Ready to move again? Have you made a list of exactly what you need and want in a new home but aren’t sure if now is a good time? The only way to know is to find out. Part of your research should be to consult a lender and share your story. Give us a call and share your goals along with your concerns. We can help you understand your options so that you feel confident in your decision and know exactly how to approach this competitive market.   How Can We Help? Foreclosure, bankruptcy, deed-in-lieu events We can help you understand what this means in...

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 Statement loan product and that is why they turn them away. We are known for our non-QM loan solutions that includes a Bank Statement mortgage.   Recent Scenarios Self-employed homebuyers wanting to buy larger,...

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 equity for home improvements, education or to fund a business. It starts with a conversation! Call us today with your circumstances and loan needs – we will work through it together....

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 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...

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 approach. By offering non-QM products, we believe that even more borrowers will be able to participate in what could be a record homebuying season,” expressed Senior Vice President and Divisional...

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 more about a 1031 Exchange and how it can tax defer the sale amount.  We can help with our Investor Cash Flow product to get the deal closed as quickly...

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 two options for Jumbo – Prime Jumbo and a non-QM option called Platinum Jumbo. As well, we can help self-employed homebuyers needing a Jumbo loan by allowing them to use...

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 easier. The benefits of owning a home can help at tax time so be sure to understand the documents that you need. A CPA or tax preparer can help with this. Use...

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 jumbo products will have to compete against conforming lenders whose loan limit is now $544,250. The new high-cost area limit of $822,375 for both conforming and the Federal Housing Administration loans,...

  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 returns. People with 1099s can use their 1099 earning statements to qualify. Bank Statement loans are one of our most highly utilized loan products. We have helped many self-employed people with their...