09/28/2021
Angel Oak Home Loans is closing more portfolio loans than we ever have! 🏡 All because many homebuyers or those refinancing have changed circumstances and the lending requirements have become stricter. We can provide the help, support, advise, and guidance you need! 🤝
Here are two examples of loan scenarios where we can help!
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Challenge 1: A self-employed homebuyer came to us with an income challenge. In 2019 they had a very nice income. In 2020, they had a decrease of $400,000 due to the pandemic. Agency was not an option!
Solution 1: Our Bank Statement mortgage product worked for them and closed quickly. Without this solution, they would not have closed on their home.
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Challenge 2: A Jumbo borrower was ready to purchase a home only five years out of a foreclosure. They could not get a Prime Jumbo loan because the requirement is seven years seasoning for foreclosure, bankruptcy, short sale or deed-in-lieu. Their Realtor called to see if we could help.
Solution 2: Platinum Jumbo! They qualified for our non-QM Jumbo product that allows just four years out of foreclosure, bankruptcy, short sale or deed-in-lieu. This Realtor now sends her clients to Angel Oak FIRST to determine the right Jumbo option from the start to avoid being turned away.
