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When it comes to helping individuals and families achieve successful homeownership, Academy is 1st CHOICE. For over 25 years, we have delivered exceptional mortgage service, in-house loan fulfillment, a broad portfolio of products and tools, and integrity-based mortgage banking.
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.
Read these articles to educate yourself on the mortgage process and industry.
Buying a home might become a more appealing option for individuals. Experts expect rental rates to remain higher for a while, and purchasing real estate may prove to be a more affordable living arrangement.
"Solving the rental affordability crisis in this country will require a lot of innovative thinking and hard work, and that has to start at the local level, not the federal level," said Stan Humphries, Zillow's chief economist. "Housing markets in general and rental dynamics in particular are uniquely local and demand local, market-driven policies."
The rising costs associated with renting may persuade more individuals to consider owning a home as a more affordable option.
Homeownership more affordable than renting. Historically low interest rates on U.S. home mortgages, low down-payment options and the Federal Housing Administration's decision to lower mortgage insurance premiums may increase the attractiveness of buying real estate. The demand for rental properties is driving up rental prices, and changes to the cost of homeownership decreases those expenses.
Zillow noted that many current renters are becoming increasingly frustrated with the rising cost to rent. The hikes are encouraging some individuals to enter the housing market and purchase a home. Their potential contributions to the real estate market may continue to strengthen the continual recovery from the housing crisis in 2008.
"Vacancy rates on rental units in the fourth quarter were down to 7 percent, the lowest in more than 20 years," said Nationwide Insurance's Chief Economist David W. Berson.
Realtor.com recommended comparing the costs between renting and buying before deciding which option is best for your local housing market. In some instances, renting is more costly. However, before buying, take a look at the local school district and the current graduation trend. Also, take notice of whether new businesses and restaurants are coming to a neighborhood or leaving. This can indicate whether purchasing a home in a certain area would be a quality investment.
Increasing rental expenses and more favorable homeownership conditions may persuade more people to purchase homes and bolster the housing market.
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.
Expenses decreased for loans provided by the Federal Housing Administration to make homeownership more accessible to Americans. According to a press release from the White House, potential borrowers can save $900 annually on their mortgage payments with the adjusted FHA loan pricing.
The potential reduction in cost may appeal to a number of interested buyers. However, a possible homeowner should first be aware of where house payment savings are most apparent and whether he or she would benefit from an FHA loan before applying for a U.S. home mortgage.
Homebuyers must know the average price of a home in their markets. The savings associated with an FHA loan will fluctuate depending on which housing market a home is located in. RealtyTrac, a realty information company, created a map that shows both the annual savings after the reform as well as where an individual with a median income would spend 28% or less of his or her salary to afford a median-priced home.
Los Alamos, New Mexico, for example proved to be a beneficial area to invest in housing by utilizing an FHA loan because annual savings could add up to $1,124 and home affordability, or percentage of income spent on median-priced housing, sits at 16.15%. Anchorage, Alaska, teeters just above 28% at 28.5% but offers $1,351 in annual savings.
Ouachita, Louisiana, offers only $670 in annual savings and 28.6% in home affordability. Adams, Mississippi, might show an average annual savings of $1,351 but with an 81.98% affordability rate, an FHA loan in region like this may not provide you with the best deal.
Potential buyers should be familiar with their local housing markets and know the benefits an FHA loan may provide before beginning the application process.
Some applicants benefit from FHA loans. The Columbian reported that a potential borrower able to provide a down payment of 5% or less coupled with a credit score ranging from 620 to 719 would find FHA loans more cost effective than a conventional loan. However, a higher credit score and the financial stability to provide a larger down payment might mean a conventional loan is a better option due to upfront premium fees that are still associated with an FHA loan.
A mortgage provided through the FHA can help first-time homebuyers who may be intimidated by down payment and credit score requirements. According to the U.S. Department of Housing and Urban Development, the first step down the road of homeownership requires organization. A potential homeowner should determine what his or her financial capabilities are and research opportunities and resources available to him or her. HUD provides many buyers with access to housing counselors who can help individuals navigate through the process of purchasing a new home.
Awareness and understanding of local housing markets, anticipated savings and possible home loan options can help alleviate extra costs associated with homeownership.
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.
The number of completed foreclosures dropped in December 2014, according to a national foreclosure report released by CoreLogic, a leading financial, property, and consumer information and analytics company. An improving housing market and the implementation of programs to help limit completed foreclosures may be responsible for the drop.
This decline may encourage consumers' optimism in the housing market and ultimately further bolster the condition of national real estate.
Completed foreclosures noticeably fall. The number of nationwide foreclosures dropped from 46,000 in December 2013 to 39,000 in December 2014. This 13.7% year-over-year decrease may signify continual improving conditions in the housing market and U.S. economy at large.
"The steady decline in the number of completed foreclosures is a good sign of healing in the U.S. housing market," said the president and CEO of CoreLogic, Anand Nallathambi. "Nonetheless, there remain many pockets of the country with very high foreclosure inventories, underscoring the unevenness of the nation's housing recovery."
HousingWire emphasized that while the number of foreclosures is still higher than the average before the housing market crisis, this progress bodes well for homeowners and real estate.
Programs implemented to help cut down the volume of foreclosure activity. The decreased number of total completed foreclosures may be due to an improving housing market as well as programs the government has developed to help individuals who may face foreclosure. The U.S. Department of Housing and Urban Development noted that the Obama administration enacted a number of programs to help alleviate the risk of foreclosure. The Making Home Affordable Program, Home Affordable Modification Program, Second Lien Modification Program and Principal Reduction Alternative are among the strategies officials implemented to help stabilize the real estate market.
These different programs provide individuals with options when foreclosing on a home becomes a significant threat. Each program can offer assistance to people who may be underwater, need to refinance for a more affordable home loan or must find a way to transition into a more affordable housing option. If homeowners are having difficulty making payments, HUD suggested that they reach out to their mortgage company to discuss options before it is too late. Homeowners do not have to feel trapped with new programs available.
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.