Angel Oak Mortgage Solutions Review

Angel Oak Mortgage Solutions Ratings at a Glance

Angel Oak’s lineup of product offerings is exceptional. In addition to the standard FHA, VA and USDA mortgage loans you’re likely to find with other online loan providers, Angel Oak Home Loans LLC offers a number of unconventional products with varying qualification requirements. These loans can be helpful for a first-time home buyer or someone with less-than-perfect credit.

One of Angel Oak’s most popular products is the Bank Statement Home Loan. If you’re self-employed or have irregular income, the amount of income reflected on your tax return might not match up with your total holdings and the value of your assets. As the name suggests, the Bank Statement Home Loan allows you to qualify for a mortgage loan using bank statements instead of your tax return.

This unique loan offering is not the only thing that makes Angel Oak Mortgage Solutions stand out when compared to other providers. It’s also one of the few lenders that offer loans for investment properties, and it also has offerings for home buyers living as foreign nationals. Take a look at each of the products Angel Oak offers in a little more detail so that you can determine the best fit for your needs.

Bank Statement Home Loan

This is a type of home loan that allows you to use your bank statements to verify income instead of tax returns. This can be a great option for the self-employed or for those who have irregular income. The main benefit of this type of loan is that it makes it easier to qualify for a mortgage if you’re self-employed or have income that isn’t reported as a W-2.

Investor Cash Flow Loan

Do you have investments tied up in real estate? An Investor Cash Flow Loan from Angel Oak Mortgage Solutions can help you access the equity in your investment property without having to sell it. This type of loan is ideal for investors who are looking to refinance their existing investment property or take out a new loan to purchase an investment property. You don’t need to provide any income documentation to qualify for this loan, and you can borrow up to $1.5 million.

Jumbo Home Loans

If you’re looking for a mortgage that doesn’t fit the traditional mold, Angel Oak Mortgage Solutions is definitely worth considering. This lender specializes in jumbo home loans, which are loans that exceed the maximum amount allowed by the Federal Housing Finance Agency. For borrowers in high-cost areas, a jumbo loan can be a great way to finance a luxury home or a home that doesn’t fit into the standard conforming loan limits. Angel Oak Mortgage Solutions offers a variety of jumbo loan products, including fixed-rate and adjustable-rate loans.

Portfolio Select Home Loan

The Portfolio Select Home Loan Program is designed for borrowers who may not qualify for a traditional mortgage. For example, if you’re recovering from foreclosure but you’ve taken major recent steps to repair your credit, the Portfolio Select Home Loan Program can help you qualify for a new loan faster.

This program offers competitive rates and terms, and there is no prepayment penalty. This means that the Portfolio Select program might be useful for homeowners who know that they will want to pay ahead on their loans.

Asset Qualifier Home Loan

Angel Oak Mortgage Solutions’ Asset Qualifier Home Loan Program is designed for buyers who may not have the traditional income sources that banks look for when approving a home loan. If you have a steady job but also receive income from investments or other sources, this could be the perfect program for you. The Asset Qualifier Home Loan can also help you find a more affordable mortgage loan if you’re a business owner who has little liquid cash but proof of considerable held assets.

Foreign National Home Loan

If you are not a United States citizen but wish to purchase or refinance property in the U.S., Angel Oak Mortgage Solutions has several loan programs designed for your unique financial situation. Loans are available for foreign nationals and those who spend more than half of their time outside of the United States. Qualification for the Foreign National Home Loan program is based on cash flow of the property instead of income, which can make qualifying easier for investment property owners.

ITIN Home Loan

Angel Oaks’ unique ITIN Home Loan allows you to access up to $2.5 million in mortgage financing without a Social Security number. The requirements for this loan are a bit stricter than for a traditional mortgage — you’ll need to have a qualifying credit score, and you must have filed taxes for at least two years in order to submit an application. But if you can meet these requirements, Angel Oak Mortgage Solutions could be a good option for you if you’re a permanent resident of the United States who does not have a Social Security number.

