Angel Oak Home Loans Mortgage Rates, Fees & Info

ATLANTA, GA

LEI: 549300GDBIZCOI6TMO49

Tax ID: 27-3863726

2.9 stars - out of 5 stars, based on 92 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Angel Oak Home Loans is a small mortgage company specializing in Home Purchase and Refi loans. Angel Oak Home Loans has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Atlanta, Wilmington, Dallas, Austin, and Los Angeles among others. We have data for 293 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Angel Oak Home Loans has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Angel Oak Home Loans is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.32% 11/26/22
    30 Year Conventional Refi 7.15% 11/26/22
    30 Year FHA Purchase 7.79% 11/26/22
    30 Year FHA Refi 7.47% 11/26/22
    30 Year VA Purchase 6.60% 11/26/22
    30 Year VA Refi 6.43% 11/26/22
    30 Year USDA Purchase 7.16% 11/26/22
    30 Year USDA Refi 6.91% 11/26/22
    15 Year Conventional Purchase 6.23% 11/26/22
    15 Year Conventional Refi 6.32% 11/26/22
    15 Year Cash-out Refi 6.32% 11/26/22
    15 Year FHA Purchase 7.58% 11/26/22
    15 Year FHA Refi 7.34% 11/26/22
    15 Year VA Purchase 6.22% 11/26/22
    15 Year VA Refi 6.47% 11/26/22
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    8,401

    Origination Dollar Volume (All Markets)

    $2,738,665,000

    Awards

    ANGEL OAK HOME LOANS USDA Loans gold ANGEL OAK HOME LOANS FHA Loans silver ANGEL OAK HOME LOANS USDA Loans gold
    Show all (3) awards

    Relative Rate

    Angel Oak Home Loans's average 30 year fixed mortgage rate was 3.42%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 0.27%.

    Relative Fees (Closing Costs)

