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Angel Oak Home Loans Provides Mortgage Programs for New and Lower Credit Buyers

Prospective homeowners with little or no credit are able to obtain home loans through specialized mortgage programs by Angel Oak Home Loans

February 11, 2015

“Today, first-time home buyers — who are generally younger — account for just 29 percent of home sales, far below the historical rate of 40 percent,” while “the nation’s seasonally adjusted homeownership rate was 64.3 percent, the lowest level in two decades,” reports the New York Times. In this period of historically low homeownership, Angel Oak Home Loans, a national mortgage lender headquartered in Atlanta, provides a variety of mortgage loan programs ranging from assisting those in the recent global recession who suffered credit setbacks to helping younger homebuyers looking at their first home acquisition in an effort to stimulate interest with prospective buyers.

Each of the variety of conventional loan offerings and mortgage opportunities Angel Oak Home Loans provides across the country through regional offices follows guidelines set by Freddie Mac and Fannie Mae, allowing borrowers of bad credit or no credit to obtain mortgages. Through Angel Oak’s loan programs, first time homebuyers may qualify for low down payments ranging from 3% to 25%. Conventional mortgage loans are available for the purchase of, the refinancing of, or cash out refinance transactions in properties such as residences, second homes, and investment properties. Angel Oak’s conventional loan offerings include fixed rate mortgages, adjustable rate mortgages, and 97% LTV. Angel Oak’s Home$ense program allows borrowers who in the recent global recession suffered credit setbacks to obtain home mortgages much more quickly. All Angel Oak Home$ense loans are completely serviced by Angel Oak Home Loans, from underwriting and processing to closing.

Buyers who qualify for government assistance may qualify for Angel Oak’s Federal Housing Administration mortgage program (FHA), Veteran’s Affairs mortgage program (VA), or USDA Rural Development home loan. Angel Oak also offers additional financing terms, including low down payment home loans, no down payment mortgages, 100% financing mortgages, no monthly mortgage insurance home loans, and closing costs that are either covered by the seller or financed into the loan. For these products, Angel Oak Home Loans offers both fixed rate and adjustable rate mortgage loans.

Angel Oak Home Loans is proud to offer a comprehensive portfolio of unique product offerings and flexible mortgage programs for buyers of all types, ranging from home loans for new buyers with no credit to home loans for buyers with poor credit scores and bad credit scores. Angel Oak Home Loans provides otherwise unqualified individuals with poor credit the ability to find a mortgage solution that will work for them.


Angel Oak Home Loans is a full-service mortgage retail lender. Our company provides home loans offerings for a variety of circumstances and situations. Please contact us to find out what Angel Oak Home Loans mortgage programs are available in your area.

Learn more about the Angel Oak Home Loan mortgage programs