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
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.
Everyone was very helpful and very professional. Made buying a house a ton less stressful!Julie Breecher

NMLS# 877141

State Lic: AZ: 0920357;

Corp Lic: AZ: BK-0904081;

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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.

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Price growth and demand may indicate strong market

The S&P/Case-Shiller's Home Price Index for the 10-city and 20-city composites revealed slower price growth in November 2014. However, prices are up in January 2015 due to an increased number of homes listed, as well as a jump in demand for real estate.

Year-over-year growth decline in November 2014. Year-over-year prices in November declined 4.2% for the 10-city composite, which was down 2% from October 2014, according to a press release from S&P Dow Jones Indices. The 20-city composite also saw a slower rate of growth year over year with a 4.4% increase. October's gain sat at 4.5%.

Some regions still saw home value gains over the last 12 months. The leading gains among U.S. cities were seen in Miami and San Francisco with 8.6% and 8.9% increases year over year, respectively. Additional cities that saw increasing growth rates year over year included:


Monthly change for growth also declined from October 2014 to November. The 10-city composite price index dropped .26% and the 20-city composite index fell .22%, according to S&P Dow Jones Indices. 

Home prices up in January 2015. Redfin, a real estate brokerage, reported that home prices increased 7.6% in January. The median home price for the first three weeks of the year sits at $266,400, which is higher when compared to January 2014.

December 2014 had an atypical volume of homeowners list their homes on the market, coupled with a rising demand for real estate heading into January. First-time homebuyers are becoming more likely to apply for U.S. home mortgages and purchase new houses. More first-timers are taking home tours and demonstrating an increased interest in entering the market. 

Low interest rates, 3% down payment options and cuts to expenses associated with FHA loans may be responsible for the uptick in appeal. 

December real estate buying patterns indicate high activity. The total homes sold in December was 14.2% higher month over month at 125,491 units. This also showed a 4.9% gain year over year. New listings on the market also increased year over year by 9.5%.

However, buyers are tending not to pay more for homes. Only 14.8% of listings were sold above value, which is a 3.6% drop month over month and a 1.3% decrease year over year.

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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Mortgage fraud decreases

The risk of U.S. home mortgage fraud continued to decline in 2014's third quarter. Interthinx? released its Mortgage Fraud Risk Report, which found that fraud fell 2% since the previous quarter and 9% from 2013.

Fraud risk decreases for home mortgages. The Property Valuation Fraud Risk Index fell 5% from the previous quarter. The decreasing risk might be associated with a more affordable housing market.

"Housing price pressure and home affordability can closely correlate with fraud risk," Jeff Moyer, president of Interthinx?, said in a press release.

Moyer went on to note that the company's analysis indicated that a higher risk of fraud is often present when local markets are not as affordable.

Many factors affect the risk of mortgage fraud. According to the 2014 Mortgage Fraud Report published by CoreLogic, a leading financial, property, and consumer information and analytics company, job creation, changes to government programs and the number of individuals who are able to apply for home mortgages can determine the risk of mortgage fraud. If people are less likely to be approved for a home loan due to low job security or a bad credit history, they may be more likely to commit this crime. 

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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