    Angel Oak Home Loans's average total fees/closing costs for a 30 year fixed rate mortgage were $6,067.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1,265 $521,965,000 $412,621 $5,572 3.35%
    WILMINGTON, NC (FHA|USDA|VA) 462 $134,000,000 $290,043 $4,687 3.14%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 339 $114,785,000 $338,599 $7,944 3.47%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 255 $97,925,000 $384,020 $7,020 3.36%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 127 $95,025,000 $748,228 $7,177 3.21%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 261 $91,155,000 $349,253 $5,451 3.47%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 263 $74,715,000 $284,087 $7,373 3.38%
    RALEIGH-CARY, NC (FHA|USDA|VA) 211 $70,575,000 $334,479 $5,188 3.45%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 236 $68,430,000 $289,958 $4,716 3.16%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 267 $68,405,000 $256,199 $4,658 3.25%
    Outside of Metro Areas 247 $65,025,000 $263,259 $5,819 3.32%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 213 $59,155,000 $277,723 $5,174 3.21%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 90 $55,620,000 $618,000 $7,026 3.11%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 148 $53,510,000 $361,554 $7,962 3.31%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 143 $52,335,000 $365,979 $7,661 3.56%
    SAVANNAH, GA (FHA|USDA|VA) 208 $51,950,000 $249,760 $6,060 3.25%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 162 $50,020,000 $308,765 $5,878 3.29%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 107 $47,835,000 $447,056 $7,481 3.50%
    VALDOSTA, GA (FHA|USDA|VA) 218 $46,100,000 $211,468 $5,139 2.99%
    COLUMBIA, SC (FHA|USDA|VA) 232 $43,270,000 $186,509 $5,397 2.84%
    BATON ROUGE, LA (FHA|USDA|VA) 129 $42,965,000 $333,062 $5,818 3.35%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 86 $39,790,000 $462,674 $8,011 3.50%
    GREENVILLE, NC (FHA|USDA|VA) 163 $34,485,000 $211,564 $3,921 3.10%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 75 $30,135,000 $401,800 $6,916 3.40%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 85 $28,535,000 $335,706 $6,837 3.57%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 91 $25,815,000 $283,681 $4,634 3.41%
    JACKSON, MS (FHA|USDA|VA) 106 $25,400,000 $239,623 $5,189 3.23%
    Tifton, GA (FHA|USDA|VA) 119 $23,685,000 $199,034 $5,203 3.05%
    JACKSONVILLE, NC (FHA|USDA|VA) 109 $23,445,000 $215,092 $4,721 3.11%
    Brookhaven, MS (FHA|USDA|VA) 118 $22,480,000 $190,508 $4,737 3.12%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 23 $19,395,000 $843,261 $8,647 3.60%
    Wilson, NC (FHA|USDA|VA) 94 $16,670,000 $177,340 $4,163 3.11%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 48 $14,760,000 $307,500 $5,740 3.48%
    Natchez, MS-LA (FHA|USDA|VA) 88 $14,570,000 $165,568 $5,151 3.11%
    EL PASO, TX (FHA|USDA|VA) 65 $14,415,000 $221,769 $6,249 3.37%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 27 $13,215,000 $489,444 $7,244 4.09%
    JACKSONVILLE, FL (FHA|USDA|VA) 29 $12,865,000 $443,621 $9,033 3.75%
    WARNER ROBINS, GA (FHA|USDA|VA) 72 $12,590,000 $174,861 $5,048 3.20%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 15 $12,135,000 $809,000 $15,758 4.13%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 19 $11,945,000 $628,684 $9,240 4.19%
    Morehead City, NC (FHA|USDA|VA) 32 $11,900,000 $371,875 $5,670 3.24%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 29 $11,575,000 $399,138 $7,710 3.81%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 16 $10,670,000 $666,875 $8,587 3.51%
    LAS CRUCES, NM (FHA|USDA|VA) 47 $9,655,000 $205,426 $4,896 3.27%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 19 $9,585,000 $504,474 $7,764 3.76%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 15 $9,535,000 $635,667 $10,441 3.72%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 38 $9,520,000 $250,526 $6,512 3.30%
    RENO, NV (FHA|USDA|VA) 27 $9,205,000 $340,926 $6,102 3.64%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 16 $8,300,000 $518,750 $11,183 4.41%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 19 $7,855,000 $413,421 $9,842 4.39%
    Jefferson, GA (FHA|USDA|VA) 21 $7,805,000 $371,667 $4,738 3.33%
    ROCKY MOUNT, NC (FHA|USDA|VA) 37 $7,245,000 $195,811 $4,881 3.22%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 19 $7,125,000 $375,000 $7,216 3.51%
