Angel Oak Home Loans, which specializes in non-QM loans but also offers broad suite of other mortgage products, recently opened new branches in Waynesboro, Ga.; Annapolis, Md.; Durham, N.C.; and Houston, Texas.
These branch launches come on the heels of several other new Angel Oak office openings, bringing the firm’s total number of offices to 40 across 35 states.
Angel Oak’s expansion will continue in the near future with a new branch coming to Las Vegas.
The firm’s physical growth is keeping pace with new technological capabilities, as it continues to innovate services to meet clients’ evolving needs.
“We’re pleased to deepen our roots across the country with this series of branch openings,” says Mac Cregger, senior vice president and divisional manager for Angel Oak, in a release. “We’ve seen an uptick in demand and the pace at which homes are being sold. There has also been a strong appetite for ways to streamline the home buying process, including options that could enable the entire process to be conducted remotely.”
All four of the states boasting new Angel Oak branches have shown significant growth over the past year. The Houston and Annapolis housing markets, in particular, have seen increases of 69% and 44%, respectively, in homes sold year over year, according to Redfin.
Additionally, the overall U.S. housing market has been characterized by steady demand and resiliency during the same time period, despite some volatile economic conditions.
“Our rapidly expanding national presence has been fueled by the momentous growth of the housing market this year,” adds Trent Reed, senior vice president and divisional manager for Angel Oak. “We see tremendous potential to continue our growth within new markets across the U.S. and meet homebuyers’ demand for flexible, personalized home loan products.”
Photo: Callum Wale