In case you didn’t know, the Federal Housing Finance Agency announced increased upfront fees to Fannie Mae and Freddie Mac. These fees apply to second home and high balance loans only that will go into effect April 1st, 2022.

What does this mean to you? A traditional loan sold to Fannie Mae and Freddie Mac for a high balance or second home loan could incur these fees.

Is there a way to avoid these fees? There are mortgage products for second homes and high balance loans that are not sold to Fannie Mae or Freddie Mac. Angel Oak Home Loans does not sell our non-QM loans. We keep and service them for the life of the loan.

How do you get a non-QM loan? Call us to see what loan type you are eligible to receive. We have non-QM loans for those eligible who are purchasing a second home or applying for a high balance loan that includes:  self-employed, Jumbo borrowers, and those who are less than seven years out of foreclosure, bankruptcy or other credit events.


Call us to better understand what this means and the loan type right for you. It starts with a conversation!