Angel Oak Home Loans Mortgage Rates, Fees & Info
ATLANTA, GALEI: 549300GDBIZCOI6TMO49
Tax ID: 27-3863726
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Mortgage Data
Review & Overview
Angel Oak Home Loans is a smaller 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, Los Angeles, Oxnard, Dallas, and Wilmington among others. We have data for 124 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 relatively high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.12% | 4/18/24 |
| 30 Year Conventional Refi | 7.40% | 4/18/24 |
| 30 Year Cash-out Refi | 6.27% | 4/18/24 |
| 30 Year FHA Purchase | 7.55% | 4/18/24 |
| 30 Year FHA Refi | 7.49% | 4/18/24 |
| 30 Year VA Purchase | 6.32% | 4/18/24 |
| 30 Year VA Refi | 6.13% | 4/18/24 |
| 30 Year USDA Purchase | 6.99% | 4/18/24 |
| 30 Year USDA Refi | 6.99% | 4/18/24 |
| 15 Year Conventional Purchase | 5.16% | 4/18/24 |
| 15 Year Conventional Refi | 6.27% | 4/18/24 |
| 15 Year Cash-out Refi | 6.27% | 4/18/24 |
| 15 Year FHA Purchase | 7.76% | 4/18/24 |
| 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. | ||
Angel Oak Home Loans Mortgage Calculator
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This is not an official calculator from Angel Oak Home Loans. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,840Origination Dollar Volume (All Markets)
$632,820,000Top 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) | 503 | $191,865,000 | $381,441 | $6,248 | 5.23% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 98 | $60,920,000 | $621,633 | $8,449 | 5.21% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 52 | $28,530,000 | $548,654 | $6,637 | 5.06% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 84 | $26,400,000 | $314,286 | $7,754 | 5.47% |
| WILMINGTON, NC (FHA|USDA|VA) | 101 | $26,275,000 | $260,149 | $4,260 | 4.96% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 57 | $21,075,000 | $369,737 | $7,680 | 5.96% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 70 | $19,590,000 | $279,857 | $6,855 | 5.35% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 64 | $17,810,000 | $278,281 | $4,798 | 5.27% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 61 | $17,285,000 | $283,361 | $5,921 | 5.68% |
| GREENVILLE, NC (FHA|USDA|VA) | 90 | $16,090,000 | $178,778 | $4,073 | 4.81% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 43 | $15,105,000 | $351,279 | $6,147 | 4.94% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 69 | $14,775,000 | $214,130 | $4,580 | 5.05% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 31 | $10,015,000 | $323,065 | $7,238 | 5.50% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 10 | $9,750,000 | $975,000 | $11,260 | 4.71% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 15 | $9,475,000 | $631,667 | $14,934 | 6.20% |
| Wilson, NC (FHA|USDA|VA) | 56 | $9,370,000 | $167,321 | $3,635 | 4.85% |
| Outside of Metro Areas | 38 | $8,820,000 | $232,105 | $5,388 | 5.40% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 12 | $8,820,000 | $735,000 | $9,052 | 5.36% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 31 | $7,565,000 | $244,032 | $4,920 | 5.39% |
| BATON ROUGE, LA (FHA|USDA|VA) | 24 | $7,080,000 | $295,000 | $5,265 | 4.98% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 20 | $6,620,000 | $331,000 | $7,309 | 5.49% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 7 | $6,475,000 | $925,000 | $7,311 | 5.37% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 9 | $5,445,000 | $605,000 | $8,001 | 5.38% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 19 | $5,215,000 | $274,474 | $5,569 | 5.64% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 8 | $5,030,000 | $628,750 | $7,446 | 5.53% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 7 | $4,775,000 | $682,143 | $8,528 | 4.87% |
| GAINESVILLE, GA (FHA|USDA|VA) | 9 | $3,645,000 | $405,000 | $7,561 | 5.03% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 10 | $3,380,000 | $338,000 | $6,733 | 6.11% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 20 | $3,250,000 | $162,500 | $4,514 | 4.95% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 6 | $3,120,000 | $520,000 | $13,169 | 6.08% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 6 | $2,900,000 | $483,333 | $13,049 | 5.69% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 8 | $2,730,000 | $341,250 | $6,510 | 5.53% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $2,090,000 | $1,045,000 | $35,541 | 5.75% |
| Morehead City, NC (FHA|USDA|VA) | 5 | $1,785,000 | $357,000 | $3,329 | 4.83% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 5 | $1,695,000 | $339,000 | $6,461 | 5.70% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 5 | $1,645,000 | $329,000 | $8,777 | 5.05% |
| ASHEVILLE, NC (FHA|USDA|VA) | 5 | $1,595,000 | $319,000 | $3,662 | 5.33% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 6 | $1,590,000 | $265,000 | $4,420 | 5.60% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 6 | $1,540,000 | $256,667 | $4,208 | 5.37% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 7 | $1,525,000 | $217,857 | $6,711 | 4.79% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $1,365,000 | $455,000 | $6,262 | 6.00% |
| VALLEJO, CA (FHA|USDA|VA) | 4 | $1,350,000 | $337,500 | $10,562 | 5.81% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 5 | $1,235,000 | $247,000 | $4,990 | 5.55% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 3 | $1,195,000 | $398,333 | $6,455 | 4.75% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $1,150,000 | $575,000 | $8,742 | 6.75% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $1,135,000 | $1,135,000 | $15,005 | 4.75% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 4 | $1,090,000 | $272,500 | $4,932 | 4.66% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $1,020,000 | $510,000 | $9,614 | 5.94% |
| COLUMBIA, SC (FHA|USDA|VA) | 7 | $985,000 | $140,714 | $5,252 | 5.37% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $980,000 | $245,000 | $4,647 | 6.75% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 6 | $980,000 | $163,333 | $5,210 | 6.50% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $940,000 | $470,000 | $2,944 | 4.88% |
| VALDOSTA, GA (FHA|USDA|VA) | 6 | $940,000 | $156,667 | $4,670 | 5.33% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $935,000 | $935,000 | $4,872 | 4.75% |
| Washington, NC (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $4,164 | 4.79% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $7,632 | 5.58% |
| GAINESVILLE, FL (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $8,795 | 6.58% |
| HAMMOND, LA (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $4,296 | 4.97% |
