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

Academy's My Mortgage App

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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Read these articles to educate yourself on the mortgage process and industry.
Jake and his team were amazing! No complaints. Thaddeus Kirchhofer

NMLS# 877141

State Lic: AZ: 0920357;

Corp Lic: AZ: BK-0904081;


Mortgage applications continue to rise

The number of U.S. home mortgage applications continued to rise. According to the Mortgage Bankers Association, a national financial real estate association, its Weekly Mortgage Applications Survey showed that applications increased 14.2% the week ending Jan. 16 from one week ago. 

"Mortgage application volume increased last week to its highest level since June 2013, led by a 22% increase in refinance application volume," said MBA's chief economist, Mike Fratantoni. "This increase was largely due to mortgage rates dropping to their lowest level since May 2013."

Fratantoni also noted that lower insurance premiums on Federal Housing Administration loans may have encouraged potential borrowers to apply for mortgages. 

Refinancing applications for FHA home loans also jumped up from the previous week, rising 57%.

Mortgage application increase strengthened by improving economy. The growing number of housing applications may signify that a stronger housing market is on its way and serve as evidence of an improving economic situation. According to NPR, President Barack Obama's State of the Union address reported significant growth in America's economy. Job growth and security may encourage individuals to purchase homes and stimulate a stronger housing market. 

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.


Boomerang buyers may boost the housing market

Boomerang buyers, or individuals who owned a home and went through foreclosure, may soon return to the housing market. A wave of these previous homeowners could bolster the market immensely. The number of potential homebuyers, partnered with more first-time homebuyers entering the market, suggests good news for the future of real estate. 

Volume of boomerang buyers could boost the market. According to 24/7 Wall Street, approximately 7.3 million people who were impacted by the housing market crisis in 2008 are now eligible for homeownership again. With this large demographic of potential homebuyers factored into the equation, demand for housing options may increase dramatically.

Economists estimate that between 2015 and 2022, a majority of boomerang buyers may enter the real estate market. RealtyTrac, a real estate analysis company, noted that these individuals are now passing the seven-year time span that it typically takes to both repair their credit and improve their ability to qualify for a U.S. home mortgage.

"The housing crisis certainly hit home the fact that homeownership is not for everyone, but those burned by the housing crisis should not immediately throw the baby out with the bathwater when it comes to their second chance at homeownership," Chris Pollinger, senior vice president of sales at First Team Real Estate, told RealtyTrac. "Homeownership done responsibly is still one of the best disciplined wealth-building strategies, and there is much more data available for homebuyers than there was five years ago to help them make an informed decision about a home purchase."

Some regions have higher numbers of potential boomerang buyers. Over the next eight years, waves of individuals recovering from the housing crisis are anticipated to hit the market. Some cities have higher volumes of potential boomerang buyers that could bolster their local housing markets between 2015 and 2022. Those top five metro areas include:

These cities have the highest potential for home sales among boomerang buyers due to feeling the most substantial initial impact.

Affordability and age among top factors for determining boomerang buyer participation in market. RealtyTrac indicated affordable housing options are crucial in encouraging individuals who previously owned homes to enter the real estate market and make purchases. Affordability is determined based on whether current home prices are attainable for median incomes within the region. 

In addition, a population with a higher percentage of baby boomers and members of Generation X indicates a higher likelihood of those demographics raising the demand for housing, according to RealtyTrac. Regions with more members of these generations are favored in the potential boom. 

"Right now the housing recovery has been fueled by baby boomers with good credit and lots of equity," David Cobb, regional director in the Naples-Fort Myers, Florida, area for Houston-based housing data provider Metrostudy, told Newspress

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.


Home Purchase Affordability Increases

Purchasing a home might become more affordable than renting real estate in the next three years, according to a report released by Capital Economics, an economic research consultancy headquartered in London. Rent is predicted to rise. As the U.S. economy improves, renting real estate becomes pricier and less attainable for first-time homebuyers and individuals with a lower income. Capital Economics predicts that the annual average rate will rise 5% or more over the next few years. The improving employment rate among Americans has also contributed to the rising cost of rent. In addition, millennials have had a tendency to rent, which increases the demand for leased property. In a survey taken by Rent.com, 41% of property owners saw more millennials renting over the past year. The student loans that this generation has accumulated has made applying for a conventional mortgage more difficult. U.S. News and World Report also conveyed that many millennials are taking advantage of the amenities and accessibility to the city offered by apartments. These factors have driven more millennials to rent, consequently increasing demand and giving an opportunity for rental rates to steadily increase. Home affordability has improved. The down payment necessary to purchase a home keeps many potential homebuyers from moving forward with the process. Some lenders require as much as a 20 percent down payment to qualify for a U.S. home mortgage. Government-affiliated mortgage lenders like Freddie Mac have announced a new program that offers potential borrowers the opportunity to qualify for a mortgage with a down payment as low as 3% of the total value of a home. This opportunity is specifically designed to encourage the purchase of real estate by first-time homebuyers. Home affordability improves with the increased accessibility to mortgages and increased employment rate. Potential homebuyers are more confident moving forward with the purchase of a home when they have more job security. In addition, interest rates for mortgages are at historical lows, making homebuying more appealing than ever. However, the annual percentage rates affixed to mortgages are predicted to rise according to the source. While rent is forecasted to rise 5%, house price inflation is expected to fall to 4% over the next few years according to Capital Economics' findings. 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/LisaGonzalez to find a loan, get a rate, or calculate your payment today. ×