Bank Statement Loans Are Easy To Close With Angel Oak
Our Bank Statement product fills the gap for self-employed borrowers to qualify for a mortgage based on their deposits. They are also easy and quick to close working with us as our team reviews the statements for you.
Did you know that it’s one of our most highly utilized loan products? One reason is because self-employed borrowers represent a large population of people who are underserved in the mortgage industry. They account for 18 million people which is 30% of all employees in the U.S. according to the Bureau of Labor Statistics. That represents a lot of potential borrowers. These numbers will surely increase in the coming years as more people become self-employed or 1099 earners.
Become a go-to resource now for self-employed borrowers. It’s a great way to keep the pipeline full when refinance volume slows and Agency alone isn’t enough.
Bank Statement Highlights:
- Loans up to $3 million
- LTV 90% with no MI
- 12 or 24 months business or personal bank statements
- Purchase and cash-out or rate-term refinance
- 40 year fixed interest only available
- 1099 option available