Who is the top FHA mortgage banker is in the Phoenix metropolitan area?
The local independent statistical data confirms that it is still Academy Mortgage, home of the ten day close.
This has consistently been the case over the past number of months.
Academy’s local market success was first reported in December 2009.
To clarify, there are three typical classifications of mortgage companies:
- Banking Institutions (state or federally chartered depository institutions ex. Wells Fargo)
- Mortgage Banker (non-depository mortgage company that funds mortgage loans with their own resources ex. Academy Mortgage)
- Mortgage Broker (non-depository mortgage company that originates mortgage loans and brokers them to banks or bankers for funding)
Not bad considering that you can count the number of Academy Mortgage offices in Maricopa County on one hand.
Just more proof that Academy Mortgage Corporation, the nation’s #1 independent mortgage banker.
Academy Mortgage soars ahead of the industry by continuously providing exceptional customer service and responsible lending practices.
As more and more banks consolidate operations (resulting in off-site servicing extending the time it takes to close a loan), Academy has the distinct advantage of being a direct lender – all processing, underwriting, and closings are handled locally. Therefore, loans close in a matter of days (rather than months).
Academy Mortgage Is A Leader in Helping Homeowners Buy Existing Phoenix-Area Homes
We are not just proficient in FHA loans in Arizona, we also specialize in purchase transactions and we lead mortgage bankers in closing resale loans (purchase transactions on existing homes).
Whether you’re a first-time homebuyer or looking to refinance an existing mortgage, Academy Mortgage’s FHA Loan Programs offer low-down-payment requirements & flexible guidelines. There are many reasons to choose an FHA-insured loan, especially if one or more of the following apply to you:
- You’re a first-time homebuyer;
- You don’t have a lot of money to put down on a house;
- You want to keep monthly payments as low as possible;
- You’re worried about monthly payments going up;
- You’re worried about qualifying for a loan;
- You don’t have perfect credit.
FHA-insured loans offer many benefits and a level of security that you won’t find in other loans. The FHA (part of Department of Housing & Urban Development) insures the loan, so you can get a better deal.
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On their website, the owners of Croshaw’s explain:
