Many Realtors we work with are thrilled with the referrals they are receiving – and just because they helped one self-employed homebuyer get to the closing table who wouldn’t have otherwise without our Bank Statement mortgage product. These Realtors now focus on prospecting for other non-QM self-employed clients who want to purchase a home but can’t qualify using their tax returns. They successfully market their knowledge of alternative loan solutions for those who take allowed tax deductions on their tax returns. How? I help them! And I can help you, too. Call me today and find out why you need Angel Oak...

Angel Oak Home Loans is known for offering a wide range of mortgage products because we know each homebuyer is unique. Our loan product line-up includes government loans that are available for purchase or refinance. Government loans are specifically for homebuyers who need flexible down payment and / or credit requirements. Call me today to find out more about these loan options as well as WHY Angel Oak Home Loans should be your preferred lender.   FHA ​​​​​Insured by the United States Federal Housing Administration to help those who need flexible down payment and credit requirements.  USDA / Rural Development A government loan for homebuyers in...

Sales of investment properties and second homes are through the roof right now! According to Redfin, real estate investors purchased $49 billion in homes during the first half of 2021. Investor purchases increased 15% over first quarter 2020 and 107% over second quarter 2020. These are non-owner occupied homes for rent. Second homes and vacation homes are also in demand with volume setting records. According to the National Association of Realtors’ 2021 Vacation Home Counties Report, this year is the year of the vacation home! Sales increased by 16% in 2020 over 2019. The trend continues to soar with sales up 57% from...

We are proud to announce our latest milestone funding over $10 billion in non-QM lending since our founding. Angel Oak has over 26,000 loans funded which is testament to our commitment in the  non-QM space. We are not slowing down already working on our next volume milestone. Mike Fierman, managing partner and co-CEO of Angel Oak Companies says it best, “The mortgage industry, at its core, is a business about people — providing homeowners with the right solutions, connecting originators with new opportunities and ensuring that the Angel Oak mission is present in all of our team’s practices.” Read the details of...

Higher priced luxury homes are in demand! According to the National Association of Realtors, record-setting transactions are occurring across the country that includes the priciest homes for sale. They report that home sales priced over $1 million increased 244% year over year in May. Lawrence Yun, chief economist at the National Association of Realtors stated that this is because “Wealthier Americans have benefited greatly during the pandemic thanks to the rising stock market, which typically helps grow net wealth. So there is greater demand for luxury housing now….” This is most likely due to low mortgage rates and gains in...

Already thinking about football, planting fall flowers, and holiday gatherings….but in a new home? Great! Call us. There is plenty of time to listen to your circumstances, determine eligibility and walk you through the steps to your new front door. We are experienced in various loan scenarios from self-employed homebuyers who can’t qualify using tax returns to people just one to two years out of foreclosure, bankruptcy or other credit events. Everyone has a story about their circumstances and we would love to hear yours! It starts with a conversation! One brief phone call could result in a pre-approval letter and one...

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...