Dave Perry

NMLS# 34786

Branch Manager, Producing

Dave Perry
Branch Manager, Producing

NMLS# 34786
State Lic: UT # 4947564; ID # MLO-1968;
2845 East Overland Road
Suite 160 & 170
Meridian, ID 83642
Branch: (208) 888-9394
Fax: (208) 955-2220
dave.perry@academymortgage.com

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I am very thankful that we had Dave Perry handling our case. I would recommend Dave and his team in a second. Thanks team!Peder Kopperud
Academy's My Mortgage App

Our family has lived in the Boise, ID area since January 2003. We came here 15+ years ago after graduating from college, and have loved it ever since! Idaho is an amazing place, with exceptional people and we feel blessed to be involved in the community.

My wife Heidi and I have three kids, two daughters, Reese (11), Kate (8), and our son Cutler (6). They keep us busy with many sports and community activities. Our family time revolves around T-Ball & Volleyball games, camping in the mountain, and whenever the Boston Red Sox are playing - Go Red Sox!

I’ve worked in the mortgage industry for over 15 years now. Originally, I joined a local mortgage company in January 2003 and spent 3.5 years learning the business. Since that time I’ve managed a branch of loan officers as well as my individual team’s production.

We made the decision to join Academy Mortgage in 2015 because they are a national lender, with a very local presence. Since joining Academy Mortgage, I have achieved the distinct title of both Top Producer and President’s Club Recipient, ranking my team’s in the Top 1% of all loan officers in the US for 2015-2017. In Idaho, we were blessed to be the #5 lender in the entire state for the 2017 year.

All of our processing, underwriting, and funding is handled directly inside of my office in Meridian, ID. This type of control from start to finish allows us to create a next-level experience for our clients and friends.

I absolutely love the ability that we have to help people achieve their dream of home ownership! Whether it’s a beautiful new home to raise your family in, a vacation property to make memories in, or a rental property to create wealth – We look forward to adding value and earning the privilege of your business.

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NMLS# 34786

State Lic: UT: 4947564; ID: MLO-1968;

Corp Lic: UT: 5491140-MLCO; ID: MBL-671;

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One-third of FHA home loan borrowers save when refinancing

Refinancing a home loan as a Federal Housing Administration borrower may be beneficial. According to the Housing Finance Policy Center at the Urban Institute, a government-sponsored research institute, one in three individuals with a home loan through the FHA would gain from refinancing a mortgage.

Reduced annual insurance premiums encourage refinancing. At the beginning of 2015, U.S. Department of Housing and Urban Development Secretary Julian Castro announced that cutting costs for FHA loans would lead to an average of $900 in savings every year, according to HUD. The FHA implemented this rate reduction to encourage individuals to enter the housing market. However, current homeowners are also attracted to the potential for substantial savings.

The Urban Institute indicated that a notable number of individuals would benefit from refinancing. The think tank anticipated that most borrowers would fall under the 0.75% annual savings trigger, and approximately 2.4 million of these individuals would see lower mortgage payments even when factoring in additional refinancing expenses. This represents about one-third of the total number of FHA loan borrowers.

More homeowners looking to refinance. A high volume of homeowners with FHA home loans are taking advantage of the recent announcement regarding premium expenses, noted Arizona Central. The cost cuts attract and encourage many individuals to consider refinancing. 

"Buyers have a huge opportunity to save money now with the two rate cuts," said Jamie Korus?, Alliance Financial Resources's president and chair of the National Mortgage Banker's Political Action Committee. 

According to a White House press release, analysts expect lower costs to help 800,000 individuals who own homes decrease their current mortgage payments

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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Rising rental rates may encourage homeownership

Rental rates for some of the more popular metropolitan areas are seeing notable increases. Research done by Zillow, an online real estate company, indicated that in January, national rental rates increased to a historical average, but certain areas are not following the norm. These increased rates may encourage more renters to enter the housing market for a more affordable option.

Rental rates in certain regions rise quickly. While rent jumped up only 3.3% from January 2014 to the same time this year, cities like Kansas City, Missouri; Portland, Oregon; Charlotte, North Carolina; Denver; and Nashville, Tennessee saw a more substantial increase. Annual rental growth was more than the national average in 367 different cities, and 247 of those metros had growth that stood at or exceeded 5%.

Unfortunately, the hikes in monthly rent costs have not been matched by increasing salaries. An individual should expect to set aside 30% of his or her paycheck for a median-priced apartment. This is an increase of 5 percentage points from the historical average.

Purchasing a home increasingly more affordable. According to Zillow, the average homeowner with a median income spends approximately 15% of his or her salary on monthly U.S. home mortgage payments.

Young adults that are currently renting may find purchasing a home more appealing due to the increasing affordability.

"The allure of fixed housing payments and building wealth through home equity will draw more buyers out of rentals and into homeownership," said Stan Humphries, Zillow's chief economist.

While purchasing a home might be more affordable, rising rental rates may make saving up for a down payment more difficult for first-time homebuyers.

"What keeps me up at night is the fact that it still remains so difficult for so many potential buyers to make those particular stars align," said Humphries.

Lower down payment options and lower insurance premiums help increase home affordability. Fortunately, lower down payment options available through Freddie Mac and Fannie Mae, government-sponsored enterprises, allow qualified borrowers to get a loan that requires only a 3% down payment for a new home. Also, the Federal Housing Administration cut mortgage insurance premiums, allowing homeowners to save additional money on expenses. 

Additionally, mortgage rates remain historically low, which may appeal to first-time buyers. 

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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