Stephenie Converse

NMLS# 304542

Senior Loan Officer

Stephenie Converse
Senior Loan Officer

NMLS# 304542
State Lic: AZ # 0915756;
1375 W. 16th Street
Suite B
Yuma, AZ 85364
Direct: (928) 247-9089
Mobile: (928) 388-4774
stephenie.converse@academymortgage.com

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Meet Stephenie Converse

I would like to introduce myself. I am Stephenie Converse, and I am a Senior Loan Officer with Academy Mortgage Yuma. I was born and raised in Yuma, and I have grown up knowing how important it is to build local relationships. I have built my eleven years of my career in the mortgage industry, and it is a fulfilling career, as it allows me to give back to my community and enrich the lives of my family, friends, and clients; they are all connected in many ways, and that is why I love what I do.

I am passionate about spending time in face-to-face meetings with all of my clients. There is no better way to determine your unique needs, and that is vital to me, to find exactly the right loan for you.

I work hard to keep myself and my team current in new VA, Conventional, FHA, and other loan programs, federal and state legislation, and community topics and growth. This knowledge ensures that you have as much information at your disposal as possible.

The process of securing a home loan, or refinancing your home, becomes an education. I will educate you and collaborate with you every step of the way, and earn your trust and confidence as a result. I will provide that "Wow" factor that is usually unexpected in our industry. Perhaps you are not quite ready to qualify for that home yet. I can assist you in understanding your credit, so that you can secure that home when you are truly ready!

Beyond my amazing team of Loan Officer Assistants, I count all of the Real Estate Agents that I work with as part of my team as well. At the end of the day, we all work together to make this a seamless process. I pride myself on closing your loan on time, and with the least amount of frustration and cost to you, my client.

My husband Chad and I are blessed with three amazing children, and an extensive family. Our roots in Yuma are in farming and law enforcement, and our faith and family are the cornerstones of our lives. We love camping, hunting, the river, the sand dunes, and family game nights.

Mortgage Education

View these helpful tips for becoming a homeowner.
Answers texts promptly... Extremely professional , Stephanie went out of her way to make us feel at home. AwesomeAAAA+Joseph Galioto

NMLS# 304542

State Lic: AZ: 0915756;

Corp Lic: AZ: BK-0904081;

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

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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!

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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.

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