know the average price of a home in their markets. The savings associated with an FHA loan will fluctuate depending on which housing market a home is located in. RealtyTrac, a realty information company, created a map that shows both the annual savings after the reform as well as where an individual with a median income would spend 28% or less of his or her salary to afford a median-priced home.

Los Alamos, New Mexico, for example proved to be a beneficial area to invest in housing by utilizing an FHA loan because annual savings could add up to $1,124 and home affordability, or percentage of income spent on median-priced housing, sits at 16.15%. Anchorage, Alaska, teeters just above 28% at 28.5% but offers $1,351 in annual savings.

Ouachita, Louisiana, offers only $670 in annual savings and 28.6% in home affordability. Adams, Mississippi, might show an average annual savings of $1,351 but with an 81.98% affordability rate, an FHA loan in region like this may not provide you with the best deal.

Potential buyers should be familiar with their local housing markets and know the benefits an FHA loan may provide before beginning the application process.

Some applicants benefit from FHA loans. The Columbian reported that a potential borrower able to provide a down payment of 5% or less coupled with a credit score ranging from 620 to 719 would find FHA loans more cost effective than a conventional loan. However, a higher credit score and the financial stability to provide a larger down payment might mean a conventional loan is a better option due to upfront premium fees that are still associated with an FHA loan. 

A mortgage provided through the FHA can help first-time homebuyers who may be intimidated by down payment and credit score requirements. According to the U.S. Department of Housing and Urban Development, the first step down the road of homeownership requires organization. A potential homeowner should determine what his or her financial capabilities are and research opportunities and resources available to him or her. HUD provides many buyers with access to housing counselors who can help individuals navigate through the process of purchasing a new home.

Awareness and understanding of local housing markets, anticipated savings and possible home loan options can help alleviate extra costs associated with homeownership.  

Academy Mortgage is one of the top independent purchase lenders in the country as ranked in the 2013 CoreLogic Marketrac Report. Visit www.academymortgage.com to find a loan, get a rate, or calculate your payment today.

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Cuts to FHA fees receive praise

On Jan. 7, President Barack Obama announced a plan to lower fees associated with home loans distributed by the Federal Housing Association. The reaction from the National Association of Home Builders, one of the largest trade associations in the nation, was overwhelmingly positive. The National Association of Realtors, another trade association, also announced support for the decision.

NAHB applauded Obama's plan. New-home construction may increase if demand rises due to lower fees. The Wall Street Journal reported economists' enthusiasm for the loosening qualifications required to apply for a U.S. home mortgage. With more accessible home loans, a greater volume of qualified borrowers are encouraged to enter the housing market. The NAHB valued the improved affordability and released a statement regarding its appreciation for the plan.

"NAHB commends the president for taking action to reduce FHA's annual mortgage insurance premiums by 50 basis points to 0.85%," said Kevin Kelly, the NAHB Chairman. Kelly also stated lower premiums may encourage and assist first-time home buyers enter the housing market. He also believed this was an indication of FHA's financial improvement. 

The association is confident in the president's decision. In addition, CNBC reported home? builder stocks were on the rise. Lennar, Toll Brothers, PulteGroup, KB Home and DR Horton saw gains after President Obama's announcement.

Members of the NAR agreed with the intended plan. The real estate association's opinion on Obama's announcement was also positive, according to its press release.

"As the leading advocate for homeowners, Realtors strongly support Obama's plan to reduce annual mortgage insurance premiums on home loans backed by the Federal Housing Administration, which are currently so expensive that in 2014, roughly 234,000 credit worthy borrowers were priced out of the market," said Chris Polychron, president of the NAR.

He continued to state affordable loans offered by the FHA would encourage first-time homebuyers that have been discouraged by higher fees. Over the past four years, the percentage of first-time buyers applying for FHA loans has decreased 17%.

Polychron stated that NAR predicts the execution of this plan could result in 90,000 to 140,000 additional home purchases each year. The real estate association forecast a great deal of growth in the housing market as a result of the president's announcement.

Academy Mortgage is one of the top independent purchase lenders in the country as ranked in the 2013 CoreLogic Marketrac Report. Visit www.academymortgage.com to find a loan, get a rate, or calculate your payment today.

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Rising rental rates may encourage homeownership

Buying a home might become a more appealing option for individuals. Experts expect rental rates to remain higher for a while, and purchasing real estate may prove to be a more affordable living arrangement.

Rental rates continue to increase. According to a press release from Zillow, an online real estate company, 51% of polled experts do not believe the affordability of rental units will improve for two or more years.

"Solving the rental affordability crisis in this country will require a lot of innovative thinking and hard work, and that has to start at the local level, not the federal level," said Stan Humphries, Zillow's chief economist. "Housing markets in general and rental dynamics in particular are uniquely local and demand local, market-driven policies."

The rising costs associated with renting may persuade more individuals to consider owning a home as a more affordable option. 

Homeownership more affordable than renting. Historically low interest rates on U.S. home mortgages, low down-payment options and the Federal Housing Administration's decision to lower mortgage insurance premiums may increase the attractiveness of buying real estate. The demand for rental properties is driving up rental prices, and changes to the cost of homeownership decreases those expenses.

Zillow noted that many current renters are becoming increasingly frustrated with the rising cost to rent. The hikes are encouraging some individuals to enter the housing market and purchase a home. Their potential contributions to the real estate market may continue to strengthen the continual recovery from the housing crisis in 2008. 

"Vacancy rates on rental units in the fourth quarter were down to 7 percent, the lowest in more than 20 years," said Nationwide Insurance's Chief Economist David W. Berson.

Realtor.com recommended comparing the costs between renting and buying before deciding which option is best for your local housing market. In some instances, renting is more costly. However, before buying, take a look at the local school district and the current graduation trend. Also, take notice of whether new businesses and restaurants are coming to a neighborhood or leaving. This can indicate whether purchasing a home in a certain area would be a quality investment.

Increasing rental expenses and more favorable homeownership conditions may persuade more people to purchase homes and bolster the housing 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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