Angel Oak Simplifies Non-QM

We are making our customers very happy with our new bank statement review team. Target self-employed borrowers because you’ll want to close these types of loans all day long with the new efficiencies. 

“It saves a lot of time and it creates a lot of clarity early on,” says our executive vice president, Tom Hutchens.  Read the full article here. 

Bank Statement Highlights:

  • 12 month business or personal bank statements
  • Up to 90% LTV – no MI
  • 2 years seasoning FC, SS, BK, or DIL
  • No tax returns required
  • DTI 40/45 (Up to 50% considered)
  • Loans up to $3 million (minimum loan $150,000)
  • Credit scores starting at 600
  • First-time homebuyers OK
  • Interest-only available

Need advice for a loan scenario? Find your account executive in your respective state. 

 

 

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