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.