Jake Krabbe

NMLS# 877141

Mortgage Loan Officer

Jake Krabbe
Mortgage Loan Officer

NMLS# 877141
State Lic: AZ # 0920357;
15333 North Pima Road
Suite 205
Scottsdale, AZ 85260
Direct: (480) 442-9291
Fax: (480) 374-5216
Mobile: (480) 442-9291

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Welcome to Academy Mortgage!

I'm available 24/7 for all of your mortgage needs. As a native Iowan, I base my career as a mortgage banker on customer service, hard work, and integrity. I moved to Arizona in the summer of 2010 and began my career with Academy in March 2012.

In my first year as a loan officer I was honored with the distinction of Rookie of the Year. I continued my dedication to the industry and was awarded to the Top Producers Club for 2013. With a Relatively short time in the business, I have emphasized helping families into new homes offering conventional, FHA, VA, and USDA loans. My focus on the customer experience has helped to grow my career and extend my network of realtors, home builders, title agencies, and over course satisfied home buyers.

Please don't hesitate to reach out to me with any questions regarding the mortgage process and I look forward to helping you find your next home.

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Jake's team has great communication. They go above and beyond to make sure everyone involved is taking the necessary steps to get the home closed. Jake and Brandon are by far the best loan officers I have used. They are always available to answer any questions our buyer or I had and made sure everyone knew what was going on in every step of the process. Jake's team is definitely my number one choice for my buyers because I know they will do whatever it takes to get us closed as efficiently and as on time as possible. Paige Wideman - Realtor

NMLS# 877141

State Lic: AZ: 0920357;

Corp Lic: AZ: BK-0904081;


Foreclosures continue to decline

The housing market continues to show signs of improvement into 2015. As the economy strengthens and Americans gain more financial stability, maintaining home ownership seems easier, and homeowners are less likely to foreclose. 

Number of repossessed homes fell last year. According to data released by RealtyTrac, a real estate information company,  foreclosure filings in 2014 dropped 18% from 2013 and 61% from 2010, when the foreclosure rate was at its highest point historically. In addition, 2014 proved to be the lowest number of foreclosure filings since in 2006.

The drops in filings appears to be additional evidence indicating an improving housing market, according to The Guardian. 

"Foreclosures are no longer a threat to home values nationwide," said RealtyTrac Vice President Daren Blomquist.

Some states saw an uptick in Real Estate Owned property in 2014. While nationally there was a dramatic drop in foreclosure filings, nine states saw an increase in REOs, according to RealtyTrac. Some states that saw more foreclosures included:

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.


Factors to consider to make the best investment in real estate

Investing in real estate requires attention to specific details. Know the benefits and down sides to a specific location, the condition and characteristics of the property and the expenses associated with the real estate in which you are interested, according to Mlive.com.

Location continues to impact real estate value. Fox Business reported location as the most important factor to consider when purchasing a home. This is largely due to the fact that while a homeowner can renovate a home or update the quality of certain features, moving a home to a new location is nearly impossible. When deciding whether a home's location serves as a benefit, investors should consider the neighborhood, school district and access to various transportation options.

A quality neighborhood should consist of a safe community with plenty of access to restaurants, shops and establishments that provide essentials for quality living like dentist offices and day care facilities. Having a home located in a highly regarded school district is an additional bonus. Potential buyers or renters are willing to spend more money on a residential space if their children can enroll in a quality school. Real estate investors should evaluate the community's opinion and the performance of local schools compared to other regions. 

Daily commute time and convenience is another factor that impacts decisions of potential renters or buyers. Being close to public transportation or a major highway can increase the value of property.

Investors should consider the conditions and characteristics of a home. While an investor can renovate or upgrade a home, knowing what features are in high demand and seeking some of those in a potential investment can improve the results of a real estate investment. USA Today reported homebuyers are more willing to spend extra money on kitchen updates, large master bathrooms, storage space and some luxury features. Hardwood floors and fireplaces are two characteristics homebuyers found especially appealing in a home. 

When deciding on a property to invest in, potential buyers should look for some of these characteristics or the ability to easily and affordably incorporate them into a renovation.

Also, Mlive.com noted buyers must watch out for homes that will cost more to fix up than the ultimate value. Before deciding to purchase a home and apply for a U.S. home mortgage, an investor should hire an inspection company to evaluate the condition of the house.

Evaluate the cost associated with an investment. A number of costs and fees are associated with purchasing real estate. U.S News and World Report noted taxes, fees and closing costs may be additional expenses when buying a new home. 

An investor should make sure he or she can move forward confidently knowing the value of the purchased real estate will appreciate. Evaluating the costs and potential gains from a desired real estate investment is a crucial step of this particular process.

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.


Foreclosures decrease in November 2014

The U.S. housing market continues driving down the road to recovery. It has seen an uptick in mortgage applications, a massive demographic of potential first-time homebuyers, an improving economy - and now the rate of foreclosures is consistently plunging. All factors signify a stronger housing market in 2015.

Foreclosures continued to decrease in November 2014. A press release from CoreLogic, a leading financial, property and consumer information and analytics company, indicated that nationally, foreclosure inventory decreased 35.5% compared to the previous year. A total of 41,000 completed foreclosures occurred during November 2014. Completed foreclosures consist of homes which are lost to the foreclosure process. When comparing this number to November 2013, the rate of completed foreclosures dropped 9.6%.

Normal foreclosure numbers average around 21,000 each month. The housing crisis in 2008 drove the intensive increase in national foreclosures. A total of 5.5 million completed foreclosures have occurred since the crisis.

In November 2013, 880,000 homes were in the process of foreclosing. This number plummeted to 567,000 in November 2014. In addition, that foreclosure inventory was at the lowest level since March 2008. 

CoreLogic reported the following states as having the lowest foreclosure inventory in November 2014: 

Improvement in the housing market is evident. U.S. News & World Report emphasized the correlation between employment expansion and the housing market. Applications for residential mortgages increase and a heightened demand for residential space intensifies as the economy improves and jobs become available for professionals entering the workforce. In addition, housing inventory may dwindle as certain regions experience a jump in population due to new jobs available in the area. 

The improving economic welfare of the nation will likely continue to feed housing and related endeavors, such as the construction sector and home-maintenance-related professionals. This, coupled with the decreasing rate of foreclosures, may improve the market. 

"The number of completed foreclosures over the past 12 months - just under 575,000 - are at the lowest level in seven years," said the president and CEO of CoreLogic, Anand Nallathambi. "This month's figure of 41,000 foreclosures is in line with levels experienced in the second half of 2007, which was the very beginning of the housing crisis."

Nallathambi noted the anticipation that nationwide, foreclosures will fall under 500,000 within the new year's first quarter. The progress signifies a continuously strengthening U.S. housing market.

November 2014 marked the 26th month in a row with double-digit drops year over year. Every single state in the nation reported double-digit numbers, indicating a decreasing number of completed foreclosures. However, the District of Columbia did not produce results that fell in line with the desired pattern. There, the rate of foreclosure activity increased 17.8% year over year.

Utah and Florida both saw the most impressive declines in foreclosure inventory. Utah saw a decrease of 48.8%, and Florida noted a 48.1% drop. CoreLogic indicated the other states with the largest year-over-year decrease in activity included Georgia, Arizona and Michigan. 

All the aforementioned states saw at least a 40% decrease in the total number of completed foreclosures. 

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.