    GAINESVILLE, GA (FHA|USDA|VA) 22 $6,880,000 $312,727 $4,995 3.49%
    Key West, FL (FHA|USDA|VA) 7 $6,455,000 $922,143 $16,570 4.41%
    WINSTON-SALEM, NC (FHA|USDA|VA) 29 $6,275,000 $216,379 $4,769 3.47%
    SUMTER, SC (FHA|USDA|VA) 36 $6,200,000 $172,222 $5,750 3.06%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 11 $5,855,000 $532,273 $7,882 3.86%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 14 $5,760,000 $411,429 $7,952 4.47%
    HAMMOND, LA (FHA|USDA|VA) 25 $5,635,000 $225,400 $4,729 3.17%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 17 $5,555,000 $326,765 $6,605 3.88%
    ASHEVILLE, NC (FHA|USDA|VA) 15 $5,535,000 $369,000 $5,814 4.13%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 6 $5,290,000 $881,667 $11,020 4.19%
    BRUNSWICK, GA (FHA|USDA|VA) 9 $5,285,000 $587,222 $7,396 3.33%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 11 $5,235,000 $475,909 $5,388 3.73%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 25 $5,095,000 $203,800 $4,045 3.56%
    FAYETTEVILLE, NC (FHA|USDA|VA) 24 $4,610,000 $192,083 $4,704 3.55%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 19 $4,505,000 $237,105 $4,467 3.77%
    Sevierville, TN (FHA|USDA|VA) 8 $4,360,000 $545,000 $9,981 4.39%
    RICHMOND, VA (FHA|USDA|VA) 10 $4,290,000 $429,000 $8,393 3.96%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 7 $4,215,000 $602,143 $10,976 3.96%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 12 $4,120,000 $343,333 $7,249 3.61%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 13 $4,085,000 $314,231 $6,679 5.13%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 14 $3,840,000 $274,286 $5,209 3.72%
    McComb, MS (FHA|USDA|VA) 19 $3,785,000 $199,211 $5,092 3.11%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 5 $3,635,000 $727,000 $15,708 4.20%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 7 $3,615,000 $516,429 $3,886 3.39%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 5 $3,555,000 $711,000 $10,890 4.30%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 15 $3,485,000 $232,333 $5,913 3.42%
    BURLINGTON, NC (FHA|USDA|VA) 16 $3,410,000 $213,125 $4,790 3.48%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 11 $3,225,000 $293,182 $5,779 3.50%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 10 $3,200,000 $320,000 $8,673 4.79%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 14 $3,180,000 $227,143 $4,808 3.43%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 13 $3,165,000 $243,462 $5,939 3.36%
    Fredericksburg, TX (FHA|USDA|VA) 4 $3,070,000 $767,500 $7,745 3.00%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 9 $3,065,000 $340,556 $7,526 3.35%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 12 $2,930,000 $244,167 $5,055 3.64%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 8 $2,880,000 $360,000 $7,870 3.81%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 13 $2,875,000 $221,154 $5,148 3.65%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 7 $2,775,000 $396,429 $8,190 3.80%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 10 $2,770,000 $277,000 $6,361 3.16%
    Cullowhee, NC (FHA|USDA|VA) 5 $2,665,000 $533,000 $10,957 3.18%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 6 $2,630,000 $438,333 $5,516 4.46%
    FORT COLLINS, CO (FHA|USDA|VA) 4 $2,610,000 $652,500 $10,453 4.97%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 5 $2,595,000 $519,000 $6,807 4.85%
    PANAMA CITY, FL (FHA|USDA|VA) 6 $2,570,000 $428,333 $8,316 3.88%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 9 $2,525,000 $280,556 $5,810 4.93%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 3 $2,515,000 $838,333 $17,273 3.92%
    NEW BERN, NC (FHA|USDA|VA) 7 $2,505,000 $357,857 $10,087 2.75%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 13 $2,415,000 $185,769 $6,351 4.51%
    PUNTA GORDA, FL (FHA|USDA|VA) 5 $2,415,000 $483,000 $7,811 3.67%
    Statesboro, GA (FHA|USDA|VA) 13 $2,395,000 $184,231 $4,727 3.21%
    COLUMBUS, OH (FHA|USDA|VA) 8 $2,380,000 $297,500 $5,805 4.87%
    OCALA, FL (FHA|USDA|VA) 12 $2,370,000 $197,500 $5,589 3.84%
    KNOXVILLE, TN (FHA|USDA|VA) 7 $2,365,000 $337,857 $9,060 3.63%
    Washington, NC (FHA|USDA|VA) 11 $2,225,000 $202,273 $4,227 3.02%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 3 $2,115,000 $705,000 $11,459 5.25%
