The purchase market is surging, and Angel Oak has helped many homebuyers get the home they wanted after being turned away from other lenders. It may be stressful since inventory is so tight, but we are able to close quickly! A good majority of the people we help are self-employed who can’t qualify using tax returns. They need a Bank Statement mortgage loan. Many lenders simply do not have a Bank...

We hear from many of our customers who want to refinance but aren’t sure how the process works. We are always happy to advise, let you know if you are eligible, and explain how the process works. For those who are eligible, a cash-out refinance allows you to refinance your current mortgage and tap into your home equity. Benefits might include a lower mortgage rate and you can use your home...

Our clients are often surprised by loan options we have that they were not familiar with. That is why we always suggest that clients with unique circumstances talk to us first! We might have an easy solution that could result in another home sold. Here are a few scenarios – if these come up with your clients send them our way! Property investors using a 1031 Exchange – people who are trying...

WASHINGTON--(BUSINESS WIRE)--Angel Oak Home Loans (“Angel Oak”), a leading full-service retail mortgage lender, announces the opening of a new branch in Washington, D.C. Mike Harrison joins the Angel Oak team as branch manager of the D.C. office and is responsible for overseeing the day-to-day operations as well as meeting long-term growth goals. “We hope this D.C. location will expand the offerings for current residents whether they meet traditional lending standards or require a non-traditional...

Here are a few scenarios that might relate to you: Property investors using a 1031 Exchange People who trying to sell an investment property can be hit with a tax bill from the sale of the property. A 1031 exchange can defer those taxes by exchanging one property for another by relinquishing it and exchanging it for an equally or higher valued property. A tax advisor or tax preparer can tell you...

Many homebuyers come to us with changed financial circumstances due to the pandemic asking how we can help. Jumbo homebuyers, in particular, have called us because they were turned down by another lender as they didn’t qualify for Prime Jumbo. They were turned away because that particular lender did not have another loan option for them. We have loan options in addition to traditional loans and Prime Jumbo! We have...

While we can’t offer advice on taxes or filing taxes, we can offer suggestions on what receipts and documents to keep and how to organize it all. The fun part of setting up a home is decorating and organizing the kitchen you are excited about. It is important though to take a few minutes to set up an organized system for receipts and documents that will make tax season much...

In this National Mortgage News story, CEO Steven Schwalb discusses how the pandemic and growth trends have shaped the prime jumbo mortgage market and leveraged nonbanks' position this year. By, Brad Finklestein (Read The Full Article) "The prime jumbo mortgage business is likely to benefit from the Consumer Financial Protection Bureau's recent revisions to the Qualified Mortgage and Ability-to-Repay rules, which loosen certain standards established after the financial crisis. But those offering...

  Do you have clients who are self-employed or a 1099 earner wanting to purchase a home or refinance but not sure how it works based on these circumstances? We understand and that is why we have a loan product created specifically just for them. It’s called a Bank Statement home loan and those who are eligible can qualify using personal or business statements. We do not require income or tax...

  Are you self-employed or a 1099 earner wanting to purchase a home or refinance but not sure how it works based on your circumstances? We understand and that is why we have a loan product created specifically just for you. It’s called a Bank Statement home loan and those who are eligible can qualify using personal or business statements. We do not require income or tax returns. People with 1099s...