Angel Oak Home Loans Mortgage Rates, Fees & Info

ATLANTA, GA

LEI: 549300GDBIZCOI6TMO49

Tax ID: 27-3863726

Latest/2023 | 2022 Data | 2021 Data | 2020 Data |

Jump to:

Mortgage Data

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, Austin, New Orleans, and Raleigh among others. We have data for 234 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 7.12% 3/28/24
30 Year Conventional Refi 7.40% 3/28/24
30 Year Cash-out Refi 6.27% 3/28/24
30 Year FHA Purchase 7.55% 3/28/24
30 Year FHA Refi 7.49% 3/28/24
30 Year VA Purchase 6.32% 3/28/24
30 Year VA Refi 6.13% 3/28/24
30 Year USDA Purchase 6.99% 3/28/24
30 Year USDA Refi 6.99% 3/28/24
15 Year Conventional Purchase 5.16% 3/28/24
15 Year Conventional Refi 6.27% 3/28/24
15 Year Cash-out Refi 6.27% 3/28/24
15 Year FHA Purchase 7.76% 3/28/24
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






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Angel Oak Home Loans. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

7,555

Origination Dollar Volume (All Markets)

$2,166,425,000
Show all (28) awards

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) 1,542 $543,550,000 $352,497 $4,775 3.25%
WILMINGTON, NC (FHA|USDA|VA) 384 $101,810,000 $265,130 $4,012 3.12%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 303 $87,015,000 $287,178 $4,699 3.25%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 292 $85,270,000 $292,021 $3,850 3.15%
RALEIGH-CARY, NC (FHA|USDA|VA) 303 $85,035,000 $280,644 $4,131 3.30%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 242 $81,980,000 $338,760 $7,152 3.38%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 278 $81,680,000 $293,813 $4,155 3.34%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 266 $68,620,000 $257,970 $4,502 3.17%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 249 $64,495,000 $259,016 $6,617 3.21%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 230 $52,750,000 $229,348 $4,296 3.20%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 157 $52,335,000 $333,344 $7,566 3.12%
BATON ROUGE, LA (FHA|USDA|VA) 166 $49,310,000 $297,048 $4,245 3.16%
JACKSON, MS (FHA|USDA|VA) 195 $48,185,000 $247,103 $4,627 3.08%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 85 $44,785,000 $526,882 $4,872 3.35%
Outside of Metro Areas 193 $44,045,000 $228,212 $4,760 3.28%
GREENVILLE, NC (FHA|USDA|VA) 201 $44,015,000 $218,980 $3,658 3.16%
SAVANNAH, GA (FHA|USDA|VA) 191 $42,765,000 $223,901 $5,354 3.06%
VALDOSTA, GA (FHA|USDA|VA) 201 $41,245,000 $205,199 $4,548 3.06%
COLUMBIA, SC (FHA|USDA|VA) 213 $34,135,000 $160,258 $4,248 2.70%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 65 $32,505,000 $500,077 $4,255 3.23%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 89 $30,835,000 $346,461 $5,774 3.38%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 80 $28,300,000 $353,750 $4,871 3.51%
Tifton, GA (FHA|USDA|VA) 135 $27,015,000 $200,111 $4,565 3.11%
Wilson, NC (FHA|USDA|VA) 113 $19,525,000 $172,788 $3,953 3.25%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 43 $18,305,000 $425,698 $5,959 3.35%
Brookhaven, MS (FHA|USDA|VA) 103 $18,265,000 $177,330 $3,753 3.03%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 71 $17,805,000 $250,775 $3,770 3.42%
JACKSONVILLE, NC (FHA|USDA|VA) 53 $12,785,000 $241,226 $4,014 3.24%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 37 $11,185,000 $302,297 $5,668 3.74%
GAINESVILLE, GA (FHA|USDA|VA) 35 $10,975,000 $313,571 $5,393 3.16%
WARNER ROBINS, GA (FHA|USDA|VA) 58 $10,060,000 $173,448 $4,454 3.39%
