(Lender rules) Angel Oak Mortgage Solutions · as of Oct 7, 2026
Angel Oak bank
statement income.
How Angel Oak Mortgage Solutions's published bank statement guidelines turn deposits into qualifying income, and how DepositDesk applies them to your file. Every figure links back to the lender's own document.
(01) The rules
What Angel Oak publishes.
| Rule | What the published guidelines say |
|---|---|
| Expense factor | Default 50%. Some industries with traditionally higher expenses are underwritten at 70%. |
| CPA or tax-preparer letter | A lower factor needs a statement from a third-party CPA, tax preparer or bookkeeping company. Minimum 15% (2022 FAQ). |
| Personal statements | Same expense factor as business, unless the borrower provides 2 months of business bank statements; then 100% of deposits (2022 FAQ). |
| Ownership | Borrower can own as little as 25% of the business. |
| Months | 12 or 24 months of business or personal statements. |
| NSF and large deposits | No numeric limits in the public material we found. DepositDesk shows NSF counts and uses your own large-deposit setting. |
Calculated per Angel Oak Mortgage Solutions's published guidelines (as of Oct 7, 2026). DepositDesk is not affiliated with Angel Oak. Guidelines change without notice; confirm with your Angel Oak account executive before you quote.
(02) Worked example
The math on a sample file.
$360,000 eligible business deposits over 12 months, 100% owned: × (1 − 50%) ÷ 12 = $15,000 a month. With a CPA letter at the 15% minimum: $25,500. In a 70% industry: $9,000.
(03) In DepositDesk
What the worksheet flags.
- Ownership under 25%
- Personal statements: whether the 2-months-of-business-statements option applies
- CPA-letter factors below 15% are raised to 15%
The worksheet, CSV and lender PDF all carry the line “Calculated per Angel Oak Mortgage Solutions's published guidelines (as of Oct 7, 2026). DepositDesk is not affiliated with Angel Oak.” so the underwriter sees which rules you used.
(04) Sources
Read the lender's own documents.
- Bank statement program page (read Oct 7, 2026)
- Angel Oak Mortgage Solutions FAQ post, Sep 2, 2022
- Mortgages for self-employed guide, Aug 23, 2022
DepositDesk is independent and isn't affiliated with, endorsed by or approved by Angel Oak Mortgage Solutions. Names are used only to identify whose published guidelines are applied.
(05) FAQ
Questions brokers ask.
How does Angel Oak calculate bank statement income?+
Expense factor: Default 50%. Some industries with traditionally higher expenses are underwritten at 70%. CPA or tax-preparer letter: A lower factor needs a statement from a third-party CPA, tax preparer or bookkeeping company. Minimum 15% (2022 FAQ). Personal statements: Same expense factor as business, unless the borrower provides 2 months of business bank statements; then 100% of deposits (2022 FAQ).
Is DepositDesk affiliated with Angel Oak?+
No. DepositDesk is an independent tool for brokers. It applies Angel Oak's publicly published rules as of Oct 7, 2026 and links the source documents. The lender's underwriter determines final qualifying income.
How do I run a file with Angel Oak's rules?+
Open the DepositDesk tool, choose Angel Oak Mortgage Solutions under Lender rules, then drop in the borrower's statements. The worksheet and PDF are labelled with the lender and the guideline date.
(Next step)
Run your next file with Angel Oak rules.
Pick the lender, drop in the statements, and export a worksheet labelled with the guideline date. Your first file is free; statements never leave your browser.