30 Oct Jumbo Home Loan
Jumbo mortgage loans are for homebuyers purchasing a higher-priced home that exceeds conforming limits.
Angel Oak Home Loans Jumbo program consists of Gold Prime, Prime Jumbo, and non-QM Platinum Jumbo mortgage options. A Jumbo loan is for home purchases that exceed the conforming limit set by the Federal Housing Finance Agency. Our non-QM Platinum Jumbo loan is for homebuyers who just miss Prime qualifications.
Angel Oak’s Prime and non-QM Jumbo options allow the flexibility needed to purchase the home of your dreams!
Gold Prime Jumbo
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Up to 50% debt-to-income
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As low as 10% down based on requirements
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Loan amounts up to $3.5 million
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Primary, second home and investment properties
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Single family, townhomes, and warrantable condos
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Seven years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
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Purchase, cash-out and rate-term refinance
Prime Jumbo
- Loan amounts up to $3 million
- Primary, second home and investment properties
- Single family, townhomes, and warrantable condos
- Seven years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
- Purchase, cash-out and rate-term refinance
Non-QM Platinum Jumbo
- Loan amounts up to $3 million
- Primary, second home and investment properties
- Single family, townhomes, warrantable and non-warrantable condos
- Four years out of foreclosure, short sale, bankruptcy or deed-in-lieu
- One year tax return program available
- Purchase, cash-out and rate-term refinance
*Interest only options may not be available in all states. Loan amount over $1.5 million requires a borrower-paid second appraisal. Effective 7/10/2020.
FAQs
What is a Jumbo Loan?
A Jumbo loan is a mortgage loan that exceeds the conforming limits set by the Federal Housing Finance Agency. A Jumbo loan can help home buyers purchase or refinance higher priced properties.
What is the Jumbo loan limit?
A Jumbo product is used for a loan amount that exceeds the conforming loan limit in your area. At Angel Oak Home Loans, our Jumbo loan products have a maximum loan amount of $3 million and a minimum loan amount of $250,000.
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