Morehead City, NC (FHA|USDA|VA) 29 $9,335,000 $321,897 $3,971 3.33%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 22 $8,470,000 $385,000 $4,576 3.53%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 28 $8,330,000 $297,500 $5,404 3.60%
ROCKY MOUNT, NC (FHA|USDA|VA) 40 $7,960,000 $199,000 $4,258 3.27%
SHERMAN-DENISON, TX (FHA|USDA|VA) 23 $6,775,000 $294,565 $7,305 3.03%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 12 $6,600,000 $550,000 $8,375 3.87%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 12 $6,050,000 $504,167 $5,257 3.23%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 10 $5,950,000 $595,000 $4,622 3.12%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 13 $5,645,000 $434,231 $4,389 3.90%
BRUNSWICK, GA (FHA|USDA|VA) 14 $5,350,000 $382,143 $5,606 3.13%
JACKSONVILLE, FL (FHA|USDA|VA) 19 $5,005,000 $263,421 $5,086 3.30%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 29 $4,995,000 $172,241 $4,040 3.12%
EL PASO, TX (FHA|USDA|VA) 21 $4,695,000 $223,571 $5,395 3.00%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 11 $4,665,000 $424,091 $5,314 3.84%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 10 $4,550,000 $455,000 $8,905 4.09%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 14 $4,500,000 $321,429 $4,853 3.25%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 14 $4,200,000 $300,000 $5,947 4.60%
HAMMOND, LA (FHA|USDA|VA) 19 $4,165,000 $219,211 $4,089 3.05%
Washington, NC (FHA|USDA|VA) 18 $4,100,000 $227,778 $3,977 3.12%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 14 $4,020,000 $287,143 $4,139 2.84%
Jefferson, GA (FHA|USDA|VA) 15 $3,885,000 $259,000 $4,727 3.63%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 8 $3,850,000 $481,250 $8,962 4.36%
ASHEVILLE, NC (FHA|USDA|VA) 10 $3,840,000 $384,000 $5,200 3.03%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 15 $3,825,000 $255,000 $4,423 3.37%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 13 $3,675,000 $282,692 $5,437 3.13%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $3,495,000 $1,165,000 $14,733 3.71%
McComb, MS (FHA|USDA|VA) 20 $3,470,000 $173,500 $4,444 3.01%
WINSTON-SALEM, NC (FHA|USDA|VA) 14 $3,360,000 $240,000 $3,320 3.42%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 8 $3,290,000 $411,250 $6,250 3.36%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 11 $3,275,000 $297,727 $4,103 3.28%
FAYETTEVILLE, NC (FHA|USDA|VA) 16 $3,170,000 $198,125 $3,738 3.30%
SUMTER, SC (FHA|USDA|VA) 20 $3,160,000 $158,000 $4,978 3.06%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 8 $2,980,000 $372,500 $9,730 4.61%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 7 $2,895,000 $413,571 $4,280 3.61%
LAS CRUCES, NM (FHA|USDA|VA) 14 $2,790,000 $199,286 $4,355 3.13%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 11 $2,755,000 $250,455 $4,190 2.81%
Statesboro, GA (FHA|USDA|VA) 16 $2,680,000 $167,500 $4,884 3.16%
RICHMOND, VA (FHA|USDA|VA) 7 $2,615,000 $373,571 $6,857 4.30%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 9 $2,445,000 $271,667 $5,304 3.64%
PORT ST. LUCIE, FL (FHA|USDA|VA) 11 $2,395,000 $217,727 $4,581 3.18%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 6 $2,260,000 $376,667 $6,125 3.39%
Key West, FL (FHA|USDA|VA) 3 $2,255,000 $751,667 $11,769 3.92%
