Loan Originator NMLS# 146802State Lic: IN # 14894;
10729 Coldwater Road
Suite 200 & 220
Fort Wayne, IN 46845
Direct: (260) 494-1111
Fax: (800) 849-3426
Master's of Business Administration - Indiana University
Bachelor of Science in Business - Indiana University
Certified Public Accountant email@example.com
It was great working with Academy. The team helped us complete our escrow without any problems and responded very quickly to all our needs! Would recommend them!Jeff Klingensmith
Nick Staker is an award-winning mortgage loan professional who has been providing clients with superior mortgage services since 2002. As a loan originator, Nick has helped hundreds of clients finance properties of all sizes. He is recognized as a top producing loan officer, having appeared on Academy Mortgage’s Top Producers list four consecutive years (2012-2015). In 2013 he was ranked #9 in the country in purchase units and in 2014 was #20 in the same category. He was recently named in Scotsman Guide as the #1 USDA Loan Originator in the State of Indiana (ranked #18 in the Nation).
Nick works diligently to offer clients the best possible loan products. “Our goal is to ensure that each person obtains a carefully-tailored loan program that fits their short- and long-term financial plans.” Nick strives is to provide services that demonstrate his team is a group of educated, proactive individuals dedicated to finding the most appropriate programs available.
The Staker Team at Academy Mortgage Corporation offers Conventional, FHA, VA, and USDA (no down payment) mortgages. The Staker Team’s office is located in Academy Mortgage Corporation’s Great Lakes Region, enabling Nick’s group to provide processing, underwriting and closing services. They take pride in assuring that loans are handled personally and locally. In addition, they have the flexibility to meet demanding closing dates. The Staker Team’s industry knowledge and competitive rates help ensure customers receive the best possible product and superior service.
Read these articles to educate yourself on the mortgage process and industry.
A home purchase can seem like a daunting task, so it’s important to take it step by step and know that help is out there to streamline the process. Sure, you might have been saving money for years, but what else can you do to help fulfill your dream of owning a home? It starts by applying for a mortgage. Mortgages are designed to help individuals and families purchase a house when they otherwise might not have been able to.
Prepare to apply. In order to apply for a mortgage, you will want to do your homework first. This means knowing exactly where you stand financially. Assess your household budget and savings, seeing just how much you can afford to spend on a down payment. From there, you want to request your credit report. This will have a significant impact on what the interest rate will be on your home loan and whether or not you qualify for a purchase at all. Your credit score shows a lender essentially how trustworthy you are. While a poor credit score will hurt your chances of obtaining a low rate, don’t let it completely discourage you. There are ways to purchase a home even with a less-than perfect score and ways to raise your score.
Get pre-qualified. Once you know you want to purchase a home, you will want to consider getting pre-qualified for a mortgage immediately. This can help speed up the process, not to mention help you avoid potential headaches down the road. For example, you might have found the home of your dreams, but getting approved for a mortgage could take some time, something that could cost you an opportunity at purchasing. A pre-qualification will last 90 days, ensuring you are all set when you finally decide to pull the trigger on a purchase.
Finding a home. After you’re pre qualified for a loan, you’ll know how much you can afford. Now you can begin searching for the home of your dreams, without having to worry about whether you’ll actually be able to make a purchase.
Final loan approval. You will receive final approval for a home loan if you have a good credit score and debt-toincome ratio. Keep in mind that approval could depend on certain financial or property conditions that need to be met first.
When purchasing a home, buyers may receive two property-related reports to consider—a home inspection and a home appraisal. These reports serve completely different purposes, and one is optional and one is required by Academy Mortgage.
DETERMINES PROPERTY CONDITION
This report is ordered by and completed solely for the individual(s) purchasing the home. It helps determine the condition of the property and its systems in great detail. It is not required by Academy and is, therefore, optional.
HOW MUCH DOES IT COST?
Home inspection costs vary depending on the complexity of the inspection and the size of the home being inspected.
HOW AND WHEN IS IT ORDERED?
A home inspection is ordered by the buyer and his/her agent with an inspector of their choosing shortly after the buyer’s offer is accepted. Most states’ real estate contracts stipulate that the buyer has 10 days from the date of contract acceptance to complete the inspection and communicate any issues to the seller.
WHEN IS THE REPORT DELIVERED?
The home inspection report is generally delivered to the buyer within 24 hours from the time the inspection was completed.
DETERMINES PROPERTY VALUE
This report is required by Academy when a home purchase is being financed. The appraisal is used to determine the fair market value and the general physical condition of the property being purchased.
HOW MUCH DOES IT COST?
Home appraisal costs vary slightly depending on the size of the home and whether the home will be an investment property or a primary residence.
HOW AND WHEN IS IT ORDERED?
Academy typically waits to order the appraisal until after the home inspection is completed (if the buyer decides to do a home inspection). Per government-regulated guidelines, Academy is required to randomly assign an appraiser to an appraisal order.
WHEN IS THE REPORT DELIVERED?
Typically, a home appraisal report is delivered to Academy within 5–7 business days from the time it is ordered.
From pre-qualification to closing, Academy Mortgage will help you along the road to home ownership. You can count on us for responsible, honest, and ethical service in every step of the process.
1. Loan pre-qualification. Pre-qualification allows you to search for a home that you can afford based on your credit, income, and assets.
2. Home search. Once pre-qualified, start shopping with your real estate agent! When you decide on the right home for you, the terms of sale are negotiated and your agent presents your offer to the seller.
3. Formal loan application and product selection. After the seller accepts your offer, formally apply for home financing and select the ideal loan product to meet your needs.
4. Appraisal and home inspection. As your loan application is being processed, an appraisal is ordered to identify any discrepancies between the sale price and appraised value. An inspection of the property is also conducted if you request it. A home inspection is optional, while an appraisal is required by Academy Mortgage.
5. Processor’s and underwriter’s review. A loan processor reviews the entire loan file and sends all pertinent information to an underwriter who makes the final decision to approve the loan.
6. Final loan approval. Keep in mind that there may be financial conditions or property conditions that need to be met before final loan approval.
7. Closing. Final loan and escrow documents are prepared and signed by you (the buyer) and the seller.
8. Funding. A wire or check for the amount of the loan is sent to the settlement agent.
9. Close of escrow. The loan funds are disbursed to the entitles parties and escrow is "closed."
10. Confirmation of recording. Documents that transfer titles are recorded with the county to legalize you as the new property owner.
Ultimately the final step . . . MOVE INTO YOUR NEW HOME!