Wes Moore

NMLS# 205189

Senior Loan Officer

Wes Moore
Senior Loan Officer

NMLS# 205189
State Lic: CO # 100507547; NM # 205189; AZ # 0940893;
6733 Academy Road NE
Albuquerque, NM 87109
Direct: (505) 249-4506
Certified Military Housing Specialist
Certified Residential Mortgage Specialist
Military Mortgage Boot Camp Instructor
wesley.moore@academymortgage.com

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Welcome!

For me, It’s all about service, and I have been serving families across New Mexico since 1988. In fact, NOW I am licensed in both Colorado, and Arizona!

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 homeownership. 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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The team did great and now my newborn child can soon have a place to call home ! :) thank you very much!! We love our home ! Jennifer Curry

NMLS# 205189

State Lic: CO: 100507547; NM: 205189; AZ: 0940893;

Corp Lic: CO: 3113; NM: 01451; AZ: BK-0904081;

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Why veterans and active-service military homebuyers love VA loans [Infographic]

VA loans are one source of funding that an increasing number of qualifying homebuyers who are or have been in the U.S. military have found to be highly beneficial.

VA loans are available to qualifying active-service military personnel and veterans and are a wonderful benefit the U.S. Department of Veterans Affairs offers these brave men and women. Nearly three-quarters of active-service military buyers and more than half of veterans take advantage of the VA loan program.

There are plenty of reasons that could convince a qualifying member of the military to use a VA loan. If you are a qualifying member of the military, here are three important reasons to consider using a VA loan:

Affordability

Most home loans either require a down payment of at least 20% or the purchase of Private Mortgage Insurance if you aren't able to provide that amount at the time of closing. However, VA loans don't require either. This means you may find they are a much more affordable option. 

Versatility

A VA loan can help in almost any of your homeownership goals, whether they involve to buying, building or refinancing. There are some requirements you'll need to meet to qualify. For example, the home needs to be your primary residence to be eligible.

Accessibility

For many loan products, there are certain qualifiers that allow you to obtain a loan or a low interest rate. For example, if you have a foreclosure or bankruptcy in your past, it may prevent you from getting a loan or an affordable interest rate. However, a VA loan is still obtainable with these financial hardships on your record.

Additionally, some lenders discourage early payments by imposing fees for pre-paying your bill. VA loans don't do this, which makes creating a payment plan that suits your lifestyle and income easy. If you prefer to make two smaller payments during the month instead of one bigger one, you can. Or, if you want to go ahead and pay your mortgage as soon as you get paid rather than waiting for your bill to come in, go right ahead.

What will your reason be for getting a VA loan for your next home purchase? With Veterans Day coming up on Nov. 11, many people and businesses will be saying thank-you to the brave men and women who have and are currently serving in our military. Tell the lenders at Academy Mortgage the next time you're in the market for a new house, and we will be happy to help you buy your perfect home.

Academy Mortgage is one of the top independent purchase lenders in the country as ranked in the 2015 CoreLogic Marketrac Report. Contact me to find a loan, get a rate, or calculate your payment today.

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Debunked: 5 down payment myths you probably still believe

More than 200 million Americans live in homes they own themselves, according to the U.S. Census Bureau. Still, despite the large percentage of the population that has successfully gone through the homebuying process, it remains a mystery to many citizens. For those considering a home purchase this year, myths about what is necessary to buy a home may keep them from joining the 64 percent of the country who live in owner-occupied houses.

Here are 5 down payment myths you probably still believe, but shouldn't:

Myth No. 5: I need a 20% down payment.

Many people have heard that a 20% down payment - at minimum - is required to obtain a residential mortgage. This myth became popular because it's generally recommended that most people have a 20% down payment ready when they wish to buy a home. However, that doesn't mean it's necessary. In fact, the typical down payment today is between 5 and 10%, according to SmartAsset.

Myth No. 4: My down payment has to be all my own money.

For many people, the most challenging aspect of buying a home is saving for the down payment, according to the National Association of Realtors. While the majority of people use their own money for the down payment, this is hardly required. Freddie Mac pointed out that there are several options for those saving up for a home, including:

Myth No. 3: Down payment assistance programs are only for first-timers.

Down payment assistance programs can be a wonderful help to first-time homebuyers who are new to the world of real estate. But, as any second-time homebuyer may tell you, it's not always smooth sailing on your second go-round.

This is particularly true for those who haven't gone through the homebuying process in several years. And, considering the average time spent in a home is a decade, it seems safe to say that most home sellers are out of practice when it comes to navigating a home purchase.