SALINAS, CA (FHA|USDA|VA) 1 $2,135,000 $2,135,000 $36,377 2.75%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 5 $2,115,000 $423,000 $4,196 3.12%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 8 $2,090,000 $261,250 $6,418 3.42%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 5 $1,895,000 $379,000 $7,794 3.38%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 8 $1,890,000 $236,250 $4,748 3.28%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 11 $1,825,000 $165,909 $4,929 3.48%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 10 $1,790,000 $179,000 $5,316 3.39%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 5 $1,755,000 $351,000 $5,806 4.35%
NEW BERN, NC (FHA|USDA|VA) 7 $1,725,000 $246,429 $4,740 3.46%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 6 $1,710,000 $285,000 $4,182 3.54%
HINESVILLE, GA (FHA|USDA|VA) 9 $1,675,000 $186,111 $6,143 3.47%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 4 $1,650,000 $412,500 $5,917 2.78%
Milledgeville, GA (FHA|USDA|VA) 5 $1,645,000 $329,000 $4,739 3.00%
SALISBURY, MD-DE (FHA|USDA|VA) 5 $1,525,000 $305,000 $4,365 2.95%
Kill Devil Hills, NC (FHA|USDA|VA) 5 $1,515,000 $303,000 $4,438 3.17%
Cordele, GA (FHA|USDA|VA) 5 $1,485,000 $297,000 $4,880 2.98%
BURLINGTON, NC (FHA|USDA|VA) 8 $1,480,000 $185,000 $3,986 3.91%
COLORADO SPRINGS, CO (FHA|USDA|VA) 4 $1,460,000 $365,000 $3,821 2.97%
ALBANY, GA (FHA|USDA|VA) 7 $1,435,000 $205,000 $3,971 3.07%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 4 $1,270,000 $317,500 $3,301 3.22%
Breckenridge, CO (FHA|USDA|VA) 1 $1,235,000 $1,235,000 $3,312 3.13%
Thomaston, GA (FHA|USDA|VA) 10 $1,220,000 $122,000 $5,156 4.01%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 4 $1,210,000 $302,500 $3,335 3.09%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 7 $1,195,000 $170,714 $5,675 2.84%
LYNCHBURG, VA (FHA|USDA|VA) 2 $1,100,000 $550,000 $7,970 3.25%
Orangeburg, SC (FHA|USDA|VA) 5 $995,000 $199,000 $7,087 2.88%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 5 $975,000 $195,000 $3,306 3.15%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 2 $970,000 $485,000 $10,990 3.88%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $940,000 $470,000 $3,429 3.06%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 4 $900,000 $225,000 $2,239 2.75%
GOLDSBORO, NC (FHA|USDA|VA) 5 $895,000 $179,000 $4,598 3.60%
ROME, GA (FHA|USDA|VA) 5 $885,000 $177,000 $3,607 3.38%
Durango, CO (FHA|USDA|VA) 1 $865,000 $865,000 $5,406 3.25%
Athens, TN (FHA|USDA|VA) 2 $860,000 $430,000 $4,828 4.56%
GAINESVILLE, FL (FHA|USDA|VA) 3 $795,000 $265,000 $4,076 2.88%
Edwards, CO (FHA|USDA|VA) 1 $785,000 $785,000 $3,254 3.38%
Fitzgerald, GA (FHA|USDA|VA) 7 $765,000 $109,286 $5,066 3.07%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $755,000 $755,000 $7,159 2.99%
FRESNO, CA (FHA|USDA|VA) 3 $735,000 $245,000 $3,175 3.08%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $735,000 $735,000 $2,643 3.63%
MOBILE, AL (FHA|USDA|VA) 2 $710,000 $355,000 $2,553 2.69%
Vicksburg, MS (FHA|USDA|VA) 3 $705,000 $235,000 $3,159 3.00%
HUNTSVILLE, AL (FHA|USDA|VA) 3 $695,000 $231,667 $4,934 2.79%
Starkville, MS (FHA|USDA|VA) 4 $680,000 $170,000 $3,724 2.84%
Danville, VA (FHA|USDA|VA) 2 $680,000 $340,000 $5,615 3.00%
TYLER, TX (FHA|USDA|VA) 2 $650,000 $325,000 $6,585 5.31%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 2 $640,000 $320,000 $6,676 3.19%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $635,000 $211,667 $3,671 4.25%
Laurel, MS (FHA|USDA|VA) 2 $610,000 $305,000 $3,389 2.75%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $570,000 $285,000 $7,482 3.06%
Carlsbad-Artesia, NM (FHA|USDA|VA) 2 $550,000 $275,000 $3,964 2.81%
Cedartown, GA (FHA|USDA|VA) 3 $535,000 $178,333 $4,778 3.96%
FLORENCE, SC (FHA|USDA|VA) 2 $530,000 $265,000 $3,952 3.13%