    Orangeburg, SC (FHA|USDA|VA) 19 $2,075,000 $109,211 $4,602 1.95%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 12 $2,050,000 $170,833 $5,271 3.20%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 6 $1,980,000 $330,000 $7,153 5.02%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 3 $1,975,000 $658,333 $7,881 3.08%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 6 $1,930,000 $321,667 $6,730 4.25%
    ALBANY, GA (FHA|USDA|VA) 11 $1,825,000 $165,909 $4,403 2.86%
    ROANOKE, VA (FHA|USDA|VA) 3 $1,815,000 $605,000 $11,732 2.75%
    GOLDSBORO, NC (FHA|USDA|VA) 10 $1,770,000 $177,000 $4,346 3.14%
    Gardnerville Ranchos, NV (FHA|USDA|VA) 3 $1,705,000 $568,333 $4,190 3.04%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 4 $1,700,000 $425,000 $7,572 4.44%
    HINESVILLE, GA (FHA|USDA|VA) 8 $1,690,000 $211,250 $7,415 3.08%
    LAFAYETTE, LA (FHA|USDA|VA) 7 $1,675,000 $239,286 $4,840 3.89%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 4 $1,650,000 $412,500 $5,810 4.28%
    TALLAHASSEE, FL (FHA|USDA|VA) 6 $1,630,000 $271,667 $7,393 4.00%
    OCEAN CITY, NJ (FHA|USDA|VA) 2 $1,570,000 $785,000 $13,201 3.88%
    Seneca, SC (FHA|USDA|VA) 2 $1,560,000 $780,000 $6,374 3.44%
    Fernley, NV (FHA|USDA|VA) 5 $1,525,000 $305,000 $4,881 3.08%
    TUSCALOOSA, AL (FHA|USDA|VA) 3 $1,515,000 $505,000 $5,641 3.54%
    Georgetown, SC (FHA|USDA|VA) 4 $1,480,000 $370,000 $5,103 3.09%
    SALINAS, CA (FHA|USDA|VA) 3 $1,395,000 $465,000 $7,080 3.79%
    Granbury, TX (FHA|USDA|VA) 3 $1,395,000 $465,000 $10,728 4.00%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 7 $1,365,000 $195,000 $7,531 3.66%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 6 $1,340,000 $223,333 $4,964 4.08%
    SALISBURY, MD-DE (FHA|USDA|VA) 4 $1,330,000 $332,500 $8,436 4.06%
    HUNTSVILLE, AL (FHA|USDA|VA) 5 $1,315,000 $263,000 $4,256 3.65%
    Roanoke Rapids, NC (FHA|USDA|VA) 3 $1,285,000 $428,333 $8,294 4.62%
    GREELEY, CO (FHA|USDA|VA) 1 $1,265,000 $1,265,000 $17,161 3.50%
    BOULDER, CO (FHA|USDA|VA) 2 $1,250,000 $625,000 $9,558 4.31%
    Calhoun, GA (FHA|USDA|VA) 6 $1,230,000 $205,000 $4,870 3.56%
    LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 5 $1,225,000 $245,000 $6,307 4.12%
    HATTIESBURG, MS (FHA|USDA|VA) 7 $1,125,000 $160,714 $4,737 3.21%
    TYLER, TX (FHA|USDA|VA) 1 $1,105,000 $1,105,000 $20,616 4.38%
    MERCED, CA (FHA|USDA|VA) 3 $1,095,000 $365,000 $6,421 4.00%
    Milledgeville, GA (FHA|USDA|VA) 4 $1,050,000 $262,500 $3,926 3.19%
    BEND, OR (FHA|USDA|VA) 2 $1,050,000 $525,000 $7,493 3.50%
    TULSA, OK (FHA|USDA|VA) 3 $1,025,000 $341,667 $6,948 4.71%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $1,020,000 $510,000 $8,330 3.88%
    Kill Devil Hills, NC (FHA|USDA|VA) 2 $1,010,000 $505,000 $8,436 4.06%
    NAPA, CA (FHA|USDA|VA) 2 $1,000,000 $500,000 $7,125 3.19%
    MOBILE, AL (FHA|USDA|VA) 4 $990,000 $247,500 $3,462 3.28%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 3 $975,000 $325,000 $6,903 6.67%
    ODESSA, TX (FHA|USDA|VA) 1 $965,000 $965,000 $18,249 6.13%
    MODESTO, CA (FHA|USDA|VA) 2 $960,000 $480,000 $8,381 5.13%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 2 $930,000 $465,000 $6,970 5.87%
    Shelby, NC (FHA|USDA|VA) 4 $920,000 $230,000 $4,181 5.06%
    FLAGSTAFF, AZ (FHA|USDA|VA) 2 $910,000 $455,000 $11,027 4.50%
    FLORENCE, SC (FHA|USDA|VA) 7 $885,000 $126,429 $4,908 2.13%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $855,000 $855,000 $13,054 5.63%
    Henderson, NC (FHA|USDA|VA) 2 $840,000 $420,000 $5,044 3.19%
    Lumberton, NC (FHA|USDA|VA) 5 $825,000 $165,000 $7,650 2.90%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 2 $820,000 $410,000 $8,151 5.44%
    Picayune, MS (FHA|USDA|VA) 4 $810,000 $202,500 $5,619 3.75%
    TUCSON, AZ (FHA|USDA|VA) 2 $780,000 $390,000 $8,394 5.50%
    Fitzgerald, GA (FHA|USDA|VA) 4 $780,000 $195,000 $5,112 3.16%
    Marion, NC (FHA|USDA|VA) 1 $725,000 $725,000 $17,305 4.50%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $710,000 $355,000 $4,169 5.13%
    PITTSBURGH, PA (FHA|USDA|VA) 2 $700,000 $350,000 $7,910 3.38%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 3 $695,000 $231,667 $6,678 5.17%
    Sulphur Springs, TX (FHA|USDA|VA) 2 $690,000 $345,000 $8,244 4.31%
    PUEBLO, CO (FHA|USDA|VA) 4 $690,000 $172,500 $4,071 3.25%
