Angel Oak Companies

05 Oct

Posted at 09:12h in Angel Oak Updates by
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Mortgage applications for purchases and home sales have hit new records in volume since May according to reports from the National Association of Realtors and the Mortgage Bankers Association (MBA). Interestingly, it is millennials who are the driving force in the purchase market. Millennials are taking advantage of today’s favorable market conditions that includes lower rates. Many need mortgage products that offer low to no down payment options and we have them! Tell your millennial clients to call us first as many lenders do not have the various loan options that we offer. According to Ellie Mae’s report on millennial purchases, FHA...

28 Sep

Posted at 12:31h in Angel Oak Updates by
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Self-employed? Veteran? Property Investor? Were you aware that there are specific loan types just for you? Maybe you have a family member or friend who fits one of these particular scenarios and they would like to purchase a home. Along with traditional financing we have niche lending products targeted to specific circumstances: Self-Employed Our Bank Statement program allows eligible self-employed people to use personal or business bank statements to qualify for a loan. You do not have to own 100% of a business to qualify. . Veterans We have a VA home loan for American veterans, military currently serving in the U.S and honorably discharged...

21 Sep

Posted at 11:02h in Angel Oak Updates by
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We know our Realtor clients are very busy based on the increase in purchase applications reported by The Mortgage Bankers Association. They report weekly on applications for new purchases based on their purchase index. Here is the latest information based on the week of Labor Day: New Purchases Although the percentage was down from the week prior due to the holiday, new purchase applications still increased 6% over the same week last year. This is due to mortgage rates holding steady and not increasing plus the demand for new homes is strong. August 2020 Performance Data for August 2020 revealed that new home purchases...

14 Sep

Posted at 11:36h in Angel Oak Updates by
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Fall weather can be the perfect time to enjoy the porch. Make the most of your outdoor area with fall décor that doesn’t have to be expensive. We’ve listed some ideas to up your porch game and a few fall maintenance items to help keep your home it’s best. HANG A FALL WREATH Hanging a wreath is so easy and you can keep it as simple or as over the top as you like. Fall leaves, magnolias, pumpkins and burlap ribbon are always nice together. Add a few pieces for Halloween that can be taken out and then you have a nice...

09 Sep

Posted at 14:56h in Press Coverage by
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Angel Oak Home Loans (“Angel Oak”), a leading full-service retail mortgage lender, announces the hiring of senior mortgage experts Sean Casey and Kristy Benson, who will lead the firm's efforts to expand their lending operations throughout the Western United States. Angel Oak expects to establish and grow retail branches in California, Washington, Oregon, Idaho, Arizona and Nevada, taking the lender’s status from regional to national. Casey joins the team as the Western Regional Sales Manager, where he will be responsible for overseeing the branch openings and executing plans for growth across the region. He brings over 18 years of experience in...

08 Sep

Posted at 07:00h in Angel Oak Updates by
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Our line-up of loan options just increased again! We are excited to announce that our non-QM Portfolio Select mortgage product is now available. Many homebuyers just miss qualifying for Prime and need alternative solutions. Portfolio Select is a full-doc non-traditional product that might help your clients who can’t qualify under strict guidelines.  This loan is available for purchases, rate-term and cash-out refinances with loan amounts up to $2.5 million. Contact a licensed mortgage advisor to learn more about the benefits of this product and how it might be an easy and quick solution for your clients! Portfolio Select Highlights: Up to 85%...

31 Aug

Posted at 09:04h in Angel Oak Updates by
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Favorable conditions in today’s real estate market has many people thinking about new purchases. The pandemic caused many to realize they had outgrown their space and others to decide that it’s time to buy a vacation home or rental property. COVID-19 regulations makes travel a little more challenging and some want a vacation home that is familiar, comforting and safe. As well, seasoned and new property investors find that now is a great time build portfolios by purchasing homes to rent. ARE YOU INTERESTED IN BUYING A SECOND HOME? If so, call us to find out about our Investor Cash Flow loan...

24 Aug

Posted at 11:35h in Angel Oak Updates by
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One common theme among homeowners right now is that more space is required. In fact, the National Association of Realtors conducted a survey among homebuyers that revealed that one reason people wanted to move during the pandemic was to find a home that better suited their needs. A dedicated home office, space for kids, and better outdoor amenities are on the list for many homebuyers currently looking. One concern among buyers is how to qualify for a higher priced home. We have options that might help! Our Jumbo program consists of Prime Jumbo and a non-QM Jumbo option for those who...

17 Aug

Posted at 11:03h in Angel Oak Updates by
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We have all learned a few things during the pandemic. One common theme among homeowners is that more space is required! Are you thinking of purchasing a larger home that better suits your needs? Maybe you need a dedicated home office and wouldn’t a separate kid’s hangout room be nice? A common concern among homebuyers is how to qualify for a higher priced home. We have options that might help! Homes priced outside the conforming the limit are not within traditional guidelines and typically require a buyer to obtain a Jumbo loan. We have an array of options within our Jumbo...

10 Aug

Posted at 14:59h in Angel Oak Updates by
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It’s an exciting time to be in the mortgage industry right now! Market conditions remain favorable and the number of home sales keep increasing week over week and month over month. HERE IS WHAT YOU NEED TO KNOW: The Market Looks Good!  Existing home sales for the month of June increased a record of 21% from May according to the National Association of Realtors. We have had another record month in closed loan volume - closed loans for home purchases continues to increase! This is great news for Realtors – the market is hot for new home sales. Forbearance is down 6...