Moultrie, GA (FHA|USDA|VA) 4 $530,000 $132,500 $3,552 2.84%
RACINE, WI (FHA|USDA|VA) 2 $530,000 $265,000 $3,895 4.19%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 3 $525,000 $175,000 $5,633 3.29%
Rockport, TX (FHA|USDA|VA) 2 $520,000 $260,000 $4,926 3.19%
Gainesville, TX (FHA|USDA|VA) 2 $520,000 $260,000 $7,422 3.50%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $515,000 $515,000 $2,044 3.37%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $515,000 $515,000 $10,086 7.25%
Georgetown, SC (FHA|USDA|VA) 1 $515,000 $515,000 $12,015 3.50%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $505,000 $505,000 $11,597 3.25%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $505,000 $505,000 $6,849 3.50%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $495,000 $495,000 $6,698 3.38%
BOULDER, CO (FHA|USDA|VA) 1 $495,000 $495,000 $4,467 2.99%
PUNTA GORDA, FL (FHA|USDA|VA) 2 $490,000 $245,000 $5,742 3.63%
TULSA, OK (FHA|USDA|VA) 2 $490,000 $245,000 $6,268 4.31%
Toccoa, GA (FHA|USDA|VA) 1 $485,000 $485,000 $3,219 3.50%
Jennings, LA (FHA|USDA|VA) 2 $480,000 $240,000 $5,553 3.06%
Kinston, NC (FHA|USDA|VA) 4 $480,000 $120,000 $3,249 3.44%
Ruidoso, NM (FHA|USDA|VA) 1 $455,000 $455,000 $8,557 2.88%
Cullowhee, NC (FHA|USDA|VA) 1 $445,000 $445,000 $7,492 4.88%
CORPUS CHRISTI, TX (FHA|USDA|VA) 3 $435,000 $145,000 $3,248 3.25%
VALLEJO, CA (FHA|USDA|VA) 1 $425,000 $425,000 $3,193 2.38%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $425,000 $425,000 $7,705 3.88%
Kerrville, TX (FHA|USDA|VA) 1 $415,000 $415,000 $4,110 2.25%
MODESTO, CA (FHA|USDA|VA) 1 $415,000 $415,000 $3,590 2.99%
COLUMBUS, GA-AL (FHA|USDA|VA) 2 $410,000 $205,000 $3,292 3.88%
TALLAHASSEE, FL (FHA|USDA|VA) 2 $410,000 $205,000 $7,014 3.06%
Taos, NM (FHA|USDA|VA) 1 $405,000 $405,000 $4,461 3.00%
Palatka, FL (FHA|USDA|VA) 3 $405,000 $135,000 $4,920 3.83%
DeRidder, LA (FHA|USDA|VA) 1 $395,000 $395,000 $4,299 3.63%
Sanford, NC (FHA|USDA|VA) 2 $390,000 $195,000 $4,426 3.06%
NAPA, CA (FHA|USDA|VA) 1 $385,000 $385,000 $3,338 3.25%
Silver City, NM (FHA|USDA|VA) 1 $385,000 $385,000 $3,469 3.13%
Seneca, SC (FHA|USDA|VA) 1 $385,000 $385,000 $3,080 2.75%
Albemarle, NC (FHA|USDA|VA) 2 $380,000 $190,000 $3,475 3.13%
ERIE, PA (FHA|USDA|VA) 2 $380,000 $190,000 $3,728 3.13%
COLUMBUS, OH (FHA|USDA|VA) 1 $345,000 $345,000 $10,371 2.63%
Granbury, TX (FHA|USDA|VA) 2 $340,000 $170,000 $6,317 3.87%
TUSCALOOSA, AL (FHA|USDA|VA) 1 $335,000 $335,000 $4,558 3.00%
North Wilkesboro, NC (FHA|USDA|VA) 1 $335,000 $335,000 $9,770 3.00%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $325,000 $325,000 $2,638 2.88%
EL CENTRO, CA (FHA|USDA|VA) 1 $315,000 $315,000 $4,076 2.88%
FOND DU LAC, WI (FHA|USDA|VA) 1 $295,000 $295,000 $2,104 2.75%
Shelby, NC (FHA|USDA|VA) 2 $290,000 $145,000 $5,582 3.94%
Picayune, MS (FHA|USDA|VA) 2 $290,000 $145,000 $2,703 4.06%
Findlay, OH (FHA|USDA|VA) 1 $285,000 $285,000 $6,309 6.75%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $280,000 $140,000 $5,214 6.50%
TUCSON, AZ (FHA|USDA|VA) 1 $275,000 $275,000 $3,264 3.13%
Big Stone Gap, VA (FHA|USDA|VA) 1 $275,000 $275,000 $2,464 2.99%
Greensburg, IN (FHA|USDA|VA) 1 $275,000 $275,000 $7,403 2.75%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $275,000 $275,000 $9,363 2.38%
Thomasville, GA (FHA|USDA|VA) 2 $270,000 $135,000 $4,081 3.56%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $265,000 $265,000 $7,308 2.75%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 3 $265,000 $88,333 $3,332 3.25%
