Angel Oak Mortgage Solutions at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the D grade breaks down
Each component is a percentile rank among 220 investment-property lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
13th18.9% deniedPricingmedian rate spread over APOR, weight 30%
40th1.24 ptsProcesswithdrawn + incomplete share, weight 15%
12th23.4%Closing coststotal loan costs ÷ loan amount, weight 10%
18th4.21% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 6,541 | 3,050 | 20.0% | 29.4% | 8.38% | $1.3B |
| 2024 | 7,435 | 4,702 | 13.9% | 17.8% | 7.75% | $2.1B |
| 2025 | 10,229 | 6,232 | 14.5% | 18.9% | 7.50% | $2.8B |
What Angel Oak Mortgage Solutions lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 1,688 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 5,147 investment properties.
Why Angel Oak Mortgage Solutions denies applications
Primary reason reported for each of the 1,485 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Angel Oak Mortgage Solutions
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 56 | 8 | 68.0% |
| $50k – $100k | 520 | 317 | 25.4% |
| $100k – $150k | 680 | 418 | 24.1% |
| $150k – $250k | 1,236 | 766 | 21.7% |
| Over $250k | 3,114 | 2,012 | 17.5% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 58 | 34 | 23.9% |
| 25–34 | 1,049 | 632 | 19.4% |
| 35–44 | 2,833 | 1,663 | 20.0% |
| 45–54 | 3,038 | 1,911 | 18.5% |
| 55–64 | 2,236 | 1,374 | 18.3% |
| 65–74 | 819 | 508 | 17.4% |
| Over 74 | 196 | 110 | 19.9% |
Where Angel Oak Mortgage Solutions lends
48 states and 973 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Florida | 3,089 | 1,936 | 13.3% | 7.37% | #66 |
| California | 1,703 | 979 | 17.4% | 7.50% | #118 |
| Texas | 853 | 491 | 14.1% | 7.25% | #183 |
| Georgia | 435 | 268 | 13.1% | 7.50% | #164 |
| South Carolina | 400 | 250 | 14.0% | 7.37% | #119 |
| North Carolina | 385 | 246 | 14.6% | 7.50% | #162 |
| Virginia | 300 | 201 | 16.0% | 7.37% | #162 |
| New Jersey | 242 | 153 | 12.8% | 7.63% | #180 |
| Arizona | 237 | 137 | 16.0% | 7.75% | #166 |
| Maryland | 220 | 132 | 15.0% | 7.50% | #150 |
| Pennsylvania | 212 | 147 | 10.4% | 7.37% | #264 |
| Colorado | 185 | 107 | 15.7% | 7.37% | #186 |
| Tennessee | 165 | 97 | 9.7% | 7.37% | #240 |
| Washington | 163 | 90 | 18.4% | 7.50% | #206 |
| Illinois | 152 | 98 | 9.2% | 7.87% | #293 |
| Hawaii | 137 | 79 | 21.9% | 7.37% | #43 |
| Ohio | 119 | 63 | 11.8% | 7.37% | #304 |
| Michigan | 114 | 71 | 14.9% | 7.75% | #258 |
| Connecticut | 97 | 65 | 16.5% | 7.75% | #170 |
| Indiana | 94 | 55 | 12.8% | 7.62% | #282 |
| Alabama | 85 | 50 | 15.3% | 7.50% | #246 |
| Nevada | 79 | 46 | 15.2% | 7.25% | #164 |
| Minnesota | 71 | 51 | 8.5% | 7.37% | #245 |
| Missouri | 67 | 41 | 20.9% | 7.87% | #315 |
| Oregon | 67 | 36 | 16.4% | 7.56% | #198 |
| Utah | 63 | 39 | 9.5% | 7.37% | #154 |
| New Mexico | 62 | 41 | 8.1% | 7.37% | #130 |
| Louisiana | 52 | 38 | 7.7% | 7.50% | #247 |
| Arkansas | 46 | 24 | 15.2% | 7.44% | #211 |
| Oklahoma | 44 | 27 | 20.5% | 7.25% | #270 |
| Wisconsin | 36 | 21 | 13.9% | 7.75% | #372 |
| Idaho | 32 | 19 | 25.0% | 7.62% | #191 |
| Kansas | 31 | 19 | 25.8% | 7.50% | #268 |
| Delaware | 29 | 17 | 17.2% | 7.12% | #159 |
| Kentucky | 25 | 14 | 32.0% | 7.50% | #329 |
| New Hampshire | 24 | 15 | 0.0% | 7.87% | #179 |
| Mississippi | 17 | 12 | 11.8% | 7.44% | #253 |
| Montana | 15 | 8 | 20.0% | 9.44% | #156 |
| District of Columbia | 13 | 6 | 7.7% | 7.19% | #161 |
| Rhode Island | 13 | 10 | 15.4% | 7.50% | #171 |
| Maine | 11 | 7 | 9.1% | 7.87% | #215 |
| Nebraska | 10 | 7 | 10.0% | 7.25% | #247 |
| Iowa | 8 | 6 | 25.0% | 7.44% | #380 |
| North Dakota | 7 | 2 | 57.1% | 7.75% | #149 |
| South Dakota | 7 | 3 | 14.3% | 6.50% | #154 |
| West Virginia | 7 | 4 | 0.0% | 8.25% | #280 |
Frequently asked questions
Angel Oak Mortgage Solutions denied 18.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 13th percentile of investment-property lenders.
The most common reason Angel Oak Mortgage Solutions gave in 2025 was "collateral", cited on 32.9% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Angel Oak Mortgage Solutions originated in 2025 was 7.50%, and its median rate spread over the average prime offer rate was 1.24 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 47% of its applications were for home purchases, 52% for refinancing (including cash-out), and 1% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.