Brian Crist

NMLS# 217767

Sales Manager

Brian Crist
Sales Manager

NMLS# 217767
State Lic: UT # 5488037; CA # CA-DBO217767; CO # 100509958;
170 S. Interstate Plaza Drive
Suite 230
Lehi, UT 84043
Branch: (801) 901-6200
Mobile: (435) 862-9000
brian.crist@academymortgage.com

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Welcome!

The Right Company

Academy Mortgage has been meeting the needs of homebuyers 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.

Local In-house Process

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.

Real Personal Attention

I will be in control of your loan file from start to finish. Continuous communication throughout the loan process and commitment to providing you accurate, timely, and honest mortgage advice and truthful information about the status of your loan. No call centers here!

Get your mortgage done right and on time.

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ARTICLES

Read these articles to educate yourself on the mortgage process and industry.
Brian Crist, is incredible. Hands down the best mortgage officer I have ever worked with. He went above and beyond my expectations, over communicated the process and what he was doing and was always looking for ways to save me money and make my home buying process seamless. Stirling Ruuth

NMLS# 217767

State Lic: UT: 5488037; CA: CA-DBO217767; CO: 100509958;

Corp Lic: UT: 5491140-MLCO; CA: 4170013; CO: 3113;

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

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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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Young couples more interested in homeownership

Couples who plan to get married may be more interested in applying for a U.S. home mortgage and purchasing a new home together. 

Many couples would use a large pre-wedding money gift toward a home. According to a survey conducted by Trulia, an online real estate company, 69.5% of respondents noted they would use a gift of money toward the purchase of a new home. Women (73%) are more likely to spend gifted money on real estate than men (61%). 

Most participants indicated a home would be the preferred purchase. Only 11.9% would use the money toward a new car, 10.4% would invest in their honeymoon, 6.1% would spend a gift on their wedding and only 2.1% of participants would put it toward a larger engagement ring. 

Young buyers want larger homes. Many individuals interested in purchasing a new house also want homes with more bedrooms. The ideal number of bedrooms for 51.6% of respondents is three, while 26.5% of couples want a four-bedroom home. 

When it comes to purchasing the perfect home, many couples are willing to make sacrifices. About 26.9% would eliminate excess spending on eating out at restaurants and ordering food to be delivered, while 23.9% of respondents would invest in a smaller wedding. 

Young buyers care about their neighborhood. Among the surveyed couples, most individuals want to live in an area with a good school system. Additional factors that are important to young buyers include the commute time to work and the square footage of the home. 

Couples should plan ahead of time. Because a home is such a substantial investment, many pairs who decide to buy a home before getting hitched should consider signing a prenuptial agreement. Forbes noted the laws regarding a married couple are clear, while an unmarried duo might be entering murky waters. 

"Married couples have a large body of law to protect their rights if their union dissolves. With unmarried partners, the law is less clear," noted Patrick Horning, an advanced planning director. 

If couples decide to purchase before marriage, Forbes recommended getting a prenup for the home because it will likely be the largest asset the two individuals invest in. 

"When unmarried couples enter into a financial contract such as a home purchase, both credit scores are impacted by the success of that joint purchase," stated Horning.

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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Applications for home mortgages increase

As mortgage rates decrease and mortgage insurance Federal Housing Association premium fees are cut, homeownership should gain appeal, and maybe it has. Applications for U.S. home mortgages increased 49.1% for the week ending Jan. 9, marking the most impressive weekly gain since November 2008, according to the Mortgage Bankers Association's recent press release.

Applications for mortgage loans rise. Potential homebuyers and current owners flocked to lenders to apply for new loans and refinance current ones. In addition to nearly a 50% gain in new loan applications, MBA's weekly survey indicated a 66% jump in the refinance index from the week before Jan. 9. This jump was the highest level since July 2013.

The Purchase Index also jumped up from the previous week. The seasonally adjusted number of purchase applications increased 24%, and unadjusted purchase applications indicated an 83% uptick.

"Mortgage rates reached their lowest level since May of 2013, and refinance application volume soared, more than doubling on an unadjusted basis, and up 66% after adjusting for the fact that the previous week included the New Year's holiday," said MBA's Chief Economist Mike Fratantoni. "Conventional refinance volume increased to a greater extent than government refinance volume. Applications for larger refinance loans increased more than four times relative to the previous week."

However, MarketWatch noted the varying reliability of mortgage application estimates taken during the holiday season.

Interest rates on home loans continue to fall. Fratantoni noted international economic frailty and the continual decline of crude oil prices have kept long-term interest rates below the historical average. Many potential homebuyers are seemingly now taking advantage of this opportunity, making the move toward homeownership and entering the market. Freddie Mac reported an average interest rate of 3.66% for a 30-year fixed-rate mortgage. This is an impressive fall of approximately 0.77% from Jan. 9 of the previous year.

Other FRMs also continued dropping below average rates. A 15-year FRM dipped to 3.05% on average, 5-year adjustable-rate mortgages fell to 2.98% and 1-year ARMs settled at 2.39%.

As intended, more people are purchasing homes and bolstering the market.

Improving employment and economy likely factors in spike as well. In a press release, the World Bank indicated the U.S. labor markets and monetary polices have both improved. A stronger economy signifies progress and can supply first-time homebuyers and previous homeowners impacted by the housing market crisis with hope. Steady job growth and security encourage individuals to fulfill their dreams of owning a new home.

In a Gallup poll, results indicated 56% of U.S. citizens currently own real estate, and 25% do not but plan on purchasing a home within the next 10 years. Only 11% of individuals who participated in the survey indicated they did not plan to buy a home anytime soon. 

Additionally, 68% of individuals aged 18 to 29 who do not currently own a home plan to purchase one within the next 10 years. 

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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