Newberry, SC (FHA|USDA|VA) 2 $260,000 $130,000 $5,676 3.19%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $255,000 $255,000 $4,557 3.50%
PITTSBURGH, PA (FHA|USDA|VA) 1 $255,000 $255,000 $7,773 6.75%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $255,000 $255,000 $4,299 2.25%
Boone, NC (FHA|USDA|VA) 2 $250,000 $125,000 $3,375 3.00%
Baraboo, WI (FHA|USDA|VA) 1 $245,000 $245,000 $1,879 2.75%
Douglas, GA (FHA|USDA|VA) 1 $245,000 $245,000 $7,769 2.50%
MONROE, MI (FHA|USDA|VA) 1 $235,000 $235,000 $3,265 2.50%
Lumberton, NC (FHA|USDA|VA) 1 $225,000 $225,000 $3,276 2.75%
ROANOKE, VA (FHA|USDA|VA) 1 $225,000 $225,000 $4,826 4.99%
Waycross, GA (FHA|USDA|VA) 1 $225,000 $225,000 $8,260 4.25%
Morgan City, LA (FHA|USDA|VA) 1 $215,000 $215,000 $3,903 2.50%
Dublin, GA (FHA|USDA|VA) 1 $215,000 $215,000 $3,435 3.00%
Alexander City, AL (FHA|USDA|VA) 1 $215,000 $215,000 $3,128 2.88%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $215,000 $215,000 $2,961 3.75%
MADISON, WI (FHA|USDA|VA) 1 $205,000 $205,000 $2,229 2.88%
Bogalusa, LA (FHA|USDA|VA) 1 $205,000 $205,000 $6,868 2.50%
LANCASTER, PA (FHA|USDA|VA) 1 $205,000 $205,000 $6,060 6.38%
Brevard, NC (FHA|USDA|VA) 1 $205,000 $205,000 $3,967 3.00%
Durant, OK (FHA|USDA|VA) 1 $205,000 $205,000 $5,854 2.88%
WACO, TX (FHA|USDA|VA) 1 $205,000 $205,000 $2,597 3.00%
Huntsville, TX (FHA|USDA|VA) 1 $195,000 $195,000 $7,410 2.75%
Opelousas, LA (FHA|USDA|VA) 1 $195,000 $195,000 $3,810 3.25%
KNOXVILLE, TN (FHA|USDA|VA) 1 $195,000 $195,000 $2,398 3.38%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $195,000 $195,000 $3,905 3.88%
PANAMA CITY, FL (FHA|USDA|VA) 1 $185,000 $185,000 $4,904 4.88%
Fort Polk South, LA (FHA|USDA|VA) 1 $185,000 $185,000 $4,020 3.13%
MERCED, CA (FHA|USDA|VA) 1 $175,000 $175,000 $3,084 4.12%
LUBBOCK, TX (FHA|USDA|VA) 1 $175,000 $175,000 $5,268 5.24%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $175,000 $175,000 $4,362 7.00%
DOTHAN, AL (FHA|USDA|VA) 1 $165,000 $165,000 $1,349 2.38%
BLOOMINGTON, IL (FHA|USDA|VA) 1 $165,000 $165,000 $2,223 2.63%
Roanoke Rapids, NC (FHA|USDA|VA) 1 $165,000 $165,000 $3,404 3.25%
St. Marys, GA (FHA|USDA|VA) 1 $165,000 $165,000 $2,117 2.38%
STOCKTON, CA (FHA|USDA|VA) 1 $155,000 $155,000 $3,474 3.63%
Marion, NC (FHA|USDA|VA) 1 $155,000 $155,000 $2,852 2.38%
Sevierville, TN (FHA|USDA|VA) 1 $155,000 $155,000 $5,648 5.53%
ALEXANDRIA, LA (FHA|USDA|VA) 1 $155,000 $155,000 $2,419 3.38%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $145,000 $145,000 $3,144 3.00%
Crossville, TN (FHA|USDA|VA) 1 $135,000 $135,000 $3,262 4.63%
Clarksdale, MS (FHA|USDA|VA) 1 $135,000 $135,000 $4,789 3.25%
HATTIESBURG, MS (FHA|USDA|VA) 1 $135,000 $135,000 $4,124 2.75%
SPARTANBURG, SC (FHA|USDA|VA) 1 $135,000 $135,000 $3,288 2.75%
SALEM, OR (FHA|USDA|VA) 1 $135,000 $135,000 $3,242 3.25%
Arcadia, FL (FHA|USDA|VA) 1 $125,000 $125,000 $6,397 2.75%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $125,000 $125,000 $4,216 6.50%
Paris, TX (FHA|USDA|VA) 1 $125,000 $125,000 $3,660 2.75%
Greeneville, TN (FHA|USDA|VA) 1 $125,000 $125,000 $2,934 3.38%
Cornelia, GA (FHA|USDA|VA) 1 $115,000 $115,000 $9,320 3.75%
Columbus, MS (FHA|USDA|VA) 1 $115,000 $115,000 $5,372 2.38%
Tupelo, MS (FHA|USDA|VA) 1 $115,000 $115,000 $3,446 2.63%
Elizabeth City, NC (FHA|USDA|VA) 1 $105,000 $105,000 $1,860 2.63%
MORRISTOWN, TN (FHA|USDA|VA) 1 $105,000 $105,000 $2,422 3.63%
Oxford, MS (FHA|USDA|VA) 1 $95,000 $95,000 $2,440 3.37%
SAN ANGELO, TX (FHA|USDA|VA) 1 $75,000 $75,000 $3,211 4.25%
Angel Oak Home Loans's top markets include Atlanta, Wilmington, Austin, New Orleans, and Raleigh among others.

