Scott Smith

NMLS# 227666

Loan Officer

Scott Smith
Loan Officer

NMLS# 227666
State Lic: CA # CA-DOC227666; AZ # 0911860;
2314 South Val Vista Drive
Gilbert, AZ 85295
Direct: (480) 344-3658
Fax: (888) 511-7382
Mobile: (602) 373-5202
s.smith@academymortgage.com

Payment Calculator
$
Yrs.
%
Calculate
$
Academy's My Mortgage App

Welcome!

Scott is a native of Detroit, Michigan where he earned his degree in finance at Michigan State University. He has called Arizona home since 1998. With 15 plus years of mortgage experience Scott specializes in hands on lending and is considered an expert in helping people attain their dream of home ownership! Scott has helped over 1000 Families buy homes and has been honored at Academy as a Top Producer Nationally every year since 2014.

His expertise with residential mortgages includes: Jumbo, FHA, VA, Conventional, HUD and renovation loans like the 203k. Scott also specializes in down payment assistance programs.

Scott and the Academy Team handle every step of the loan process under one roof, including but not limited to, Originating, Processing, Underwriting, and Funding. This ensures that Scott and team are able to effectively communicate your loan’s status throughout the process.

Academy Mortgage is proud to be one of the top independent purchase lenders in the country. With our hands on approach, and top notch customer service, we ensure that our clients and business partners have an enjoyable mortgage experience.

Scott enjoys sports, reading, walking the dog with his wife and supporting local charities.

I invite you to put us to the test. Let me show you how simple and easy securing a mortgage can be.

Mortgage Education

View these helpful tips for becoming a homeowner.
This particular closing was for my wife's sister who's dream was to always own a home. She and her husband were turned down by another lender before they even began the process. Because Scott is so persistent and doesn't look at things transactionally, he walked them through the process and had them ready to purchase a home in only 30 days. They closed on the home on 6/30/15 and have never been happier. This would have never occurred without Scott's hard work and determination.Edan Baehmann

NMLS# 227666

State Lic: CA: CA-DOC227666; AZ: 0911860;

Corp Lic: CA: 4170013; AZ: BK-0904081;

Licensed by the Department of Business Oversight Under the California Residential Mortgage Lending Act;

Tips for a Simple Loan Approval

If you encounter a special situation, it is best to mention it to us right away so we can help you determine the best way to achieve your goals.

DO’s

DONT’s

×

10 Steps to Homeownership

From pre-approval to closing, Academy will help you along the road to homeownership. You can count on us for responsible, honest, and ethical service in every step of the process.

  1. Loan pre-approval. Pre-approval allows you to search for a home that you can afford based on your credit, income, and assets. An application and supporting financial documents must be submitted to your Loan Officer, including pay stubs, tax returns, and account statements.
  2. Home search Once pre-approved, 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 application is being processed, an appraisal is ordered to identify any discrepancies between the sale price and appraised value. Properties are also inspected for water and termite damage and other safety hazards.
  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. If you have a good credit score and debt-to-income ratio, your loan will likely be approved. 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 title company.
  9. Close of escrow. Documents that transfer titles are recorded with the county.
  10. Confirmation of recording. The title company authorizes the escrow company (or closing agent) to draft a check to the seller.

Ultimately the final step . . . MOVE INTO YOUR NEW HOME!

×

BUYING VS. RENTING

For many, the benefits of buying a home outweigh the advantages of renting. With mortgage interest rates at historic lows and rents on the rise, now is an affordable time to finance a mortgage with a fixed monthly payment lower than rent.

If you plan to stay in your home for more than six years, buying a home could save you thousands of dollars over renting. And don’t forget about the noisy neighbors upstairs.

The Benefits of BUYING

TAX SAVINGS
Mortgage loan interest is deducted from your state and federal income taxes and a portion of your property taxes may also be deducted.

STABILITY
Fixed mortgage payments (principal and interest) will not change during the loan term whereas rent payments may increase annually.

BUILD EQUITY
Owning a home long term allows equity to build and thus your home investment to grow.

The Benefits of RENTING

FLEXIBILITY
Renting may be the preferred option for those planning or needing to make a move in less than six years.

LITTLE OR NO MAINTENANCE
Renters are often able to rely on landlords and property managers to pay for and make necessary home repairs.

UTILITIES MAY BE COVERED
Some utility expenses may be included in monthly rent payments.

Contact me today to start realizing the benefits of homeownership.

Please consult a tax professional about your specific situation and the tax savings benefits of homeownership.

×