As we all know, the price of homes increased all across the country over the past year. Many borrowers who never thought they were Jumbo borrowers, all of a sudden, became a Jumbo borrower! The challenge….not all Jumbo borrowers fall neatly into Prime qualifications. They need a non-QM Jumbo option to purchase a home. This is not trend, but a scenario that will become more and more common. The answer…..a lender who has multiple Jumbo options including a non-QM product.
Angel Oak Home Loans offers more than just Jumbo Prime and our team includes experts on understanding “A” paper, Prime and non-QM borrowers. In this episode, guests Donnie Walton and Wellborn Price talk about their specific regions and what it means to be a Jumbo borrower.