Their top states include:
  • Georgia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Louisiana (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against ANGEL OAK HOME LOANS based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SOUTHEASTERN Credit Union
    Similarity Rank: 196
    ROBINS FINANCIAL
    Similarity Rank: 225
    METROPLEX MORTGAGE SERVICES, INC.
    Similarity Rank: 372
    AAXY L.L.C.
    Similarity Rank: 387
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 856
    First State Bank
    Similarity Rank: 952
    FC LENDING, LTD.
    Similarity Rank: 1092
    Poli Mortgage Group, Inc.
    Similarity Rank: 1100
    SAN ANTONIO CITIZENS
    Similarity Rank: 1170

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 5,685 $1,725,955,000 $303,598 $4,268 3.28%
    FHA 914 $200,320,000 $219,168 $7,885 3.18%
    VA 725 $200,185,000 $276,117 $4,657 2.91%
    USDA 231 $39,965,000 $173,009 $5,358 3.01%

    For 2020, Angel Oak Home Loans's most frequently originated type of loan was Conventional, with 5,685 originations. Their 2nd most popular type was FHA, with 914 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 4,153 $1,166,165,000 $280,801 $5,470 3.29%
    Refi 3,402 $1,000,260,000 $294,021 $3,930 3.15%

    For 2020, Angel Oak Home Loans's most frequently cited loan purpose was Home Purchase, with 4,153 originations. The 2nd most popular reason was Refi, with 3,402 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 6,735 $1,978,935,000 $293,829 $4,947 3.29%
    15 Year 525 $124,805,000 $237,724 $3,583 2.81%
    20 Year 181 $42,055,000 $232,348 $3,376 3.08%
    10 Year 66 $4,710,000 $71,364 $1,293 1.17%
    Other 46 $13,420,000 $291,739 $3,299 3.03%
    30+ year 2 $2,500,000 $1,250,000 $22,760 4.88%

    For 2020, Angel Oak Home Loans's most frequently cited loan duration was 30 Year, with 6,735 originations. The 2nd most popular length was 15 Year, with 525 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 5,134 $1,391,280,000 $270,993
    $<1k 945 $260,355,000 $275,508
    $2k-3k 647 $165,745,000 $256,175
    $3k-4k 346 $95,880,000 $277,110
    $5k+ 301 $185,835,000 $617,392
    $4k-5k 182 $67,330,000 $369,945

    Angel Oak Home Loans's average total fees were $4,947, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 5,134 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 3,220 $922,430,000 $286,469
    3-4% 3,140 $904,250,000 $287,978
    <2.5% 619 $145,145,000 $234,483
    4-5% 271 $79,325,000 $292,712
    5-6% 169 $64,825,000 $383,580
    6-7% 101 $40,275,000 $398,762
    7-8% 21 $6,345,000 $302,143
    Over 8% 14 $3,830,000 $273,571

