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Jumbo Loans are Back! Connect with Earl Proeger Mortgage Lender and Property Tour Coordinator




During this economic crisis caused by Covid 19, many banks have suspended lending on non-conforming (Jumbo) loans (for example, a loan of more than $510,400 on a single-family home). The lenders that have continued to lend have very high rates and large buy-downs of points, making jumbo lending effectively unattainable.

Angel Oak Home Loans announces today our return to jumbo lending with our own in-house Prime Jumbo loan!

The rates are amazing! (call me for specifics) and are available for 80% Loan-to-Value or better. We will also lend on 2nd homes, condos, investment properties, even a cash-out refinance.

For those of you with clients looking to buy high-priced homes and looking for the appropriate financing, give me a call today!

Another thing to remember is that many lenders are still taking 60, 90 days or even longer to close their mortgage loans! At Angel Oak Home Loans, we can get the job done VERY quickly and keep your buyers within your contract expectations (and get you paid faster!).

Thanks, George!

So, there are differing amounts depending on the property type, 
but for a single family home,
the line is at $510,400 for the mortgage.

The rates, by the way, are 4% for the right borrower at 20% down!
 At 40% down, it is 3.75%

Earl




Earl

Earl Proeger
Licensed Branch Manager
NMLS 1159073
Licensed in Texas




  

C: 512-293-7731
earl.proeger@angeloakhomeloans.com
9300 Jollyville Rd
Suite 100
Austin, TX 78759
Angel Oak Home Loans LLC NMLS# 685842, For licensing information, go to: (www.nmlsconsumeraccess.org), Licensed in AL #21485, AZ #0927070, Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, CO Regulated by the Division of Real Estate, DC, FL, GA #32379, IL Residential Mortgage Licensee # MB.6761061, IN, LA, MD, MI, MN, MS, Licensed by the N.J. Department of Banking and Insurance, NC #L-153288, OK, OR, SC, TN, TX, VA, WI.
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