| NAPA, CA (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $7,095 | 4.50% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $7,614 | 6.62% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $6,982 | 8.25% |
| NEW BERN, NC (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $5,760 | 4.94% |
| KANKAKEE, IL (FHA|USDA|VA) | 6 | $700,000 | $116,667 | $3,845 | 4.75% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $8,468 | 5.06% |
| FRESNO, CA (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $7,356 | 7.12% |
| Tifton, GA (FHA|USDA|VA) | 4 | $630,000 | $157,500 | $5,699 | 5.09% |
| GOLDSBORO, NC (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $3,926 | 4.75% |
| Jefferson, GA (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $8,387 | 4.69% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 4 | $560,000 | $140,000 | $4,450 | 5.14% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $10,932 | 7.75% |
| Toccoa, GA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $5,242 | 4.63% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $2,861 | 4.50% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $9,006 | 6.38% |
| Granbury, TX (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $23,715 | 5.63% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $3,977 | 4.99% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $8,424 | 5.88% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $5,760 | 4.75% |
| RICHMOND, VA (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $2,986 | 5.96% |
| Albemarle, NC (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $6,122 | 4.81% |
| Paris, TX (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $11,347 | 6.75% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $6,089 | 4.88% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $8,628 | 4.88% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $17,550 | 4.38% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $4,887 | 6.13% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $6,494 | 4.75% |
| Lufkin, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $7,440 | 7.63% |
| Kinston, NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,531 | 4.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $7,095 | 4.94% |
| Elizabeth City, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,476 | 4.50% |
| Payson, AZ (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $11,992 | 4.50% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $6,345 | 5.28% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,161 | 5.13% |
| REDDING, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,969 | 6.38% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,375 | 5.25% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,749 | 5.00% |
| SPARTANBURG, SC (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $4,548 | 6.13% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,874 | 4.50% |
| OCALA, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $12,402 | 5.13% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,819 | 5.63% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $9,223 | 5.13% |
| TULSA, OK (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,317 | 9.12% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,694 | 5.38% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,330 | 9.99% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,567 | 8.38% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,876 | 9.00% |
| Thomaston, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,642 | 5.75% |
| Summerville, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,017 | 4.88% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,464 | 4.88% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,734 | 4.88% |
| Lake City, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,774 | 7.00% |
| Seneca, SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,902 | 4.50% |
| Boone, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,897 | 5.50% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,310 | 4.50% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,434 | 4.75% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,235 | 4.99% |
| ROME, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,311 | 4.75% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,282 | 4.88% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,714 | 6.87% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,421 | 4.63% |
| DOTHAN, AL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,304 | 5.00% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,793 | 4.75% |
| Athens, TN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,441 | 4.63% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,816 | 5.38% |
| Shelby, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,516 | 5.63% |
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Product Mix
For 2018, Angel Oak Home Loans's most frequently originated type of loan was Conventional, with 1,479 originations. Their 2nd most popular type was FHA, with 242 originations.
Loan Reason
For 2018, Angel Oak Home Loans's most frequently cited loan purpose was Home Purchase, with 1,495 originations. The 2nd most popular reason was Refi, with 334 originations.
Loan Duration/Length
For 2018, Angel Oak Home Loans's most frequently cited loan duration was 30 Year, with 1,749 originations. The 2nd most popular length was 15 Year, with 44 originations.
Origination Fees/Closing Costs
Angel Oak Home Loans's average total fees were $6,367, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 679 originations.
Interest Rates
During 2018, Angel Oak Home Loans's average interest rate for loans was 5.28%, while their most frequently originated rate bucket for loans was 4-5%, with 1,067 originations.
Loan Sizing
2018 saw Angel Oak Home Loans place emphasis on $200k-400k loans with 785 originations, totaling $222,895,000 in origination value.
Applicant Income
Angel Oak Home Loans lent most frequently to those with incomes in the $100k-150k range, with 417 originations. The second most popular income band? $150k-250k, with 322 originations.
Applicant Debt to Income Ratio
Angel Oak Home Loans lent most frequently to those with DTI ratios of 20-30%, with 315 originations. The next most common DTI ratio? 30-36%, with 287 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.60%
Angel Oak Home Loans has an average approval rate.
Pick Rate
Approvals leading to origination65.54%
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 |
|---|---|---|---|
| 0.0 | 3 | $15,000 | $5,000 |
| NA | 1,837 | $632,805,000 | $344,477 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 6 | $700,000 | $116,667 |
| Single Family (1-4 Units):Site-Built | 1,834 | $632,120,000 | $344,667 |