    Cornelia, GA (FHA|USDA|VA) 4 $680,000 $170,000 $4,906 4.13%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 4 $670,000 $167,500 $5,095 3.38%
    Cordele, GA (FHA|USDA|VA) 2 $660,000 $330,000 $5,409 3.19%
    CARSON CITY, NV (FHA|USDA|VA) 2 $650,000 $325,000 $8,147 3.19%
    VALLEJO, CA (FHA|USDA|VA) 2 $650,000 $325,000 $3,534 3.31%
    JOHNSON CITY, TN (FHA|USDA|VA) 3 $645,000 $215,000 $5,048 4.21%
    REDDING, CA (FHA|USDA|VA) 1 $635,000 $635,000 $4,735 3.75%
    ALBUQUERQUE, NM (FHA|USDA|VA) 2 $630,000 $315,000 $7,411 5.75%
    ROME, GA (FHA|USDA|VA) 5 $625,000 $125,000 $3,609 3.35%
    Newport, OR (FHA|USDA|VA) 1 $625,000 $625,000 $9,663 6.00%
    Laurel, MS (FHA|USDA|VA) 3 $625,000 $208,333 $5,359 3.17%
    Forest City, NC (FHA|USDA|VA) 2 $620,000 $310,000 $4,667 3.38%
    STOCKTON, CA (FHA|USDA|VA) 2 $600,000 $300,000 $6,360 3.06%
    Bogalusa, LA (FHA|USDA|VA) 3 $565,000 $188,333 $4,592 3.00%
    Thomasville, GA (FHA|USDA|VA) 3 $555,000 $185,000 $6,000 2.79%
    Roseburg, OR (FHA|USDA|VA) 1 $545,000 $545,000 $6,055 2.88%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 2 $530,000 $265,000 $7,318 4.94%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 2 $530,000 $265,000 $5,110 4.56%
    THE VILLAGES, FL (FHA|USDA|VA) 2 $520,000 $260,000 $7,250 4.38%
    WICHITA, KS (FHA|USDA|VA) 2 $510,000 $255,000 $5,471 4.44%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 2 $510,000 $255,000 $4,759 2.88%
    Ruidoso, NM (FHA|USDA|VA) 3 $505,000 $168,333 $7,174 3.83%
    Outside of Metro Areas 1 $505,000 $505,000 $4,708 2.75%
    Starkville, MS (FHA|USDA|VA) 2 $500,000 $250,000 $3,020 2.94%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 3 $495,000 $165,000 $2,552 3.17%
    Ottawa, KS (FHA|USDA|VA) 2 $490,000 $245,000 $5,290 5.63%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 2 $490,000 $245,000 $8,017 4.06%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $485,000 $485,000 $8,124 5.00%
    Kinston, NC (FHA|USDA|VA) 2 $480,000 $240,000 $3,570 3.13%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $475,000 $475,000 $3,100 3.38%
    Coldwater, MI (FHA|USDA|VA) 1 $475,000 $475,000 $8,041 5.38%
    Jackson, WY-ID (FHA|USDA|VA) 1 $475,000 $475,000 $4,700 3.25%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 2 $470,000 $235,000 $6,170 4.13%
    Traverse City, MI (FHA|USDA|VA) 1 $465,000 $465,000 $7,997 4.38%
    FLINT, MI (FHA|USDA|VA) 2 $450,000 $225,000 $4,183 4.31%
    Taos, NM (FHA|USDA|VA) 1 $415,000 $415,000 $6,810 5.50%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $410,000 $205,000 $3,283 4.25%
    Shelbyville, TN (FHA|USDA|VA) 1 $405,000 $405,000 $4,294 3.13%
    Lufkin, TX (FHA|USDA|VA) 1 $405,000 $405,000 $9,058 4.50%
    Durango, CO (FHA|USDA|VA) 1 $385,000 $385,000 $3,795 3.25%
    Nacogdoches, TX (FHA|USDA|VA) 1 $385,000 $385,000 $9,765 6.00%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $375,000 $375,000 $11,932 3.25%
    Greeneville, TN (FHA|USDA|VA) 1 $375,000 $375,000 $3,827 3.38%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $365,000 $365,000 $8,152 6.63%
    Tupelo, MS (FHA|USDA|VA) 1 $365,000 $365,000 $5,164 2.75%
    Bennettsville, SC (FHA|USDA|VA) 1 $365,000 $365,000 $2,581 3.50%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 3 $355,000 $118,333 $4,005 4.79%
    Americus, GA (FHA|USDA|VA) 1 $345,000 $345,000 $7,902 3.00%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 2 $340,000 $170,000 $5,305 3.31%
    CHICO, CA (FHA|USDA|VA) 1 $335,000 $335,000 $7,032 6.38%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $330,000 $165,000 $3,720 3.88%
    GRAND JUNCTION, CO (FHA|USDA|VA) 1 $325,000 $325,000 $9,115 2.75%
    Moultrie, GA (FHA|USDA|VA) 2 $320,000 $160,000 $4,263 2.81%
    Easton, MD (FHA|USDA|VA) 1 $315,000 $315,000 $3,548 2.88%
    Danville, VA (FHA|USDA|VA) 2 $310,000 $155,000 $2,728 3.19%
    Rockport, TX (FHA|USDA|VA) 1 $305,000 $305,000 $4,834 3.25%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 2 $300,000 $150,000 $4,564 5.25%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $295,000 $295,000 $2,587 2.25%
    Albemarle, NC (FHA|USDA|VA) 2 $290,000 $145,000 $4,848 3.81%
    Montrose, CO (FHA|USDA|VA) 1 $275,000 $275,000 $2,369 2.88%
    MIDLAND, TX (FHA|USDA|VA) 1 $275,000 $275,000 $3,353 2.88%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $275,000 $275,000 $4,271 2.75%