    During 2020, Angel Oak Home Loans's average interest rate for loans was 3.29%, while their most frequently originated rate bucket for loans was 2.5-3%, with 3,220 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 3,659 $1,034,185,000 $282,641 $4,886 3.18%
    $100k-200k 2,228 $350,130,000 $157,150 $4,064 3.26%
    $400k-600k 1,019 $482,895,000 $473,891 $5,122 3.24%
    $100,000 or less 349 $23,745,000 $68,037 $2,832 2.96%
    $600k-1MM 220 $162,490,000 $738,591 $7,979 3.82%
    $1MM+ 80 $112,980,000 $1,412,250 $14,928 3.95%

    2020 saw Angel Oak Home Loans place emphasis on $200k-400k loans with 3,659 originations, totaling $1,034,185,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,627 $488,005,000 $299,942 $4,649 3.21%
    $50k-75k 1,542 $323,800,000 $209,987 $4,812 3.16%
    $75k-100k 1,227 $308,515,000 $251,438 $4,801 3.19%
    $150k-250k 1,220 $459,280,000 $376,459 $4,817 3.32%
    $50k or less 1,204 $206,930,000 $171,869 $4,034 3.11%
    $250k+ 639 $348,185,000 $544,890 $6,434 3.58%

    Angel Oak Home Loans lent most frequently to those with incomes in the $100k-150k range, with 1,627 originations. The second most popular income band? $50k-75k, with 1,542 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,586 $462,210,000 $291,431 $4,338 3.16%
    30-36% 1,263 $374,655,000 $296,639 $4,760 3.23%
    <20% 709 $213,165,000 $300,656 $4,045 3.14%
    50-60% 348 $87,990,000 $252,845 $7,348 3.11%
    44% 324 $86,610,000 $267,315 $5,012 3.28%
    40% 299 $82,115,000 $274,632 $4,705 3.24%
    42% 286 $87,360,000 $305,455 $5,240 3.26%
    41% 265 $80,415,000 $303,453 $4,993 3.30%
    43% 263 $68,855,000 $261,806 $4,717 3.30%
    38% 254 $71,180,000 $280,236 $4,679 3.24%
    37% 242 $70,150,000 $289,876 $4,747 3.28%
    36% 237 $66,805,000 $281,878 $4,719 3.21%
    39% 229 $69,105,000 $301,769 $4,891 3.30%
    45% 213 $58,865,000 $276,362 $5,063 3.18%
    49% 184 $54,250,000 $294,837 $5,710 3.48%
    46% 167 $47,355,000 $283,563 $5,392 3.50%
    48% 166 $47,890,000 $288,494 $5,203 3.32%
    47% 152 $39,460,000 $259,605 $5,467 3.34%
    >60% 5 $1,605,000 $321,000 $7,809 2.93%

    Angel Oak Home Loans lent most frequently to those with DTI ratios of 20-30%, with 1,586 originations. The next most common DTI ratio? 30-36%, with 1,263 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 5,591 $1,596,775,000 $285,597 $4,660 3.21%
    Not provided 1,115 $356,785,000 $319,987 $4,957 3.30%
    Black 644 $149,080,000 $231,491 $5,317 3.26%
    Asian 172 $52,090,000 $302,849 $5,168 3.30%
    American Indian 16 $5,760,000 $360,000 $6,438 3.35%
    Other Asian 7 $3,335,000 $476,429 $7,896 3.52%
    Native Hawaiian or Islander 6 $1,410,000 $235,000 $3,075 2.71%
    Asian Indian 4 $1,190,000 $297,500 $4,702 3.50%

    Approval Rates

    Total approvals of all applications
    92.27%

    Angel Oak Home Loans has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.07%

    Angel Oak Home Loans has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 7,555 $2,166,425,000 $286,754

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 21 $2,365,000 $112,619
    Single Family (1-4 Units):Site-Built 7,534 $2,164,060,000 $287,239

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 217 $46,695,000 $215,184 $3,490 3.05%
    40-60% 812 $225,300,000 $277,463 $3,665 3.08%
    60-80% 2,605 $826,795,000 $317,388 $4,314 3.33%
    80-100% 3,680 $1,014,970,000 $275,807 $5,314 3.25%
    Over 100% 169 $48,865,000 $289,142 $8,967 2.98%
    Under 20% 71 $3,485,000 $49,085 $644 1.04%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Angel Oak Home Loans LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 60.0%
    Angel Oak Home Loans LLC Conventional home mortgage Trouble during payment process 1 20.0%
    Angel Oak Home Loans LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%