Please do not automatically turn homebuyers away because they have a complicated financial situation. We are experienced in loan challenges – we close them easily and quickly every day! What should you do when you aren’t sure your client will qualify? Call us first! Realtors have lost deals turning away these homebuyers: Advising a self-employed buyer to not claim tax deductions for two years so they can qualify for a conventional loan. A Bank Statement loan could be the solution for a quick close right now. They would miss out on two years of appreciation and tax benefits! Close them now. People who have taken out a PPP loan,...

We like to share frequently asked questions and our answers knowing that many others might want the same information. Our volume of mortgage applications, especially those for non-traditional loans, are increasing for those wanting pre-approval. Plenty of homebuyers are closing quickly despite the challenges in the market and you can too! Reach out for more details about these questions Your path to a new home starts with a conversation!   I am self-employed and take allowed tax deductions. How do I qualify for a home loan?  We get this one a lot! We have many options for self-employed homebuyers and when a traditional loan won’t...

Due to today’s market challenges non-QM is more important than ever. In fact, our volume of non-QM loans has increased this year. We are closing more Bank Statement loans for self-employed homebuyers, non-QM Jumbo, and Portfolio Select loans for those just a few years out of credit events. Do not turn away a homebuyer because you think they might not qualify. Chances are we have a loan product that can close easily and quickly! Here are common scenarios we find solutions for every day   Less than seven years out of foreclosure, short sale, deed-in-lieu, or bankruptcy. Bank Statement for self-employed only requires four years out of...

The market has changed and many homebuyers can’t qualify for an Agency loan. Why? Fannie Mae and Freddie Mac have imposed stricter guidelines. More homes now fall outside the conforming limits and there is an increase in Prime Jumbo fall-out. Many self-employed people take allowed tax deductions and can’t qualify using their tax returns. Let other Realtors decide they aren’t up for the challenge. And don’t tell them this…..most of these homebuyers aren’t a challenge to close at all. They need non-QM and Angel Oak Home Loans. Differentiate yourself Become the stand-out resource for self-employed homebuyers, real estate investors and Jumbo borrowers who...

Angel Oak Home Loans (“Angel Oak”), a leading full-service retail mortgage lender, announces the opening of two new branches located in Centennial, Colorado, and Natchez, Mississippi. Michael Chabot, VP, licensed area manager at Angel Oak Home Loans, will lead the lender’s Colorado branch and Britni Gwin will manage the Mississippi office. These two branches mark the firm's 6th branch opening in the span of 30 days. Learn more about our newest branches and how we are better servicing homebuyers across the U.S. in our press release. Full Press Release ...

Today's market challenges are exactly WHY you need to work with Angel Oak Home Loans! -We have Jumbo options such as non-QM Platinum Jumbo that other lenders do not have. -If you don't qualify for Prime, we simply move eligible homebuyers into Platinum Jumbo without delays. Another lender may simply turn you down. -Our non-QM Platinum Jumbo allows only four years out of foreclosure, short sale, bankruptcy, or deed-in-lieu. Prime requires seven years out of these credit event. -Options! Gold Prime Jumbo, Prime Jumbo, and non-QM Platinum Jumbo offers more opportunity for more homebuyers to qualify for a higher priced home. -Loan limits up to $3.5 million depending on loan type...

Senior Vice President, Divisional Manager Mac Cregger was featured in an article published in Bankrate:  Pros and cons of mortgage prequalification. The article takes a look at why homebuyers may consider going through the prequalification process. Mac offers valuable insight into how this process can help homebuyers get a better understanding of their budget and the options available to them. Read More    ...

Do you know the value of prospecting to self-employed people? We know Realtors work hard to make sure plenty of opportunities come their way.  Stand out from the competition by carving a niche that includes a large population of people – self-employed! There are around 18 million self-employed people according to the U.S Bureau of Labor Statistics – that’s a lot of potential homebuyers. Our specialty is helping self-employed homebuyers close quickly. When they can’t qualify for a traditional loan, we quickly move eligible borrowers into a Bank Statement loan. It is our most utilized Non-QM loan product that we close every...

Housing inventory is definitely tight across the country. At this point, no one is worried about selling – the worry is about finding another home to purchase. So what does the housing shortage mean to those wanting to move? Potentially nothing if you have the right lender and Realtor. Realtors are out there selling homes right now – the purchase market is on fire! They know exactly what to do to find homes for their clients. If you are ready for a new home call a Realtor AND us from the start. Don’t wait until you have a home in...

Our Bank Statement loan has helped many self-employed homebuyers qualify for a loan without using tax returns. Any Realtor who has worked with us knows how quickly this loan closes for their self-employed clients. We simply calculate income from their bank statement deposits when tax returns can’t be used. Self-employed people who take the allotted tax deductions on their returns may have a problem qualifying for a traditional loan. Tell them to call us first! If a traditional loan won’t work, we will quickly move them to a Bank Statement loan if they are eligible without any delays. Other lenders...