Mortgage applications for purchases and home sales have hit new records in volume since May according to reports from the National Association of Realtors and the Mortgage Bankers Association (MBA). Interestingly, it is millennials who are the driving force in the purchase market.
Millennials are taking advantage of today’s favorable market conditions that includes lower rates. Many need mortgage products that offer low to no down payment options and we have them! Tell your millennial clients to call us first as many lenders do not have the various loan options that we offer.
According to Ellie Mae’s report on millennial purchases, FHA loans in particular have helped. They revealed that 97% of closed FHA loans were for younger millennials and 92% of closed FHA loans were purchases by older millennials.
Our products include:
Traditional Mortgage Products
Conventional Loan, FHA Home Loan, USDA Home Loan, and VA Home Loan
Portfolio Mortgage Products
Asset Qualifier, Bank Statement, Investor Cash Flow, Jumbo Program, and Portfolio Select
I am here to listen to your client’s scenario to help match their loan requirements to the right product. My expertise has helped many first time homebuyers achieve their dream of homeownership!
Angel Oak Home Loans
We Are Your Full-Service Lender Helping You Achieve Your Real Estate Goals!
Tags: Alt-A Mortgage Lenders, Alt-A Mortgage Lending, asset qualifier, conventional mortgage, covid, First-Time Homebuyers, mortgage lender, Mortgage Lending, Non-Prime Lending, non-QM, Traditional lending