    Kerrville, TX (FHA|USDA|VA) 1 $265,000 $265,000 $5,422 6.88%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $265,000 $265,000 $2,136 3.38%
    Klamath Falls, OR (FHA|USDA|VA) 1 $265,000 $265,000 $3,562 2.88%
    LYNCHBURG, VA (FHA|USDA|VA) 1 $255,000 $255,000 $2,421 2.75%
    Dublin, GA (FHA|USDA|VA) 1 $255,000 $255,000 $3,670 3.25%
    Show Low, AZ (FHA|USDA|VA) 1 $255,000 $255,000 $7,680 5.37%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $245,000 $245,000 $6,294 3.88%
    Pahrump, NV (FHA|USDA|VA) 1 $245,000 $245,000 $7,177 3.00%
    Brevard, NC (FHA|USDA|VA) 1 $245,000 $245,000 $3,576 3.00%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $245,000 $245,000 $6,926 6.88%
    Oxford, MS (FHA|USDA|VA) 1 $235,000 $235,000 $3,558 3.50%
    LUBBOCK, TX (FHA|USDA|VA) 1 $235,000 $235,000 $6,590 7.00%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $235,000 $235,000 $7,274 4.25%
    BATTLE CREEK, MI (FHA|USDA|VA) 1 $235,000 $235,000 $5,106 6.00%
    Sanford, NC (FHA|USDA|VA) 1 $235,000 $235,000 $7,527 3.00%
    DALTON, GA (FHA|USDA|VA) 1 $225,000 $225,000 $5,738 2.75%
    Aberdeen, WA (FHA|USDA|VA) 1 $225,000 $225,000 $4,061 4.13%
    Brenham, TX (FHA|USDA|VA) 1 $225,000 $225,000 $6,893 2.88%
    Douglas, GA (FHA|USDA|VA) 1 $225,000 $225,000 $7,702 3.50%
    Gaffney, SC (FHA|USDA|VA) 1 $225,000 $225,000 $3,797 3.00%
    Lamesa, TX (FHA|USDA|VA) 1 $225,000 $225,000 $9,405 3.50%
    WINCHESTER, VA-WV (FHA|USDA|VA) 1 $215,000 $215,000 $5,611 5.63%
    Whitewater, WI (FHA|USDA|VA) 1 $215,000 $215,000 $4,457 6.63%
    Lake City, FL (FHA|USDA|VA) 1 $205,000 $205,000 $7,221 4.63%
    COLUMBUS, GA-AL (FHA|USDA|VA) 1 $205,000 $205,000 $5,386 5.75%
    Newberry, SC (FHA|USDA|VA) 1 $205,000 $205,000 $7,232 2.88%
    Silver City, NM (FHA|USDA|VA) 1 $195,000 $195,000 $7,580 3.00%
    New Philadelphia-Dover, OH (FHA|USDA|VA) 1 $195,000 $195,000 $4,981 6.50%
    MONROE, MI (FHA|USDA|VA) 1 $195,000 $195,000 $3,752 4.25%
    Deming, NM (FHA|USDA|VA) 1 $185,000 $185,000 $6,803 3.63%
    GREEN BAY, WI (FHA|USDA|VA) 1 $185,000 $185,000 $4,374 5.00%
    Boone, NC (FHA|USDA|VA) 1 $185,000 $185,000 $4,714 2.63%
    St. Marys, GA (FHA|USDA|VA) 1 $185,000 $185,000 $5,274 3.63%
    Lewisburg, TN (FHA|USDA|VA) 1 $175,000 $175,000 $4,431 3.00%
    Durant, OK (FHA|USDA|VA) 1 $165,000 $165,000 $4,124 3.88%
    WACO, TX (FHA|USDA|VA) 1 $165,000 $165,000 $4,067 3.63%
    MONTGOMERY, AL (FHA|USDA|VA) 1 $155,000 $155,000 $5,633 3.25%
    Fort Polk South, LA (FHA|USDA|VA) 1 $155,000 $155,000 $3,540 2.75%
    FORT WAYNE, IN (FHA|USDA|VA) 1 $155,000 $155,000 $5,081 3.63%
    AMES, IA (FHA|USDA|VA) 1 $155,000 $155,000 $4,014 7.13%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $155,000 $155,000 $2,904 3.63%
    ABILENE, TX (FHA|USDA|VA) 1 $155,000 $155,000 $4,683 3.87%
    Stephenville, TX (FHA|USDA|VA) 1 $155,000 $155,000 $3,156 3.38%
    Bainbridge, GA (FHA|USDA|VA) 1 $155,000 $155,000 $5,416 2.75%
    Athens, TN (FHA|USDA|VA) 1 $145,000 $145,000 $375 3.00%
    Cedartown, GA (FHA|USDA|VA) 1 $145,000 $145,000 $3,768 3.00%
    Adrian, MI (FHA|USDA|VA) 1 $145,000 $145,000 $4,498 5.38%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $135,000 $135,000 $5,114 3.75%
    Atmore, AL (FHA|USDA|VA) 1 $135,000 $135,000 $2,896 3.25%
    McMinnville, TN (FHA|USDA|VA) 1 $135,000 $135,000 $5,042 2.75%
    Alamogordo, NM (FHA|USDA|VA) 1 $135,000 $135,000 $2,740 3.25%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $125,000 $125,000 $4,418 5.38%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $125,000 $125,000 $6,147 3.50%
    Talladega-Sylacauga, AL (FHA|USDA|VA) 1 $125,000 $125,000 $5,975 2.75%
    Carlsbad-Artesia, NM (FHA|USDA|VA) 1 $125,000 $125,000 $3,398 3.38%
    SPARTANBURG, SC (FHA|USDA|VA) 1 $125,000 $125,000 $4,283 5.50%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $115,000 $115,000 $4,653 3.63%
    STAUNTON, VA (FHA|USDA|VA) 1 $115,000 $115,000 $5,091 2.38%
    MUNCIE, IN (FHA|USDA|VA) 1 $105,000 $105,000 $3,704 5.63%
    Opelousas, LA (FHA|USDA|VA) 1 $105,000 $105,000 $3,797 3.13%
    Vicksburg, MS (FHA|USDA|VA) 1 $95,000 $95,000 $3,428 3.25%
    Ottawa, IL (FHA|USDA|VA) 1 $95,000 $95,000 $4,130 4.63%
    Thomaston, GA (FHA|USDA|VA) 1 $85,000 $85,000 $4,091 3.63%
    DECATUR, AL (FHA|USDA|VA) 1 $75,000 $75,000 $3,485 5.38%
    Angel Oak Home Loans's top markets include Atlanta, Wilmington, Dallas, Austin, and Los Angeles among others.

