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Bank Statement Elite

A solution for self employed borrowers - No tax returns required!

  • Loans up to $3.5 million with a minimum of $150,000
  • 12 or 24 months statements
  • Foreclosure, short sale, deed-in-lieu or bankruptcy allowed if discharged for 48 months with no delinquencies since the discharge
  • Rates are 30-year fixed
  • Two years self-employed required
  • Borrowers can own as little as 50% of the business for business bank statements
  • Purchase and cash-out or rate-term refinance
  • Owner-occupied, second homes, and non-owner occupied
  • 40 year interest only available
  • Most loans will be qualified on an expense factor of 50%. Companies with a lower expense factor will require a statement from a third party CPA or tax preparer. (Some industries with traditionally higher expense factors will be underwritten with a 70% expense factor.)

Min Fico


Up to 75% LTV



720 Min Credit

Angel Oak’s Business Bank Statement Elite mortgage program is the perfect option for self-employed borrowers who need an alternative method to show the true cash flow of their business. Borrowers do not have to own 100% of the business. Our Business Bank Statement Elite program provides a loan solution to help borrowers qualify off their great credit history along with their Business Bank Statements.

Get a Non-QM Quick Quote

What is the benefit to originators who use non-QM loan products?

Originators who utilize non-QM offer a service that their competition may not offer. They become an expert and go-to for the non-QM borrower. The benefit is increased referrals and business growth despite changes in the market. Continue to increase your volume each year regardless of fluctuating interest rates, tighter Agency guidelines, and a slowing refinance market.

Additional Program Options


Bank Statement Questionnaire

Our bank statement questionnaire collects some basic information on your financial history and expenses. This information will be used to help assess financial stability.

Download Questionnaire

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