DURHAM, N.C.–(BUSINESS WIRE)–May 20, 2021–
Angel Oak Home Loans (“Angel Oak”), a leading full-service retail mortgage lender, announces the opening of new branches in Waynesboro, Georgia; Annapolis, Maryland; Durham, North Carolina; and Houston, Texas.
These branch launches come on the heels of several other new Angel Oak office openings, bringing the firm’s total number of offices to 40 across 35 states. Angel Oak’s expansion will continue in the near future with a new branch coming to Las Vegas. The firm’s physical growth is keeping pace with new technological capabilities, as it continues to innovate services to meet clients’ evolving needs.
“We’re pleased to deepen our roots across the country with this series of branch openings,” says Mac Cregger, Angel Oak senior vice president and divisional manager. “We’ve seen an uptick in demand and the pace at which homes are being sold. There has also been a strong appetite for ways to streamline the homebuying process, including options that could enable the entire process to be conducted remotely. Angel Oak’s unique products and resources deliver fast results successfully, turning prospective homebuyers into homeowners.”
All four of the states boasting new Angel Oak branches have shown significant growth over the past year. The Houston and Annapolis housing markets, in particular, have seen increases of 69% and 44%, respectively, in homes sold year over year, according to Redfin. Additionally, the overall U.S. housing market has been characterized by steady demand and resiliency during the same time period, despite some volatile economic conditions.
The needs of homebuyers have changed and adaptive solutions are essential. Angel Oak’s broad range of product offerings include non-QM loans, which seek to provide an alternative for homebuyers who do not meet the strict lending standards of traditional agencies and banks.
“Our rapidly expanding national presence has been fueled by the momentous growth of the housing market this year,” adds Trent Reed, Angel Oak’s senior vice president and divisional manager. “We see tremendous potential to continue our growth within new markets across the U.S. and meet homebuyers’ demand for flexible, personalized home loan products.”
Angel Oak Home Loans, LLC NMLS 685842. Angel Oak is an Equal Housing Lender. Each application will be evaluated individually; not all applicants will qualify.
About Angel Oak Home Loans, LLC
Angel Oak Home Loans is a full-service mortgage lender. Its flexible, supportive approach empowers prospective homebuyers to embark on a new path with confidence. Angel Oak’s experienced team of licensed mortgage advisors is leading the way by delivering start-to-finish mortgage support and an exceptional client experience.
Gregory FCAfor Angel Oak Home Loans
Office: 215-475-5931Company Contact:
Chief Marketing Officer atAngel Oak Companies
KEYWORD: UNITED STATES NORTH AMERICA MARYLAND NORTH CAROLINA GEORGIA TEXAS
INDUSTRY KEYWORD: RESIDENTIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY PROFESSIONAL SERVICES FINANCE
SOURCE: Angel Oak Home Loans, LLC
Copyright Business Wire 2021.
PUB: 05/20/2021 09:30 AM/DISC: 05/20/2021 09:32 AM
Copyright Business Wire 2021.