Mortgage Refinancing

If you’re looking to refinance your mortgage, Angel Oak Mortgage Solutions can help you refinance to a lower rate or to a new loan type. The company offers both fixed-rate and adjustable mortgages, so you can choose what’s best for your individual situation. It also has a wide variety of loan terms to choose from, so you can find the perfect fit for your needs.

Angel Oak currently offers conventional mortgage loans as well as government-backed loan options, including VA loans and FHA loans. Individual qualifications for government-backed mortgage loans vary depending on the type of loan you’re applying for.

Getting in touch with Angel Oak Mortgage Solutions is easy, as the company provides a variety of ways to do so. You can reach it by phone, email or through its online contact form.

• Via phone: Angel Oak Mortgage Solutions has several phone numbers listed on its website, and the number you should call depends on the type of inquiry you have. To contact the company directly, call 888-596-3040. If you live in the Atlanta area, you can reach Angel Oak Mortgage Solutions directly at 404-844-5009.

If you’re interested in applying for one of Angel Oaks’ financial products, call 833-471-0594. If you have inquiries about escrow or loan payments, you can reach Angel Oak toll free at 844-209-7423 or locally at 404-991-5105 if you live in the Atlanta area.

• Via email: If you wish to submit a request or inquiry via email, you can contact Angel Oak Home Loans at servicing@angeloakhomeloans.com.
• Via website: Angel Oak Mortgage Solutions makes it easy to get in touch with it through its website’s contact form.

Mortgage interest rates are constantly changing. The specific annual percentage rate (APR) that you’ll pay for your loan will vary depending on:

• Your credit score
• Your debt and income
• The location of your home
• Your down payment
• Your loan’s type and term

Angel Oak Mortgage Solutions offers a variety of loan terms and types, but you’ll need to submit an application to access the most accurate and up-to-date interest information. Click on the link below to begin your application and learn more about rates. 

Angel Oak Mortgage Solutions offers a variety of benefits over competing loan providers, including: 

• Flexible qualifications: If you’re a freelancer or small-business owner, you may not have the W-2 forms that most lenders require to prove your income. Angel Oak offers loan options that accept alternative methods of proving your income — like proof of assets and bank statements.
• Easy online applications: Angel Oak’s online application process is simple and straightforward — most applicants will be able to apply for prequalification in a few minutes. This easy process can be comforting if you’re applying for a mortgage loan for the first time. 
• Straightforward requirements: With Angel Oak, you don’t need to guess whether or not you’ll qualify for any loans you apply for. As you explore loan products, you’ll see loan limitations and the requirements you need to be approved listed upfront. This can be a major benefit if you’re comparing multiple types of loans and need to know the difference between the options. 

The Angel Oak Mortgage Solutions website is user-friendly, and even first-time homebuyers will have no problem getting started with an application. The website is easy to navigate, and finding information on each loan product takes only a bit of reading. Loan qualifications and limitations are clearly listed, which makes comparing options easier. The online application process is also straightforward.

The company also offers an impressive customer service team. You can contact Angel Oak via email or over the phone, and the company supports multiple phone lines to ensure you get connected quickly. In addition, there is a 24-hour loan access option that allows you to check on the status of your loan at any time.

Angel Oak Mortgage Solutions vs. Competitors

While Angel Oak Mortgage Solutions offers competitive interest rates and a variety of loan types as a mortgage broker, the company doesn’t offer mortgage loan financing in every state. Competitors like New American Funding and Rocket Mortage also offer mortgage loan options with variable qualifications to fit your unique financial situation. 

Benzinga offers insights and reviews on the following mortgage loan providers. Consider continuing your search for the right loan with the mortgage broker list below. 

If you’re self-employed, own a small business or have another type of unique financial situation, it can be more difficult to get approved for a mortgage loan — even if your income alone easily qualifies you. Angel Oak Mortgage Solutions can be a lender worth considering if you’re looking for flexibility when it comes to qualifying for your financing. While the company is not able to offer mortgages in every state, its unique set of offerings with variable requirements can provide a solution for buyers feeling overlooked by the traditional mortgage financing process.

Angel Oak Mortgage Solutions Video Tutorial

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