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New 50% Standard Expense Factor For Bank Statement Loans

Utilizing Bank Statement loans with Angel Oak is even easier now that we have updated our new standard expense factor to 50%. Most loans will be qualified off this ratio and if the business has a lower expense factor, a statement from a third party CPA or tax preparer will be allowed.

This is great news especially since rates were recently reduced across the board for our Bank Statement product in case you missed that announcement. Our Bank Statement product is now more competitive  for our clients and their borrowers.

Our goal is to get loans closed easily and quickly for your borrowers in this fast-paced market. Consistently improving our guidelines will get it done!

  • 12 or 24 months personal or business statements accepted
  • 1099 earning statements allowed
  • Up to 90% LTV, no MI
  • Loans up to $3 million
  • 40 year fixed interest only available
  • Four years seasoning for foreclosure, bankruptcy or deed-in-lieu

Bank Statement