    Their top states include:
  • Georgia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • California (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 6,508 $2,258,470,000 $347,030 $5,549 3.47%
    FHA 1,009 $230,205,000 $228,152 $8,199 3.07%
    VA 637 $207,805,000 $326,224 $6,369 2.78%
    USDA 247 $42,185,000 $170,789 $5,522 2.95%

    For 2021, Angel Oak Home Loans's most frequently originated type of loan was Conventional, with 6,508 originations. Their 2nd most popular type was FHA, with 1,009 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 5,590 $1,809,940,000 $323,782 $6,283 3.37%
    Refi 2,811 $928,725,000 $330,390 $5,227 3.33%

    For 2021, Angel Oak Home Loans's most frequently cited loan purpose was Home Purchase, with 5,590 originations. The 2nd most popular reason was Refi, with 2,811 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 7,675 $2,527,275,000 $329,287 $6,067 3.42%
    15 Year 497 $124,725,000 $250,956 $3,977 2.59%
    20 Year 118 $28,420,000 $240,847 $3,504 2.63%
    30+ year 54 $49,360,000 $914,074 $13,597 4.69%
    10 Year 38 $3,220,000 $84,737 $1,367 0.93%
    Other 19 $5,665,000 $298,158 $3,703 3.10%

    For 2021, Angel Oak Home Loans's most frequently cited loan duration was 30 Year, with 7,675 originations. The 2nd most popular length was 15 Year, with 497 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 4,791 $1,359,735,000 $283,810
    $2k-3k 978 $255,200,000 $260,941
    $<1k 841 $268,935,000 $319,780
    $5k+ 821 $552,885,000 $673,429
    $3k-4k 610 $178,410,000 $292,475
    $4k-5k 351 $121,185,000 $345,256

