Angel Oak Mortgage Solutions vs Deephaven Mortgage
Angel Oak and Deephaven are both long-established non-QM specialists, typically accessed through a mortgage broker. Each offers the full self-employed lineup — bank statement, asset depletion, 1099, P&L, and ITIN. Differences come down to product guidelines and pricing on the day, so have your broker quote both.
Shared products: Bank Statement, Self-Employed, Non-QM, Asset Depletion, 1099 Income, P&L Only, No Tax Return, ITIN · Updated March 2026
4.5
Angel Oak Mortgage Solutions
Wins 2 categories
4.0
Deephaven Mortgage
Wins 0 categories
Full Comparison
| Feature | Angel Oak Mortgage Solutions | Deephaven Mortgage |
|---|---|---|
| Interest Rates | 7%–9.75% | 7%–9.75% |
| Max LTV | 90% | 90% |
| Min Credit Score | 620 | 620 |
| Loan Range | $100K–$4M | $100K–$4M |
| Origination Fee | Set by your broker | Set by your broker |
| Speed to Close | 25–40 days | 25–40 days |
| Experience Required | No experience required | No experience required |
| LLC Borrowing | No | No |
| Interest-Only | Available | Available |
| Prepayment Penalty | None (owner-occupied) | None (owner-occupied) |
| Foreign National | YesBetter | No |
| Coverage | Nationwide | Nationwide |
| Property Types | primary-residence, second-home, investment | primary-residence, second-home, investment |
| Loan Products | 8 products | 8 products |
| Founded | 2011 | 2012 |
| Editor Rating | 4.5 / 5.0Better | 4.0 / 5.0 |
Pros & Cons
Angel Oak Mortgage Solutions
Pros
- +Among the largest, most established non-QM lenders
- +Broadest self-employed menu in the market
- +Offers ITIN and foreign-national programs
- +Loans up to roughly $4M
Cons
- –Wholesale-only — you must apply through a mortgage broker, not directly
- –No direct consumer pricing or application
- –Costs depend on the broker you choose
Deephaven Mortgage
Pros
- +Dedicated non-QM pioneer — alternative-doc focus since 2012
- +Full self-employed menu including bank statement, asset, 1099, P&L, ITIN
- +Also offers second liens and first-lien HELOCs
- +Backed by Pretium, a large institutional investor
Cons
- –Wholesale/correspondent only — apply through a broker, not directly
- –No agency or government loans for comparison under one roof
- –Consumer experience depends entirely on the broker
Angel Oak Mortgage Solutions
4.5 editor rating · 25–40 days closing
Frequently Asked Questions
Is Angel Oak Mortgage Solutions or Deephaven Mortgage better for self-employed borrowers?
Angel Oak and Deephaven are both long-established non-QM specialists, typically accessed through a mortgage broker. Each offers the full self-employed lineup — bank statement, asset depletion, 1099, P&L, and ITIN. Differences come down to product guidelines and pricing on the day, so have your broker quote both.
What loan types do Angel Oak Mortgage Solutions and Deephaven Mortgage both offer?
Both lenders offer Bank Statement, Self-Employed, Non-QM, Asset Depletion, 1099 Income, P&L Only, No Tax Return, ITIN. Both offer 8 products.
Which has lower rates, Angel Oak Mortgage Solutions or Deephaven Mortgage?
Angel Oak Mortgage Solutions advertises rates starting at 7% while Deephaven Mortgage starts at 7%. Both have the same starting rate, but actual rates depend on your credit score, LTV, property type, and loan product. Always get quotes from both lenders.
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