Bring your deals, scenarios and questions as National Mortgage Professional Magazine presents a DealDesk featuring Angel Oak’s Bank Statement Product. Come join this interactive forum where mortgage brokers and loan officers share real deals and scenarios. These DealDesk webinars are both informative and deal-making.
Self-employed borrowers, including 1099 earners, can get a mortgage loan easily and quickly using our Bank Statement mortgage product that does not require tax returns. The loan process is as easy as an Agency loan working with us and submitting 12 or 24 months of personal or business bank statements.
The population of self-employed and gig workers continues to increase. There are 59 million self-employed people in the U.S according to Upwork. This represents 36% of all employed people in the workforce including gig workers. The population of self-employed continues to increase each year!
Borrowers will tell their network of self-employed friends/clients and Realtors will seek you out when working with a self-employed borrower.
Present your deals to Angel Oak Mortgage Solutions, and let us help you close more loans and ensure you have additional tools to compete and separate yourself from the pack.
Join Eric Olson, Account Executive at Angel Oak Mortgage Solutions, as he helps you understand the process for bank statement loans, touching on:
- Credit scores starting at 600
- Up to 90% LTV, No MI
- Two years seasoning for foreclosure, short sale, bankruptcy, deed-in-lieu
- Two years self-employed required
- Borrowers do not have own 100% of the business
- Owner-occupied, second homes, and non-owner occupied
- Non-warrantable condos allowed