Angel Oak Mortgage Solutions Review
Founded 2013 · Atlanta, GA · Nationwide
4.1
Editor Rating
Angel Oak Mortgage Solutions is a leading non-QM lender offering DSCR, bank statement, and investor cash flow loans. One of the largest non-QM originators in the country with a wide broker network.
Editor's Take
Angel Oak is the top choice for self-employed investors who need bank statement loans. As one of the largest non-QM lenders in the country, they have deep expertise in alternative documentation. If your tax returns don't reflect your real income and you need a bank statement product for an investment property, Angel Oak should be at the top of your list. Work with a mortgage broker who specializes in non-QM to access their products.
— Bill Rice, 30+ year mortgage lending veteran
Angel Oak Mortgage Solutions Review: The Full Breakdown
Angel Oak Mortgage Solutions is the wholesale and correspondent lending arm of Angel Oak Companies, the Atlanta-based non-QM specialist co-founded in 2008 by Mike Fierman and Sreeni Prabhu. The founders came out of the structured-credit and mortgage world — Prabhu was previously chief investment officer over a $25 billion portfolio at Washington Mutual — and they built Angel Oak into one of the defining names in non-QM lending after the financial crisis.
It operates at real scale. The Angel Oak group reports having originated more than $32 billion in residential loans and issued 65-plus securitizations, and in October 2025 Brookfield Asset Management acquired a majority stake in the company, with Fierman and Prabhu staying on as co-CEOs. That capital-markets depth is the whole point: Angel Oak doesn't just originate loans, it securitizes them, which is what lets it keep non-QM programs open through changing markets.
For investors, the relevant products are bank statement loans for self-employed borrowers and DSCR loans for rentals. A quirk worth knowing: "Angel Oak" spans several affiliated entities — the wholesale lender, an asset-management arm, and a publicly traded mortgage REIT — so make sure you're dealing with the lending operation. Confirm current terms, and note that as a wholesale-leaning lender you may reach Angel Oak through a broker.
Pros & Cons
Pros
- Strong bank statement loan programs
- DSCR and investor cash flow products
- Large, established non-QM lender
- Foreign national programs
- Wide broker network — available through many mortgage brokers
Cons
- Works through brokers (not direct-to-consumer for many products)
- Slower closings than fintech lenders
- Higher minimum credit score than some DSCR competitors
Loan Products Offered
Eligible Property Types
Best For
Compare Angel Oak Mortgage Solutions
Angel Oak Mortgage Solutions Review: Frequently Asked Questions
Is Angel Oak Mortgage Solutions a legitimate lender?
Angel Oak Mortgage Solutions is an established lender founded in 2013 and headquartered in Atlanta, GA. It lends nationwide and specializes in DSCR loans and bank statement loans. To verify it for yourself, confirm Angel Oak Mortgage Solutions's current NMLS registration and state licensing, check its Better Business Bureau (BBB) profile and reviews, and compare written quotes before you apply.
What are the pros and cons of Angel Oak Mortgage Solutions?
Pros: Strong bank statement loan programs; DSCR and investor cash flow products; Large, established non-QM lender. Cons: Works through brokers (not direct-to-consumer for many products); Slower closings than fintech lenders; Higher minimum credit score than some DSCR competitors.
Does Angel Oak Mortgage Solutions offer bank statement loans?
Yes. Angel Oak Mortgage Solutions offers bank statement loan programs that qualify self-employed borrowers using 12–24 months of bank deposits instead of tax returns or W-2s — useful for investors with non-traditional income.
What credit score do you need for Angel Oak Mortgage Solutions?
Angel Oak Mortgage Solutions's published minimum credit score is 660. A higher score generally unlocks better rates and higher leverage. Requirements vary by loan program and are subject to change.
What rates and fees does Angel Oak Mortgage Solutions charge?
Angel Oak Mortgage Solutions's rates run approximately 6.5%–9% with origination fees of 0–2 points, on loans from $100K to $3M (up to 80% LTV). All figures are approximate and subject to change — request a written quote for your scenario.
Can you close with Angel Oak Mortgage Solutions in an LLC?
Yes. Angel Oak Mortgage Solutions allows investors to take title in an LLC, which many use for liability protection and cleaner portfolio organization.
How fast can Angel Oak Mortgage Solutions close a loan?
Angel Oak Mortgage Solutions typically closes in 21–30 days, depending on the loan program, the property, and how quickly you provide documentation.
Disclaimer: Rates, terms, and requirements shown are approximate and based on publicly available information as of March 2026. Actual terms may vary based on your credit profile, property details, and market conditions. Always verify current terms directly with the lender before making financing decisions. ProInvestorHub provides editorial reviews for educational purposes and does not guarantee loan approval or specific terms.