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

The buyer also enjoyed working with Travis, he made their first time home buying experience a good one. Jill McNaught
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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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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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Cuts to FHA fees receive praise

On Jan. 7, President Barack Obama announced a plan to lower fees associated with home loans distributed by the Federal Housing Association. The reaction from the National Association of Home Builders, one of the largest trade associations in the nation, was overwhelmingly positive. The National Association of Realtors, another trade association, also announced support for the decision.

NAHB applauded Obama's plan. New-home construction may increase if demand rises due to lower fees. The Wall Street Journal reported economists' enthusiasm for the loosening qualifications required to apply for a U.S. home mortgage. With more accessible home loans, a greater volume of qualified borrowers are encouraged to enter the housing market. The NAHB valued the improved affordability and released a statement regarding its appreciation for the plan.

"NAHB commends the president for taking action to reduce FHA's annual mortgage insurance premiums by 50 basis points to 0.85%," said Kevin Kelly, the NAHB Chairman. Kelly also stated lower premiums may encourage and assist first-time home buyers enter the housing market. He also believed this was an indication of FHA's financial improvement. 

The association is confident in the president's decision. In addition, CNBC reported home? builder stocks were on the rise. Lennar, Toll Brothers, PulteGroup, KB Home and DR Horton saw gains after President Obama's announcement.

Members of the NAR agreed with the intended plan. The real estate association's opinion on Obama's announcement was also positive, according to its press release.

"As the leading advocate for homeowners, Realtors strongly support Obama's plan to reduce annual mortgage insurance premiums on home loans backed by the Federal Housing Administration, which are currently so expensive that in 2014, roughly 234,000 credit worthy borrowers were priced out of the market," said Chris Polychron, president of the NAR.

He continued to state affordable loans offered by the FHA would encourage first-time homebuyers that have been discouraged by higher fees. Over the past four years, the percentage of first-time buyers applying for FHA loans has decreased 17%.

Polychron stated that NAR predicts the execution of this plan could result in 90,000 to 140,000 additional home purchases each year. The real estate association forecast a great deal of growth in the housing market as a result of the president's announcement.

Academy Mortgage is one of the top independent purchase lenders in the country as ranked in the 2013 CoreLogic Marketrac Report. Visit www.academymortgage.com to find a loan, get a rate, or calculate your payment today.

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Foreclosures continue to decline

The housing market continues to show signs of improvement into 2015. As the economy strengthens and Americans gain more financial stability, maintaining home ownership seems easier, and homeowners are less likely to foreclose. 

Number of repossessed homes fell last year. According to data released by RealtyTrac, a real estate information company,  foreclosure filings in 2014 dropped 18% from 2013 and 61% from 2010, when the foreclosure rate was at its highest point historically. In addition, 2014 proved to be the lowest number of foreclosure filings since in 2006.

The drops in filings appears to be additional evidence indicating an improving housing market, according to The Guardian. 

"Foreclosures are no longer a threat to home values nationwide," said RealtyTrac Vice President Daren Blomquist.

Some states saw an uptick in Real Estate Owned property in 2014. While nationally there was a dramatic drop in foreclosure filings, nine states saw an increase in REOs, according to RealtyTrac. Some states that saw more foreclosures included:

Academy Mortgage is one of the top independent purchase lenders in the country as ranked in the 2013 CoreLogic Marketrac Report. Visit www.academymortgage.com to find a loan, get a rate, or calculate your payment today.

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