Review and Comparison of Angel Oak Mortgage Solutions: Pros, Cons, and Rates
Are you in the market for a mortgage and looking for a lender that offers unique solutions for non-traditional borrowers? Angel Oak Mortgage Solutions might be the right fit for you. In this blog post, we’ll take a deep dive into what Angel Oak has to offer, how it compares to other lenders, and what you need to know before applying.
Angel Oak Mortgage Solutions is a wholesale lender that specializes in non-QM loans, making it a great option for self-employed individuals, real estate investors, and those with unique financial situations. While Angel Oak doesn’t offer mortgages directly to consumers, you can work with a mortgage broker who partners with them to secure a loan.
One of the standout features of Angel Oak is the wide variety of non-QM loans they offer, including bank statement mortgages, 1099 income loans, DSCR loans, Platinum Jumbo mortgages, ITIN loans, and more. These loans cater to borrowers who may not qualify for traditional mortgages due to their financial circumstances.
When it comes to rates and fees, it’s important to note that non-QM loans typically come with higher interest rates compared to traditional mortgages. Angel Oak’s origination fees are also on the higher end, reflecting the cost of these specialized loan products.
In terms of customer satisfaction and trustworthiness, Angel Oak has received an A+ rating from the Better Business Bureau, indicating a high level of integrity and transparency in their business practices.
If you’re considering Angel Oak Mortgage Solutions, it’s essential to work with a reputable mortgage broker who can guide you through the application process and help you compare offers from multiple lenders. Additionally, be sure to research and compare Angel Oak to other lenders like United Wholesale Mortgage and Newrez to find the best fit for your needs.
Overall, Angel Oak Mortgage Solutions is a solid choice for borrowers looking for non-QM loan options and flexibility in their mortgage terms. While it may not be the most affordable option, it can provide a pathway to homeownership for those who don’t fit the mold of traditional borrowers. Trust us, we’ve done the research to help you make an informed decision when choosing a mortgage lender.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The content is based on general research and may not be accurate, reliable, or up-to-date. Before making any financial decisions, it is recommended to consult with a professional financial advisor or conduct thorough research to verify the accuracy of the information presented. The author and publisher disclaim any liability for any financial losses or damages incurred as a result of relying on the information provided in this article. Readers are encouraged to independently verify the facts and information before making any financial decisions.