Skip to main content

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.
This email is not an offer to sell or the solicitation of an offer to buy any security or other investment or to provide investment services of any kind. The data contained in this email and/or any attachments are provided for informational and educational purposes only and nothing contained herein should be construed as advice or a solicitation. Internet email cannot be guaranteed. Please do not include private or confidential information such as passwords, account numbers, Social Security numbers, etc. in emails to us. If you are not the intended recipient, you are strictly prohibited from disclosing, copying, distributing or using any of this information. Please contact the sender immediately and destroy the material in its entirety.

Comments

Popular posts from this blog

Per Moneywise, Grant Cardone says, "I wouldn't touch the real estate markets of either Austin, Texas or Seattle Washington with a 10 foot pole."

‘I wouldn’t touch Austin, Texas or Seattle, Washington with anybody’s money’ : Grant Cardone says these two major US cities are some of 'the worst markets to be in right now' for real estate investors — here's why Story by Bethan Moorcraft • click here for the exact moneywise article  prolific real estate investor Grant Cardone has singled out two U.S. property markets he wouldn’t touch with a 10-foot pole: Austin and Seattle. Cardone shared this hot take — and many others — in an  interview with Moneywise  after he prompted an AI chatbot to answer the question: “What are the 10 best markets for investing in rental real estate in America?” The AI Smith response started with: “The best markets for investing in real estate in America can vary depending on factors such as population growth, job opportunities, rental demand, affordability and potential rental income.” Up until that point, Cardone — who performed the task live on camera — was pretty happy with the response. But

Click here to watch GVM's Unicorn 1 minute Rant against the "concrete vision plan" for Zilker Park & Barton Springs Pool

Click here and skip to 1 hour 30 minutes to VIEW the Unicorn's GVM 1 minute testifying Downtown Austin City Hall council chambers Rant! Or below is a TIK TOK, my brother Willy McGee created for fun..                                                 

The Future of Clarksville & Old West Austin? West 12th and West Lynn Blvd. Recap of Meeting Between the Neighborhood & Zydeco Development.

 Recap of Meeting Between the Neighborhood & Zydeco Development That the CCDC Organized On December 6 th , the principals of Zydeco Development, Meghan Yancy and Wes Gilmer, as well as Miguel  Rivera with Miro-Rivera Architects, talked with neighborhood residents about its plans for redeveloping thebuilding that formerly housed Nau’s, and where Anthony’s is still located, the parking lot between Anthony’s and CafĂ© Medici, the house where the coffee house is located, and the two houses on Eason that back up to the parking lot. Zydeco, a small, local real estate development firm founded by Howard Yancy, closed on all of this real estate  about three months ago. Miguel Rivera who lives on Patterson, is Zydeco’s architect for the project. Meghan lives on 14 th Street. During the meeting, Miguel and Meghan emphasized that they understand how important the properties along West Lynn are to the neighborhood, especially the “Nau’s building,” because they are neighbors. Meghan explained