    Angel Oak Home Loans's average total fees were $6,067, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 4,791 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 3,918 $1,246,950,000 $318,262
    2.5-3% 2,772 $865,550,000 $312,247
    4-5% 596 $267,340,000 $448,557
    <2.5% 577 $162,975,000 $282,452
    5-6% 399 $145,165,000 $363,822
    6-7% 120 $42,750,000 $356,250
    7-8% 18 $6,030,000 $335,000
    Over 8% 1 $1,905,000 $1,905,000

    During 2021, Angel Oak Home Loans's average interest rate for loans was 3.42%, while their most frequently originated rate bucket for loans was 3-4%, with 3,918 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 3,798 $1,078,710,000 $284,021 $5,663 3.33%
    $100k-200k 2,284 $353,840,000 $154,921 $4,473 3.34%
    $400k-600k 1,211 $582,995,000 $481,416 $6,474 3.35%
    $600k-1MM 511 $381,615,000 $746,800 $10,269 3.70%
    $100,000 or less 369 $27,505,000 $74,539 $3,351 3.02%
    $1MM+ 228 $314,000,000 $1,377,193 $16,476 3.79%

    2021 saw Angel Oak Home Loans place emphasis on $200k-400k loans with 3,798 originations, totaling $1,078,710,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 1,650 $366,520,000 $222,133 $5,357 3.12%
    $100k-150k 1,617 $508,855,000 $314,691 $5,477 3.27%
    $50k or less 1,424 $273,650,000 $192,170 $5,083 3.44%
    $150k-250k 1,374 $583,710,000 $424,825 $6,227 3.46%
    $75k-100k 1,255 $331,555,000 $264,187 $5,572 3.26%
    $250k+ 1,020 $650,860,000 $638,098 $8,868 3.76%

    Angel Oak Home Loans lent most frequently to those with incomes in the $50k-75k range, with 1,650 originations. The second most popular income band? $100k-150k, with 1,617 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,572 $502,990,000 $319,968 $5,283 3.24%
    30-36% 1,462 $473,440,000 $323,830 $5,552 3.28%
    <20% 781 $283,675,000 $363,220 $5,926 3.47%
    50-60% 435 $127,235,000 $292,494 $8,441 3.01%
    44% 323 $102,465,000 $317,229 $5,945 3.32%
    42% 317 $102,735,000 $324,085 $5,871 3.30%
    40% 310 $99,750,000 $321,774 $5,901 3.43%
    41% 302 $97,600,000 $323,179 $5,786 3.30%
    39% 290 $90,960,000 $313,655 $5,765 3.26%
    43% 274 $94,280,000 $344,088 $6,402 3.30%
    38% 272 $87,470,000 $321,581 $5,654 3.26%
    49% 250 $94,230,000 $376,920 $6,814 3.47%
    37% 250 $83,450,000 $333,800 $5,603 3.29%
    46% 245 $81,195,000 $331,408 $6,020 3.40%
    36% 241 $75,695,000 $314,087 $5,559 3.19%
    47% 228 $79,160,000 $347,193 $6,587 3.36%
    45% 226 $76,610,000 $338,982 $6,138 3.30%
    48% 202 $68,590,000 $339,554 $6,735 3.35%
    >60% 8 $2,000,000 $250,000 $6,399 2.84%

    Angel Oak Home Loans lent most frequently to those with DTI ratios of 20-30%, with 1,572 originations. The next most common DTI ratio? 30-36%, with 1,462 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 5,968 $1,930,630,000 $323,497 $5,753 3.33%
    Not provided 1,243 $457,215,000 $367,832 $6,339 3.44%
    Black 808 $212,160,000 $262,574 $6,417 3.30%
    Asian 260 $95,860,000 $368,692 $6,133 3.56%
    American Indian 45 $15,235,000 $338,556 $6,466 3.38%
    Asian Indian 31 $12,555,000 $405,000 $7,545 3.91%
    Vietnamese 12 $3,510,000 $292,500 $5,155 3.65%
    Native Hawaiian or Islander 8 $3,100,000 $387,500 $8,682 3.38%
    Other Asian 8 $2,580,000 $322,500 $5,890 3.63%
    Chinese 8 $1,930,000 $241,250 $5,768 3.80%
    Korean 2 $1,310,000 $655,000 $8,380 3.43%
    Filipino 4 $1,260,000 $315,000 $6,912 3.91%
    Other Pacific Islander 3 $935,000 $311,667 $5,544 4.17%
    1 $385,000 $385,000 $7,682 6.25%

    Approval Rates

    Total approvals of all applications
    93.59%

    Angel Oak Home Loans has an average approval rate.

    Pick Rate

    Approvals leading to origination
    68.23%

    Angel Oak Home Loans has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 8,401 $2,738,665,000 $325,993

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    8,401 $2,738,665,000 $325,993

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 257 $63,535,000 $247,218 $4,459 3.06%
    40-60% 892 $299,830,000 $336,132 $4,969 3.17%
    60-80% 2,976 $1,044,880,000 $351,102 $5,686 3.53%
    80-100% 4,049 $1,269,675,000 $313,577 $6,223 3.34%
    Over 100% 177 $57,945,000 $327,373 $11,655 2.84%
    Under 20% 50 $2,800,000 $56,000 $1,083 0.82%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Angel Oak Home Loans LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 33.3%
    Angel Oak Home Loans LLC Conventional home mortgage Closing on a mortgage 1 16.7%
    Angel Oak Home Loans LLC Conventional home mortgage Trouble during payment process 2 33.3%
    Angel Oak Home Loans LLC FHA mortgage Closing on a mortgage 1 16.7%