Jake Krabbe

NMLS# 877141

Mortgage Loan Officer

Jake Krabbe
Mortgage Loan Officer

NMLS# 877141
State Lic: AZ # 0920357;
15333 N. Pima Road
Suite 205
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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ARTICLES

Read these articles to educate yourself on the mortgage process and industry.
Mike is the best of the best. He always communicates with my buyers and myself throughout the whole transaction. He explains everything really well and always comes through for us. I periodically get calls from Mike, every step of the way and he always consults with me and advises of where we currently are. As well, he's very honest if he thinks there will be any issues so we can all prepare accordingly. Nancy Lara - Realtor

NMLS# 877141

State Lic: AZ: 0920357;

Corp Lic: AZ: BK-0904081;

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Where to find the largest homes in the US

The size of a home can vary a great deal. The largest homes in the U.S. are present in those communities due to a few specific factors such as higher median incomes and sparsely populated metropolitan centers. According to 24/7 Wall Street's analysis of data from realtor.com, the largest homes in the U.S. can be found in: 

  1. Provo-Orem, Utah
  2. Houston-The Woodlands-Sugar Land, Texas
  3. Colorado Springs, Colorado 
  4. Atlanta-Sandy Springs-Roswell, Georgia 
  5. Raleigh, North Carolina 

24/7 Wall Street collected data from the Census Bureau's American Community Survey and the Bureau of Labor Statistics to create its report.

These cities offer potential homeowners with the opportunity to purchase and have access to larger and possibly even more luxurious real estate options. The regions listed above boast larger median home sizes and higher real estate prices. In November, seven out of the top 10 urban areas to find large homes had houses with median values of more than $200,000. Only two of the top five regions fell slightly below the $200,000 median housing price.

Higher median household income impacts larger home market. In addition, median household income increased alongside home prices and sizes. The top city for the nation's largest homes reported the 44th-highest median household income of $60,051 and a 3.2% unemployment rate.

For a national perspective, Sentier Research reported that the U.S. median household income in November was approximately $53,880

Housing is one of the most substantial investments that Americans make. The Wall Street Journal said that lenders suggest that out of a potential homeowner's monthly paycheck, 28% can be put toward a U.S. home mortgage. Having a higher income allows Americans to spend more money on a monthly mortgage, which often translates into a larger home.  

Less-populated cities may increase the number of larger homes available. Cities with more larger homes tend to not as densely populated as metro areas with smaller homes, according to 24/7 Wall Street.

In 2010, the U.S. Census Bureau conducted the last census. The Bureau reported that Provo, Utah, housed 2,699.3 people per square mile, and Houston had a population density of 3,501.5 people per square mile. 

These cities have a far less dense population when compared to major metropolitan centers such as Los Angeles, Chicago and New York. According to the Census Bureau, Los Angeles held 8,092.3 people per square mile, Chicago reported 11,841.8 people per square mile and New York more than doubled Chicago's population density with 27,012.5 people per square mile. 

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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Mortgage rates rise alongside employment opportunities

As job growth continues, interest rates of U.S. home mortgages have jumped up. This may signify that the housing market is strengthening along with the economy.

Mortgage rates see an uptick in February. Freddie Mac, a government-sponsored enterprise, released the Primary Mortgage Market Survey, and the results showed that fixed-rate mortgage rates rose. The average rate for a 30-year FRM was 3.69% for the week ending Feb. 12. This was up 0.10 percentage points week over week, and 15-year FRMs increased to 2.99% and was up 0.06 percentage points from the previous week.

However, individuals still have an opportunity to get a low mortgage rate. While interest rates are seeing their highest numbers this year, rates are still historically low. The current average interest rate for a 30-year FRM is 0.59 percentage points lower than the same time a year ago, when it was 4.28%. Last year at this time 15-year FRMs were also notably higher at 3.33%.

Job opportunities increased in January. The heightened interest rates reflect stronger employment opportunities. As the economy improves and the job market strengthens, the housing market can continue to recover from the 2008 housing crisis.

"The economy added 257,000 new jobs in January after robust increases of 329,000 in December and 423,000 in November," said Len Kiefer, deputy chief economist at Freddie Mac. "The unemployment rate edged up to 5.7% last month from 5.6% in December. Average hourly earnings rose 0.5%, following a 0.2% decline in December."

Jobs opportunities available in construction saw a notable increase in January

Construction industry sees continual job growth. A strengthening housing market may be responsible for the trend seen in the construction sector over the last 12 months. 

The National Association of Home Builders noted that continual job growth will encourage a heightened demand for housing. Consumers with steady jobs may become more confident in the housing market and decide to invest in real estate and help drive the demand for housing.

More employment opportunities and higher wages may stimulate construction activity to accommodate the needs of an increasing need for more real estate options.

Economy strengthens in 2015. In addition to job growth, Reuters reported that the U.S. economy is expected to improve substantially this year. Economists who participated in a Reuters poll anticipated 3.2% growth for gross domestic product in 2015.

"There may be a few ups and downs this year, but the economy's fundamentals are very strong and they are going to outweigh the issues from abroad. Three percent GDP (growth) is achievable," Ryan Sweet, senior economist at Moody's Analytics, told Reuters.

An increase in employment opportunities and more affordable energy and fuel are expected to increase consumer spending and continue to bolster the U.S. economy. 

The notable job growth and improving economic situation can encourage the improvement of the housing market in 2015. 

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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