We have some exciting news to share — Angel Oak has been named a Top Workplace in The Atlanta Journal-Constitution Top Workplaces! For the 7th consecutive year! This award is especially distinctive because it is based solely on the feedback from our employees. Being named a Top Workplace is a big deal – and earning it again for the 7th year means we are getting it right! We’re especially honored because the judges were all the Angel Oak employees.  Read More ...

 ATLANTA--(BUSINESS WIRE)--Angel Oak Home Loans (“Angel Oak”), a leading full-service retail mortgage lender, announces the opening of its newest office, located in Reno, Nevada. Three additional branches in Houston, Texas, Carson City, Nevada, and Natchez, Mississippi are also expected to open soon. The purchase market continues to surge and is projected to set records in 2021. Qualifying for a home loan can be more challenging as financial circumstances have changed for many homebuyers across the country. Mac Cregger, senior vice president and divisional manager, explains the importance of expanding, “Our goal is to provide a wide array of offerings including our non-QM...

  We are excited to announce that Angel Oak Capital just issued a $275 million securitization rated by Fitch with the senior A1 bond rated triple A. Since 2015, Angel Oak has issued 22 non-QM securitizations totaling approximately $7.7 billion. Investor confidence in non-QM remains strong due to strong performance and demand in the market. This latest Fitch rated securitization is great news for Angel Oak as we continue to grow.   The details of this securitization are impressive: All bonds were oversubscribed in the deal and the execution on AOMT 2021-1 resulted in the lowest cost of debt (~1.0%) we have seen since the...

Our clients are often surprised by loan options we have that they were not familiar with. That is why we always suggest that clients with unique circumstances talk to us first! We might have an easy solution that could result in another home sold. Here are a few scenarios – if these come up with your clients send them our way! Property investors using a 1031 Exchange – people who are trying to sell an investment property can be hit with a tax bill from the sale of the property. A 1031 exchange can defer those taxes by exchanging one property for...

WASHINGTON--(BUSINESS WIRE)--Angel Oak Home Loans (“Angel Oak”), a leading full-service retail mortgage lender, announces the opening of a new branch in Washington, D.C. Mike Harrison joins the Angel Oak team as branch manager of the D.C. office and is responsible for overseeing the day-to-day operations as well as meeting long-term growth goals. “We hope this D.C. location will expand the offerings for current residents whether they meet traditional lending standards or require a non-traditional approach. By offering non-QM products, we believe that even more borrowers will be able to participate in what could be a record homebuying season,” expressed Senior Vice President and Divisional...

Here are a few scenarios that might relate to you: Property investors using a 1031 Exchange People who trying to sell an investment property can be hit with a tax bill from the sale of the property. A 1031 exchange can defer those taxes by exchanging one property for another by relinquishing it and exchanging it for an equally or higher valued property. A tax advisor or tax preparer can tell you more about a 1031 Exchange and how it can tax defer the sale amount.  We can help with our Investor Cash Flow product to get the deal closed as quickly...

Many homebuyers come to us with changed financial circumstances due to the pandemic asking how we can help. Jumbo homebuyers, in particular, have called us because they were turned down by another lender as they didn’t qualify for Prime Jumbo. They were turned away because that particular lender did not have another loan option for them. We have loan options in addition to traditional loans and Prime Jumbo! We have two options for Jumbo – Prime Jumbo and a non-QM option called Platinum Jumbo. As well, we can help self-employed homebuyers needing a Jumbo loan by allowing them to use...

While we can’t offer advice on taxes or filing taxes, we can offer suggestions on what receipts and documents to keep and how to organize it all. The fun part of setting up a home is decorating and organizing the kitchen you are excited about. It is important though to take a few minutes to set up an organized system for receipts and documents that will make tax season much easier. The benefits of owning a home can help at tax time so be sure to understand the documents that you need. A CPA or tax preparer can help with this. Use...

In this National Mortgage News story, CEO Steven Schwalb discusses how the pandemic and growth trends have shaped the prime jumbo mortgage market and leveraged nonbanks' position this year. By, Brad Finklestein (Read The Full Article) "The prime jumbo mortgage business is likely to benefit from the Consumer Financial Protection Bureau's recent revisions to the Qualified Mortgage and Ability-to-Repay rules, which loosen certain standards established after the financial crisis. But those offering jumbo products will have to compete against conforming lenders whose loan limit is now $544,250. The new high-cost area limit of $822,375 for both conforming and the Federal Housing Administration loans,...