Because of this, the definition of "first-time homebuyer" is a bit more complicated than one might assume. According to the U.S. Department of Housing and Urban Development, a first-time homebuyer is someone who:

Beyond these many definitions, it's important to note that not all down payment assistance programs specify that they're only available to first-timers.

Myth No. 2: Programs are only available in big cities.

Down payment and homebuyer assistance programs are available in every corner of the country. Every homebuyer, whether they're living in a big, bustling city like Los Angeles or New York City, or in a tiny, rural community, has access to a program that can simplify the homebuying journey. To find one for you, begin by browsing through the state housing agency loans available through Academy Mortgage.

Myth No. 1: Down payments are always required.

Not every home purchase is secured with a down payment. Crazy as it sounds (especially if you believed you needed as much as 20%), some homes can be bought with no cash down. Here are two popular 100% financing options you can look into:

VA Loans

If you or your spouse is a veteran, an active-duty service member or a part of a reserve program, you could qualify for a VA loan, and may not be required to make a down payment upfront.

USDA Loans

Also called farmers' or rural loans, the U.S. Department of Agriculture backs these loans which encourage buyers to make a home purchase in qualifying areas of the country. While their name suggests that it only applies to far-away plains, it actually encompasses some surprisingly suburban areas. While you won't find a qualifying home in the center of a major metropolitan area, you'll likely find one within driving distance. Check out the USDA website to explore eligible areas.

Academy Mortgage is one of the top independent purchase lenders in the country as ranked in the 2015 CoreLogic Marketrac Report. Visit www.academymortgage.com to find a loan, get a rate, or calculate your payment today.

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3 sources of down payment funds that aren't your savings

Thousands of Americans make the move to homeownership every month. But buying a home isn't always simple. In fact, it can often become confusing and stressful.

What is making the buying journey difficult for consumers?

For many, saving up for the down payment is the most challenging hurdle to overcome, as cited by 13 percent of people who participated in a survey by the National Association of Realtors.

And, though it's become more widely known that the "standard" 20 percent down payment isn't always necessary, many still struggle to save up.

But, did you know there are more ways to come up with the funds for a down payment than simply through savings?

Here are some perfectly sound yet commonly overlooked means to funding your home purchase:

1. Explore a zero-down mortgage program

For the average conventional mortgage, borrowers who put less than 20 percent down are charged an added fee called Private Mortgage Insurance. However, the conforming mortgage isn't the only financing path consumers can take.

Several programs that are backed by the government allow qualifying borrowers to take out a mortgage without making any down payment at all.

VA loans are for active-duty service members, veterans and spouses of those who fit these two distinctions. Eligibility rules are based on date and duration of service, and not everyone qualifies. However, it's worth checking out; no down payment is required, and neither is paying PMI.

USDA loans are granted to buyers looking in a qualifying area - often rural or suburban locations - and under a certain income limit. The actual limit varies state by state, county by county. Like VA loans, there's no required down payment or PMI.

FHA loans aren't zero-down mortgages, but the down payment can be very low if your credit score is above a certain threshold. If your score is higher than 580, you're only required to put down 3.5%.

2. Save gift money for a home

If you've recently gotten married or had a baby, you perhaps received financial gifts from family and friends. Though commonly believed to be off-limits for home purchases, this cash is actually perfectly fine to help fund your down payment.

Though considered a wedding-planning faux pas for many years, stating your preference for a cash gift is becoming more widely accepted today, according to The Knot. You'll still want to set up a traditional registry for those guests who really would rather pick out a gift and you should steer away from naming specific amounts, but it's unlikely that many of your guests will truly be offended at your request.

3. Sell something

More than one-third of respondents to NAR's survey for its 2016 profile of home buyers and sellers said their down payment came from the sale of a primary residence. If you're already a homeowner, it's pretty common to use the proceeds from selling the home as a down payment on your next purchase.

But what about those first-time buyers who don't have a house to sell yet?

Take a look at your other assets, Money Talks News suggested.

Do you have an extra car? What about a motorcycle? Too many flat-screen TVs, or simply an attic full of stuff? Maybe one of these items isn't worth much, but a whole attic-full might be.

Is a lack of savings keeping you from realizing your dreams of homeownership? Don't let your goals become delayed because of a shortage of cash. There are plenty of options to obtain the funds for down payment.

To learn more about how to become a homeowner this year, reach out to Academy Mortgage.

Academy Mortgage is one of the top independent purchase lenders in the country as ranked in the 2015 CoreLogic Marketrac Report. Visit www.academymortgage.com to find a loan, get a rate, or calculate your payment today.

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