Do you have a self-employed client who has had difficulty obtaining a mortgage?

Angel Oak’s Bank Statement loan allows self-employed borrowers the ability to qualify based on a 12 month average of deposits using their personal or business bank account.

  • No Tax Returns Required
  • Personal Bank Statement qualified based on 12 month average monthly deposits**
  • Business Bank Statement qualified based on 12 month average monthly deposits**
  • 600 Minimum Credit Score
  • Up to 90% LTV (No MI) allowed on Personal and Business
  • Loans to $3 Million (Minimum $150,000)
  • Interest Only Available*
  • 5/1 ARM or 30-year fixed
  • 2 Years Seasoning for foreclosure, short sale, bankruptcy, deed In lieu
  • Owner-Occcupied, 2nd homes, investment properties allowed
  • Non-warrantable condos considered
  • Gift funds allowed
  • No pre-pay penalty for owner-occupied and/or 2nd homes
  • SFRs,town homes, condos, 2-4 units
  • DTI above 40/45% with no additional reserve requirement

You can also Submit Your Loan Inquiry OR Contact Us.