Jake Krabbe

NMLS# 877141

Regional Sales Leader

Jake Krabbe
Regional Sales Leader

NMLS# 877141
State Lic: AZ # 0920357;
15333 North Pima Road
Suite 100
Scottsdale, AZ 85260
Direct: (480) 442-9291
Fax: (480) 374-5216
Mobile: (480) 442-9291
jake.krabbe@academymortgage.com

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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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;

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Factors predicted to drive the 2015 housing market

Time Magazine (December 29, 2014) forecasts the 2015 housing market to outperform 2014. Multiple factors are responsible for driving the housing market upward. CoreLogic's 2015 Housing Outlook Report indicated a few trends that may have an especially positive impact on the upcoming year:

Dropping oil prices may bolster the market. Since last June, the price of oil is down 45%. The CoreLogic Report forecast these dropping prices will stimulate economic growth in 2015. The lowered energy costs may provide Americans with extra money to spend on other products such as real estate investments. 

CoreLogic indicated that more than $1,800 of the average American's income is spent on energy expenses every year. Of that annual expenditure, 22% is put toward homes. As energy costs decrease potential homebuyers may find larger homes to be more affordable when it comes to energy bills. 

Improving US economy strengthens housing. A stronger economy may increase the demand for housing. That projected extra income may instigate changing needs and desires for larger and more luxurious homes. 

National Public Radio predicted employers will pay more for services and time, a lower inflation rate and the value of U.S. stocks will increase. 

According to the Bureau of Labor Statistics, total nonfarm payroll increased 321,000 positions in November, and unemployment dropped to 5.8%. NPR reported the Federal Reserve forecast inflation staying between 1% and 1.6% in 2015. Lastly, NPR noted that plummeting oil prices may mean increased consumer spending. Investors may put more money into company stocks to mirror that predicted trend. 

Millennials able to afford new homes. The improving economy directly affected one particular demographic: millennials. Overall job growth had a noticeable boost in 2014. According to CoreLogic's report, 25- to 29-year-old individuals saw a 3% increase in employment opportunities. This is 1% higher than all average job growth. 

CoreLogic predicted a first-time homebuyer surge in 2015 led by this generation due to the expansion of employment opportunities. 

Increasing housing demand benefits housing market. As millennials begin starting families and applying for U.S. home mortgages, retiring baby boomers enter the equation. These two large generations possess the potential to heighten housing demand. 

In addition, Fannie Mae made owning a new home more attainable. While interest rates for home loans are historically low, Fannie Mae announced they would offer a 3% down payment option to potential homebuyers. The Conventional 3% Down Program provides low- to moderate-income borrowers with a more affordable option. Approval is contingent upon one applicant being a first-time homebuyer and approval through Fannie Mae. 

The Conventional 3% Down Program is an additional factor that can increase the demand for housing because more potential buyers can now afford to enter the market. A lower down payment option may also encourage more millennials to apply for loans and buy new homes.

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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Academy Mortgage Aquires Republic Mortgage

Academy Mortgage is pleased to announce its acquisition of Republic Mortgage Home Loans. The partnership will allow the two independent mortgage lenders to bring homeownership to a greater number of individuals and families across the United States. Republic Mortgage aligns well with the operational structure and the service-oriented and people-centric culture at Academy. Like Academy, Republic Mortgage is focused on purchase (vs. refinance) business and on the professional and personal development of its mortgage originators, employees, and referral partners. It is also actively involved in giving back to its communities and donates a portion of each closing to local charities. "By joining forces with Republic Mortgage, we will be able to accelerate our opportunities for growth, and, most importantly, our opportunities for each individual to push forward our vision to inspire hope, deliver dreams and build prosperity," said Adam Kessler, president of Academy Mortgage. The acquisition will not affect the high level of service provided to both companies' clients and referral partners. All loans that currently stand will be processed and funded regularly. The primary benefits of this alliance are increased access to resources and enhanced opportunities for growth. Republic Mortgage also brings to the partnership several innovative tools showcasing the latest advancements in mortgage technology. Republic Mortgage operates 44 branches in 12 states with 350 employees. Republic Mortgage's employees and branches will be transitioned to the Academy Team over the upcoming weeks. 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. ×

Housing market and strengthening economy are good news

Many home construction company gains occurred during periods of low U.S. home mortgage and other related rates. CNBC reported iShares Home Construction ETF saw a 7.6% average return, Masco averaged around an 8.4% gain, D.R. Horton reported an 8.7% average return, Lennar gained 10.1% and PulteGroup saw the highest average return of  14.8% during low rate and strong growth periods. 

Historical evidence for improvement of housing-market-related stocks. CNBC took a look at previous situations to determine a projection for the future of the housing market. In 1980, the 10-year Treasury yield dipped under 2.5%, and gross domestic product teetered above 2%. The result of these two numbers meeting instigated four quarters when home? builder stocks skyrocketed. This pattern could be mimicked in 2015.

Kiplinger, a business forecasting and finance advising company based out of the District of Columbia, reported GDP at 2% during the fourth quarter, MarketWatch noted that the current 10-year Treasury dropped to 2.19% Dec. 30. These conditions mimic those observed previously and lead economists to forecast a great year in 2015. 

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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