Angel Oak Non-QM Condominium Loans
Angel Oak offers Non-QM condominium loan programs designed for self-employed borrowers and real estate investors. We finance warrantable condos, non-warrantable condos, and condotels (condo-hotels) through a variety of solutions. All condominium transactions must have a completed homeowners’ association (HOA) questionnaire and a valid project approval.
General Requirements:
- Purchase, Refi Cash Out, Refi Rate & Term, & Delayed Financing
- Low-Rise, Mid-Rise, or High-Rise
- 100% investor concentration OK
- Up to 10% deductible on master condo insurance policy
- Minimum 450 sqft of living space
- Full functional kitchen required
- New Construction allowed
- Condo Conversion allowed, 3 year seasoning required
- Litigation may be acceptable (case by case basis)
- Permanent and non-permanent residents allowed
All condominium projects must meet the following requirements:
