Martin Bermudez

Branch Manager

Martin Bermudez
Branch Manager

NMLS# 263298
State Lic: CA# CA-DBO263298;
43471 Ridge Park Dr
C
Temecula, CA 92590
Work: (951) 694-3300
Mobile: (760) 560-8925
martin.bermudez@academymortgage.com

Welcome!

It’s all about service at Academy Mortgage, and our company has been meeting the needs of homebuyers 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 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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We are proud to be one of the top independent purchase lenders in the country. We achieved this distinction by continually providing exceptional customer service and by following responsible lending practices, especially in today’s rapidly changing economy.Adam Kessler, President, Academy Mortgage

NMLS# 263298

State Lic: CA: CA-DBO263298;

Corp Lic: CA: 4170013;

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act;

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Applications for home mortgages increase

As mortgage rates decrease and mortgage insurance Federal Housing Association premium fees are cut, homeownership should gain appeal, and maybe it has. Applications for U.S. home mortgages increased 49.1% for the week ending Jan. 9, marking the most impressive weekly gain since November 2008, according to the Mortgage Bankers Association's recent press release.

Applications for mortgage loans rise. Potential homebuyers and current owners flocked to lenders to apply for new loans and refinance current ones. In addition to nearly a 50% gain in new loan applications, MBA's weekly survey indicated a 66% jump in the refinance index from the week before Jan. 9. This jump was the highest level since July 2013.

The Purchase Index also jumped up from the previous week. The seasonally adjusted number of purchase applications increased 24%, and unadjusted purchase applications indicated an 83% uptick.

"Mortgage rates reached their lowest level since May of 2013, and refinance application volume soared, more than doubling on an unadjusted basis, and up 66% after adjusting for the fact that the previous week included the New Year's holiday," said MBA's Chief Economist Mike Fratantoni. "Conventional refinance volume increased to a greater extent than government refinance volume. Applications for larger refinance loans increased more than four times relative to the previous week."

However, MarketWatch noted the varying reliability of mortgage application estimates taken during the holiday season.

Interest rates on home loans continue to fall. Fratantoni noted international economic frailty and the continual decline of crude oil prices have kept long-term interest rates below the historical average. Many potential homebuyers are seemingly now taking advantage of this opportunity, making the move toward homeownership and entering the market. Freddie Mac reported an average interest rate of 3.66% for a 30-year fixed-rate mortgage. This is an impressive fall of approximately 0.77% from Jan. 9 of the previous year.

Other FRMs also continued dropping below average rates. A 15-year FRM dipped to 3.05% on average, 5-year adjustable-rate mortgages fell to 2.98% and 1-year ARMs settled at 2.39%.

As intended, more people are purchasing homes and bolstering the market.

Improving employment and economy likely factors in spike as well. In a press release, the World Bank indicated the U.S. labor markets and monetary polices have both improved. A stronger economy signifies progress and can supply first-time homebuyers and previous homeowners impacted by the housing market crisis with hope. Steady job growth and security encourage individuals to fulfill their dreams of owning a new home.

In a Gallup poll, results indicated 56% of U.S. citizens currently own real estate, and 25% do not but plan on purchasing a home within the next 10 years. Only 11% of individuals who participated in the survey indicated they did not plan to buy a home anytime soon. 

Additionally, 68% of individuals aged 18 to 29 who do not currently own a home plan to purchase one within the next 10 years. 

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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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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