12 Apr Fee Hikes On Second Home And High Balance Loans
Realtors, did you know that the FHFA announced that effective April 1, 2022, fees will increase for second home and high balance loans. As well, guidelines are also getting stricter – especially for condos. This is precisely why Angel Oak and our non-QM portfolio products should be your go-to to protect your homebuyers!
Here is why:
– We do not sell our non-QM loans to Fannie Mae or Freddie Mac – no fee hikes on second homes or high balance loans with us.
– Our non-QM loans can help borrowers when Agency loans are not an option – we save Agency fall-out loans every day.
– Specific loan types just for specific homebuyers: Jumbo, self-employed, real estate investors, and those buying second homes or vacation homes.