Travis Wentworth

NMLS# 145360

Loan Officer

Travis Wentworth
Loan Officer

NMLS# 145360
State Lic: WA # MLO-145360;
601 W Main Street
Centralia, WA 98531
Branch: (360) 330-4464
Mobile: (360) 508-1360
Fax: (888) 885-6992
Presidents Club of Top Producers
travis.wentworth@academymortgage.com

I highly recommend Academy Mortgage in Centralia. Travis Wentworth expertise and amiable manner made the experience for this first-time home buyer smooth and uncomplicated.Anne Schaefer
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WELCOME!

It’s all about service at Academy Mortgage, and our company has been meeting the needs of home-buyers across the United States since 1988. I joined Academy because of its strong reputation for integrity-based mortgage lending, its unwavering commitment to responsible lending practices, and for its broad portfolio of mortgage solutions and tools.

Since joining Academy, I have helped many individuals and families attain the dream of home-ownership. Whether you want to buy a new home or refinance an existing mortgage, I will provide a customized solution for you at competitive rates. No brokering, no middleman, no hassle, no surprises.

Academy is a direct lender, which means that my Branch and Regional Offices are equipped to complete the entire loan process in-house—all loan processing, underwriting, closings, and funding are handled locally. As a result, we have a proven track record of closing loans as quickly and efficiently as possible.

I will be in control of your loan file from start to finish, and I will be up-to-date on the status of your loan at all times. I understand the importance of maintaining continuous communication throughout the loan process and commit to providing you accurate, timely, and honest mortgage advice.

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

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NMLS# 145360

State Lic: WA: MLO-145360;

Corp Lic: WA: CL-3113;

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Housing market continues to improve according to MiMi

A majority of the top 100 housing markets in the U.S. are improving, according to a press release from Freddie Mac, a government-backed lender. The company Multi-Indicator Market Index showed that markets continue to stabilize across the U.S. 

As the economy continues to improve, local markets demonstrate notable improvement. 

Improving U.S. economy encourages housing industry growth. The stability of the housing market should be credited to job security, more employment opportunities and macroeconomic improvement. Individuals who feel confident in their economic situation are more likely to apply for a U.S. home mortgage. Increased involvement in the market and more housing activity will continue to keep the ball rolling in a positive direction. 

The employment picture continues to improve in most markets helping to support greater interest in purchasing a home," noted Freddie Mac's Deputy Chief Economist, Len Kiefer. "For example, in markets like Fresno, California, Provo, Utah, and Portland, Oregon, the employment picture continues to improve, homebuyer affordability is also strong, and we're seeing purchase applications up nearly 20 percent compared to the same time last year."

Kiefer added that even markets with low inventory and affordability are beginning to see increases in purchase applications. 

Multi-Indicator Market Index shows improvement. Freddie Mac's report indicated a slight improvement of 0.65% for the national MiMi value during February on a month-over-month basis. The year-over-year improvement was 3.53%. 

A majority of the top 100 U.S. housing markets have shown improvement. More than 60% of the markets have an increased MiMi value. 

"Also, of the top 100 metro areas, over 60 are showing purchase applications up from the same time last year with over 20 of those metro areas showing double-digit percentage increases," stated Kiefer. 

Low rates may encourage interested buyers to enter the market. In addition to an improving housing market and increase in purchase applications, low interest rates may also attract individuals who are currently deciding whether to purchase a new home. According to Freddie Mac's Primary Mortgage Market Survey, the average interest rate has remained low over the course of the last few weeks. 

Interested homebuyers may want to lock in low rates and take advantage of the substantial savings available to qualified loan applicants. 

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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Best markets for first-time buyers

The housing market continues to stabilize as more lenders approve qualified young adults for U.S. home mortgages and the spring selling season begins. According to the National Association of Realtors, existing home sales increased 1.1% in the U.S. during the month of March. As more millennials enter the market, overall housing activity will also increase. 

Certain regions offer first-time buyers a friendlier market. According to Bankrate, the median listing price, average time a home stays on the market, total inventory and unemployment rate all dictate whether an area is more conducive to the needs of a young homebuyer

Best markets for first-time buyers offer lower prices. Whether a property is located in a buyer's or seller's market is important when an individual decides to invest in a new home. Redfin defines a buyer's market as one where there is a high volume of homes for sale and demand is lower. Buying a new home amid these conditions allows an individual to better negotiate an offer with a seller. First-time buyers will benefit from this housing environment and their participation will bolster the market. 

Bankrate indicated some of the best metro regions young adults can invest in include: 

These regions gravitate toward low median listing prices. According to the Federal Reserve Bank of St. Louis, the median sales price for new houses in the U.S. is $277,400. The median for all the urban regions included among the best markets for first-time homebuyers fell below this price. Raleigh's median listing price was one of the highest among the listed cities, and it remains nearly $50,000 below the national median. 

These lower prices may be more attractive to those who are investing in a home for the first time than regions such as San Francisco, which reports an average listing price of $710,000, according to Realtor.com. 

Lower unemployment rate may attract younger buyers to these regions. The unemployment rate also indicates a higher potential for available jobs in the community. The Bureau of Labor Statistics indicated the unemployment rate for March in the U.S. was 5.5%. Most of the regions listed above reported unemployment rates below the national average. 

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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Home equity improves for 1.2 million homeowners

More individuals who were impacted by the real estate crisis in 2008 have regained equity in their homes. According to the Fourth Quarter 2014 Equity Report from CoreLogic, a leading financial, property, and consumer information and analytics company, more than 1 million people who own homes saw their equity go up again after being underwater in 2014.

CoreLogic's report indicated an impressive number of borrowers regained equity in 2014. The data indicated that the national equity share climbed to 89%. However, number of homeowners now have positive equity on their houses. However, some properties remain underwater.

"Negative equity continued to be a serious issue for the housing market and the U.S. economy at the end of 2014, with 5.4 million homeowners still 'underwater,'" said CoreLogic President and CEO Anand Nallathambi. "We expect the situation to improve over the course of 2015. We project that the CoreLogic home price index will rise 5% in 2015, which will lift about 1 million homeowners out of negative equity."

While underwater homes persist, progress among some homes is a good sign of a strengthening housing market. Based on CoreLogic's Home Equity Report from the fourth quarter of 2013, the results of the latest edition revealed notable progress in the volume of underwater homes. In 2013, 13.3% of homes had negative equity. The new report indicated that this statistic dropped 2.5 percentage points in the fourth quarter of 2014. 

Different regions have varying equity situations. While the share of properties with negative equity across the nation sits at 10.8%, certain areas of the country have varying portions of local homes that are underwater compared to the national figure. The top five states with mortgaged homes underwater included: 

  1. Nevada
  2. Florida
  3. Arizona
  4. Illinois
  5. Rhode Island

The top five states containing properties with mortgages that had positive equity included:

  1. Texas
  2. Alaska
  3. Montana
  4. Hawaii
  5. North Dakota

In addition, the total value of the home seemed to impact whether the property had a positive equity position. A total of 94% of houses valued at more than $200,000 had positive equity, while only 84% homes worth less than $200,000 were above water.

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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