Yes, another blog about non-QM home loan products. Because that is how important it is in today’s market! Angel Oak Home Loans is closing more non-QM loans than we ever have. This is because many homebuyers or those refinancing have changed circumstances and the lending requirements are stricter. Realtors and homebuyers are calling every day after being turned away by other lenders – simply because they do not have loan options outside of Agency. We have both! If a traditional loan does not work, we can pivot into a non-QM product for those eligible without delays. Here are examples of loan scenarios where we...

We have added to our line-up of portfolio non-QM loan products! Make sure your homebuyer is working with a lender who has options outside of Agency. We are issuing more non-QM loans than ever before. Other lenders might not have the products that we have and have no choice but to turn borrowers away – sometimes right before closing. Don’t let that happen in this competitive market. Have them call us first! When you help find solutions for your homebuyer’s challenging loan scenario, your referral base and possibly your earning potential increases! Isn’t that the goal? Work with Angel Oak and...

We are proud to bring back our Foreign National Program to help even more homebuyers. Our program is even better than before providing more flexibility to our customers. This mortgage loan qualifies based on the cash flow of the property being purchased or refinanced. It is simple to do and quick to close for those who meet the requirements. This mortgage is available only to those living and working outside of the United States. If you have family or know a foreign national wanting to purchase a home please have them call us today! Eligible Visas are required and no sanction listed countries are...

Many Realtors we work with are thrilled with the referrals they are receiving – and just because they helped one self-employed homebuyer get to the closing table who wouldn’t have otherwise without our Bank Statement mortgage product. These Realtors now focus on prospecting for other non-QM self-employed clients who want to purchase a home but can’t qualify using their tax returns. They successfully market their knowledge of alternative loan solutions for those who take allowed tax deductions on their tax returns. How? I help them! And I can help you, too. Call me today and find out why you need Angel Oak...

Angel Oak Home Loans is known for offering a wide range of mortgage products because we know each homebuyer is unique. Our loan product line-up includes government loans that are available for purchase or refinance. Government loans are specifically for homebuyers who need flexible down payment and / or credit requirements. Call me today to find out more about these loan options as well as WHY Angel Oak Home Loans should be your preferred lender.   FHA ​​​​​Insured by the United States Federal Housing Administration to help those who need flexible down payment and credit requirements.  USDA / Rural Development A government loan for homebuyers in...

Sales of investment properties and second homes are through the roof right now! According to Redfin, real estate investors purchased $49 billion in homes during the first half of 2021. Investor purchases increased 15% over first quarter 2020 and 107% over second quarter 2020. These are non-owner occupied homes for rent. Second homes and vacation homes are also in demand with volume setting records. According to the National Association of Realtors’ 2021 Vacation Home Counties Report, this year is the year of the vacation home! Sales increased by 16% in 2020 over 2019. The trend continues to soar with sales up 57% from...

We are proud to announce our latest milestone funding over $10 billion in non-QM lending since our founding. Angel Oak has over 26,000 loans funded which is testament to our commitment in the  non-QM space. We are not slowing down already working on our next volume milestone. Mike Fierman, managing partner and co-CEO of Angel Oak Companies says it best, “The mortgage industry, at its core, is a business about people — providing homeowners with the right solutions, connecting originators with new opportunities and ensuring that the Angel Oak mission is present in all of our team’s practices.” Read the details of...

Higher priced luxury homes are in demand! According to the National Association of Realtors, record-setting transactions are occurring across the country that includes the priciest homes for sale. They report that home sales priced over $1 million increased 244% year over year in May. Lawrence Yun, chief economist at the National Association of Realtors stated that this is because “Wealthier Americans have benefited greatly during the pandemic thanks to the rising stock market, which typically helps grow net wealth. So there is greater demand for luxury housing now….” This is most likely due to low mortgage rates and gains in...

Already thinking about football, planting fall flowers, and holiday gatherings….but in a new home? Great! Call us. There is plenty of time to listen to your circumstances, determine eligibility and walk you through the steps to your new front door. We are experienced in various loan scenarios from self-employed homebuyers who can’t qualify using tax returns to people just one to two years out of foreclosure, bankruptcy or other credit events. Everyone has a story about their circumstances and we would love to hear yours! It starts with a conversation! One brief phone call could result in a pre-approval letter and one...